AHL Partners LLP Has $1.97 Million Position in Marriott International (MAR)
AHL Partners LLP lifted its stake in shares of Marriott International (NASDAQ:MAR) by 230.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 19,615 shares of the company’s stock after buying an additional 13,679 shares during the quarter. AHL Partners LLP’s holdings in Marriott International were worth $1,967,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in MAR. Oppenheimer Asset Management Inc. purchased a new stake in shares of Marriott International during the 1st quarter valued at about $115,000. Baker Ellis Asset Management LLC purchased a new stake in shares of Marriott International during the 2nd quarter valued at about $133,000. North Star Investment Management Corp. raised its holdings in shares of Marriott International by 3.3% during the 2nd quarter. North Star Investment Management Corp. now owns 1,583 shares of the company’s stock valued at $159,000 after buying an additional 50 shares during the period. Regal Wealth Group Inc. raised its holdings in shares of Marriott International by 0.3% during the 2nd quarter. Regal Wealth Group Inc. now owns 1,637 shares of the company’s stock valued at $164,000 after buying an additional 5 shares during the period. Finally, Alexandria Capital LLC raised its holdings in shares of Marriott International by 0.7% during the 2nd quarter. Alexandria Capital LLC now owns 1,644 shares of the company’s stock valued at $165,000 after buying an additional 12 shares during the period. Institutional investors and hedge funds own 65.88% of the company’s stock.
Marriott International (NASDAQ MAR) opened at 114.46 on Friday. The stock has a 50 day moving average price of $106.83 and a 200 day moving average price of $101.98. Marriott International has a 12 month low of $65.91 and a 12 month high of $114.87. The firm has a market cap of $42.63 billion, a price-to-earnings ratio of 37.56 and a beta of 1.36.
Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Monday, August 7th. The company reported $1.13 EPS for the quarter, beating the consensus estimate of $1.02 by $0.11. The firm had revenue of $5.80 billion during the quarter, compared to analysts’ expectations of $5.73 billion. Marriott International had a return on equity of 26.26% and a net margin of 5.27%. The company’s revenue for the quarter was up 48.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.03 EPS. On average, equities analysts expect that Marriott International will post $4.14 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Thursday, August 24th were issued a $0.33 dividend. The ex-dividend date was Tuesday, August 22nd. This represents a $1.32 annualized dividend and a yield of 1.15%. Marriott International’s dividend payout ratio (DPR) is 45.52%.
In other Marriott International news, EVP Edward A. Ryan sold 6,000 shares of the company’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $108.00, for a total value of $648,000.00. Following the completion of the transaction, the executive vice president now owns 74,406 shares of the company’s stock, valued at approximately $8,035,848. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider B. Marriott Marital Tr Juliana sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $99.84, for a total value of $2,995,200.00. Following the completion of the transaction, the insider now directly owns 493,896 shares of the company’s stock, valued at approximately $49,310,576.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 110,727 shares of company stock valued at $11,339,600. Insiders own 11.32% of the company’s stock.
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Several equities research analysts recently commented on MAR shares. BidaskClub downgraded Marriott International from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Zacks Investment Research downgraded Marriott International from a “buy” rating to a “sell” rating in a report on Tuesday, July 11th. Stifel Nicolaus raised their target price on Marriott International from $95.00 to $98.00 and gave the company a “hold” rating in a report on Tuesday, August 8th. Robert W. Baird raised their target price on Marriott International from $101.00 to $103.00 and gave the company a “neutral” rating in a report on Tuesday, August 8th. Finally, J P Morgan Chase & Co reiterated an “overweight” rating and set a $113.00 target price (up from $111.00) on shares of Marriott International in a report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Marriott International currently has a consensus rating of “Buy” and a consensus price target of $99.68.
Marriott International Company Profile
Marriott International, Inc (Marriott International) is a lodging company. Marriott International operates in three business segments: North American Full-Service, North American Limited-Service and International. Its North American Full-Service segment includes its Luxury and Premium brands (JW Marriott, Marriott Hotels, Sheraton, Westin, Renaissance Hotels, Le Meridien, Autograph Collection Hotels, Delta Hotels, Gaylord Hotels, and Tribute Portfolio) located in the United States and Canada.
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