Marriott International (MAR) Stake Increased by Cookson Peirce & Co. Inc.
Cookson Peirce & Co. Inc. raised its position in shares of Marriott International (NASDAQ:MAR) by 1.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 194,030 shares of the company’s stock after buying an additional 2,100 shares during the period. Marriott International comprises 2.2% of Cookson Peirce & Co. Inc.’s portfolio, making the stock its 13th biggest position. Cookson Peirce & Co. Inc. owned about 0.05% of Marriott International worth $19,463,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of MAR. Advisory Services Network LLC grew its stake in shares of Marriott International by 1,490.1% during the second quarter. Advisory Services Network LLC now owns 1,129 shares of the company’s stock valued at $113,000 after purchasing an additional 1,058 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of Marriott International during the first quarter valued at approximately $115,000. Baker Ellis Asset Management LLC bought a new stake in shares of Marriott International during the second quarter valued at approximately $133,000. North Star Investment Management Corp. grew its stake in shares of Marriott International by 3.3% during the second quarter. North Star Investment Management Corp. now owns 1,583 shares of the company’s stock valued at $159,000 after purchasing an additional 50 shares during the last quarter. Finally, Regal Wealth Group Inc. grew its stake in shares of Marriott International by 0.3% during the second quarter. Regal Wealth Group Inc. now owns 1,637 shares of the company’s stock valued at $164,000 after purchasing an additional 5 shares during the last quarter. 65.88% of the stock is owned by institutional investors.
Marriott International (NASDAQ:MAR) traded up 0.57% during midday trading on Friday, reaching $115.11. 1,690,312 shares of the company’s stock traded hands. Marriott International has a 1-year low of $65.91 and a 1-year high of $115.31. The stock’s 50 day moving average price is $107.45 and its 200 day moving average price is $102.19. The firm has a market cap of $42.87 billion, a price-to-earnings ratio of 37.78 and a beta of 1.36.
Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Monday, August 7th. The company reported $1.13 EPS for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.11. Marriott International had a net margin of 5.27% and a return on equity of 26.26%. The company had revenue of $5.80 billion for the quarter, compared to analyst estimates of $5.73 billion. During the same period in the prior year, the firm posted $1.03 EPS. The company’s quarterly revenue was up 48.5% on a year-over-year basis. Equities research analysts anticipate that Marriott International will post $4.14 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Thursday, August 24th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date was Tuesday, August 22nd. Marriott International’s dividend payout ratio is currently 45.52%.
In other news, insider B. Marriott Marital Tr Juliana sold 30,000 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 493,896 shares of the company’s stock, valued at approximately $49,310,576.64. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Edward A. Ryan sold 6,000 shares of the company’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $108.00, for a total transaction of $648,000.00. Following the completion of the sale, the executive vice president now directly owns 74,406 shares in the company, valued at $8,035,848. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 110,727 shares of company stock worth $11,339,600. Insiders own 11.32% of the company’s stock.
Several analysts have recently commented on MAR shares. BidaskClub cut shares of Marriott International from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Zacks Investment Research cut shares of Marriott International from a “buy” rating to a “sell” rating in a research note on Tuesday, July 11th. Stifel Nicolaus increased their price target on shares of Marriott International from $95.00 to $98.00 and gave the company a “hold” rating in a research note on Tuesday, August 8th. Robert W. Baird increased their price target on shares of Marriott International from $101.00 to $103.00 and gave the company a “neutral” rating in a research note on Tuesday, August 8th. Finally, J P Morgan Chase & Co reissued an “overweight” rating and set a $113.00 price target (up from $111.00) on shares of Marriott International in a research note on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $99.68.
ILLEGAL ACTIVITY WARNING: This piece was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece on another site, it was stolen and republished in violation of international trademark and copyright law. The original version of this piece can be viewed at https://www.thecerbatgem.com/2017/10/15/marriott-international-mar-stake-increased-by-cookson-peirce-co-inc.html.
Marriott International 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.
Want to see what other hedge funds are holding MAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marriott International (NASDAQ:MAR).
Receive News & Stock Ratings for Marriott International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marriott International and related stocks with our FREE daily email newsletter.