KCS Wealth Advisory Invests $201,000 in Marriott International Inc (MAR) Stock
KCS Wealth Advisory bought a new position in shares of Marriott International Inc (NASDAQ:MAR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,481 shares of the company’s stock, valued at approximately $201,000.
A number of other institutional investors also recently bought and sold shares of MAR. FMR LLC lifted its holdings in Marriott International by 32.5% during the second quarter. FMR LLC now owns 15,406,182 shares of the company’s stock worth $1,545,394,000 after buying an additional 3,780,639 shares during the period. Capital Research Global Investors lifted its holdings in shares of Marriott International by 7.2% during the 2nd quarter. Capital Research Global Investors now owns 12,763,000 shares of the company’s stock valued at $1,280,257,000 after purchasing an additional 862,710 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Marriott International by 1,881.3% during the 2nd quarter. Janus Henderson Group PLC now owns 887,490 shares of the company’s stock valued at $89,025,000 after purchasing an additional 842,696 shares during the last quarter. Koch Industries Inc. purchased a new stake in shares of Marriott International during the 2nd quarter valued at $629,000. Finally, Gotham Asset Management LLC lifted its holdings in shares of Marriott International by 11,934.7% during the 2nd quarter. Gotham Asset Management LLC now owns 381,379 shares of the company’s stock valued at $38,256,000 after purchasing an additional 378,210 shares during the last quarter. Institutional investors own 66.65% of the company’s stock.
Several analysts have recently commented on MAR shares. Zacks Investment Research upgraded Marriott International from a “hold” rating to a “buy” rating and set a $130.00 price objective for the company in a report on Thursday, October 26th. Royal Bank of Canada reiterated a “buy” rating on shares of Marriott International in a report on Tuesday, November 7th. Sanford C. Bernstein lowered Marriott International from an “outperform” rating to a “market perform” rating in a report on Thursday, November 16th. Morgan Stanley reiterated a “buy” rating on shares of Marriott International in a report on Friday, December 8th. Finally, BidaskClub lowered Marriott International from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 5th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $112.62.
Marriott International (NASDAQ:MAR) last released its earnings results on Tuesday, November 7th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.12. Marriott International had a return on equity of 31.58% and a net margin of 6.30%. The firm had revenue of $5.66 billion for the quarter, compared to the consensus estimate of $5.22 billion. During the same period in the prior year, the firm earned $0.91 EPS. The firm’s revenue was up 43.7% on a year-over-year basis. research analysts predict that Marriott International Inc will post 4.24 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Wednesday, November 22nd were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend was Tuesday, November 21st. Marriott International’s dividend payout ratio is currently 35.87%.
Marriott International announced that its Board of Directors has authorized a stock repurchase program on Thursday, November 9th that authorizes the company to buyback 30,000,000 outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.
In other Marriott International news, Director Eric Hippeau sold 4,863 shares of the stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $125.98, for a total transaction of $612,640.74. Following the sale, the director now directly owns 34,245 shares of the company’s stock, valued at approximately $4,314,185.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Anthony Capuano sold 19,510 shares of the stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $133.51, for a total value of $2,604,780.10. Following the sale, the executive vice president now directly owns 23,159 shares in the company, valued at $3,091,958.09. The disclosure for this sale can be found here. Insiders have sold a total of 221,825 shares of company stock worth $27,378,820 over the last ninety days. 11.32% of the stock is owned by insiders.
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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