Marriott International Inc (MAR) Shares Sold by Skandinaviska Enskilda Banken AB publ
Skandinaviska Enskilda Banken AB publ lessened its stake in shares of Marriott International Inc (NASDAQ:MAR) by 5.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 47,470 shares of the company’s stock after selling 2,500 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Marriott International were worth $6,267,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in MAR. USS Investment Management Ltd purchased a new stake in Marriott International during the third quarter worth $122,802,000. Janus Henderson Group PLC boosted its holdings in Marriott International by 43.7% during the second quarter. Janus Henderson Group PLC now owns 2,231,283 shares of the company’s stock worth $282,481,000 after buying an additional 678,714 shares in the last quarter. Natixis boosted its holdings in Marriott International by 2,495.3% during the second quarter. Natixis now owns 350,048 shares of the company’s stock worth $44,316,000 after buying an additional 336,560 shares in the last quarter. FMR LLC boosted its holdings in Marriott International by 2.0% during the second quarter. FMR LLC now owns 15,041,003 shares of the company’s stock worth $1,904,190,000 after buying an additional 295,877 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Marriott International by 10.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,188,135 shares of the company’s stock worth $403,617,000 after buying an additional 290,784 shares in the last quarter. 61.93% of the stock is currently owned by institutional investors.
A number of analysts recently issued reports on MAR shares. Robert W. Baird reissued a “hold” rating and set a $135.00 price target on shares of Marriott International in a report on Wednesday, August 8th. BidaskClub upgraded shares of Marriott International from a “sell” rating to a “hold” rating in a research report on Tuesday, September 11th. Zacks Investment Research cut shares of Marriott International from a “hold” rating to a “sell” rating in a research report on Wednesday, July 18th. Morgan Stanley reduced their price objective on shares of Marriott International from $138.00 to $123.00 and set a “hold” rating for the company in a research report on Thursday, November 8th. Finally, Jefferies Financial Group set a $124.00 price objective on shares of Marriott International and gave the stock a “hold” rating in a research report on Wednesday, November 7th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company’s stock. Marriott International has a consensus rating of “Hold” and an average target price of $140.93.
Marriott International (NASDAQ:MAR) last issued its earnings results on Monday, November 5th. The company reported $1.70 EPS for the quarter, beating the Zacks’ consensus estimate of $1.31 by $0.39. The business had revenue of $5.05 billion during the quarter, compared to analysts’ expectations of $5.28 billion. Marriott International had a net margin of 7.95% and a return on equity of 68.01%. The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.10 earnings per share. As a group, equities research analysts predict that Marriott International Inc will post 6.14 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Wednesday, November 21st will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend is Tuesday, November 20th. Marriott International’s dividend payout ratio (DPR) is 37.61%.
Marriott International Company Profile
Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through three segments: North American Full-Service, North American Limited-Service, and Asia Pacific. It operates its properties under the JW Marriott, The Ritz-Carlton, W Hotels, The Luxury Collection, St.
Featured Article: Outstanding Shares and The Effect on Share Price
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 Inc (NASDAQ:MAR).
Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.