Smith Chas P & Associates PA Cpas Reduces Stock Holdings in Marriott International Inc (NASDAQ:MAR)
Smith Chas P & Associates PA Cpas decreased its holdings in Marriott International Inc (NASDAQ:MAR) by 12.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,844 shares of the company’s stock after selling 1,110 shares during the quarter. Smith Chas P & Associates PA Cpas’ holdings in Marriott International were worth $976,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also made changes to their positions in the stock. Massachusetts Financial Services Co. MA lifted its stake in Marriott International by 9.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 8,105,856 shares of the company’s stock worth $1,008,125,000 after acquiring an additional 698,009 shares during the period. Prime Capital Investment Advisors LLC purchased a new stake in Marriott International in the third quarter worth $280,000. Tower Research Capital LLC TRC lifted its stake in Marriott International by 234,050.0% in the third quarter. Tower Research Capital LLC TRC now owns 4,683 shares of the company’s stock worth $582,000 after acquiring an additional 4,681 shares during the period. Public Employees Retirement Association of Colorado lifted its stake in Marriott International by 809.8% in the third quarter. Public Employees Retirement Association of Colorado now owns 493,626 shares of the company’s stock worth $61,392,000 after acquiring an additional 439,370 shares during the period. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in Marriott International by 1,845.7% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 1,576 shares of the company’s stock worth $196,000 after acquiring an additional 1,495 shares during the period. 63.76% of the stock is owned by institutional investors.
In other news, Director George Munoz sold 4,866 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $133.61, for a total transaction of $650,146.26. Following the completion of the transaction, the director now directly owns 6,754 shares in the company, valued at $902,401.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Craig S. Smith sold 14,915 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $128.20, for a total value of $1,912,103.00. Following the transaction, the insider now owns 18,062 shares of the company’s stock, valued at $2,315,548.40. The disclosure for this sale can be found here. 12.60% of the stock is owned by company insiders.
Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Monday, November 4th. The company reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). The firm had revenue of $5.28 billion during the quarter, compared to the consensus estimate of $5.14 billion. Marriott International had a return on equity of 134.91% and a net margin of 6.28%. Marriott International’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.70 EPS. On average, equities research analysts predict that Marriott International Inc will post 5.9 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $1.92 annualized dividend and a dividend yield of 1.45%. Marriott International’s payout ratio is presently 30.92%.
A number of analysts recently commented on MAR shares. ValuEngine raised Marriott International from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Deutsche Bank reaffirmed a “hold” rating and issued a $123.00 price target on shares of Marriott International in a research note on Wednesday, November 6th. Sanford C. Bernstein started coverage on Marriott International in a research note on Wednesday, September 11th. They issued a “market perform” rating and a $136.00 price target for the company. Royal Bank of Canada raised their price target on Marriott International from $146.00 to $148.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Finally, Morgan Stanley raised their price target on Marriott International from $123.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the stock. Marriott International presently has a consensus rating of “Hold” and an average price target of $135.50.
Marriott International Profile
Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through North American Full-Service, North American Limited-Service, and Asia Pacific segments. It operates its properties under the JW Marriott, The Ritz-Carlton, Ritz-Carlton Reserve, W Hotels, The Luxury Collection, St.
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