Carderock Capital Management Inc. lifted its stake in Marriott International Inc (NASDAQ:MAR) by 3.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,731 shares of the company’s stock after purchasing an additional 410 shares during the period. Carderock Capital Management Inc.’s holdings in Marriott International were worth $1,459,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Meridian Wealth Management LLC acquired a new stake in shares of Marriott International in the second quarter valued at about $25,000. NuWave Investment Management LLC raised its position in Marriott International by 373.9% during the second quarter. NuWave Investment Management LLC now owns 218 shares of the company’s stock worth $31,000 after acquiring an additional 172 shares during the last quarter. TLW Wealth Management LLC acquired a new position in Marriott International during the second quarter worth about $31,000. Rational Advisors LLC raised its position in Marriott International by 373.9% during the second quarter. Rational Advisors LLC now owns 218 shares of the company’s stock worth $31,000 after acquiring an additional 172 shares during the last quarter. Finally, Motco acquired a new position in Marriott International during the second quarter worth about $40,000. Hedge funds and other institutional investors own 63.22% of the company’s stock.
In other news, insider Craig S. Smith sold 14,915 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 18,062 shares of the company’s stock, valued at $2,315,548.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Bruce W. Duncan sold 3,376 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $132.16, for a total transaction of $446,172.16. Following the completion of the sale, the director now directly owns 14,600 shares of the company’s stock, valued at $1,929,536. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,157 shares of company stock valued at $3,008,421. 12.60% of the stock is owned by insiders.
A number of equities analysts have issued reports on MAR shares. BMO Capital Markets started coverage on shares of Marriott International in a research report on Wednesday, October 16th. They set a “market perform” rating and a $128.00 target price for the company. Royal Bank of Canada lifted their target price on shares of Marriott International from $146.00 to $148.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Sanford C. Bernstein started coverage on shares of Marriott International in a research report on Wednesday, September 11th. They set a “market perform” rating and a $136.00 target price for the company. Wells Fargo & Co cut their target price on shares of Marriott International from $135.00 to $130.00 and set a “market perform” rating for the company in a research report on Friday, October 18th. Finally, Deutsche Bank restated a “hold” rating and set a $123.00 target price on shares of Marriott International in a research report on Wednesday, August 7th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $132.87.
Marriott International stock opened at $123.49 on Thursday. Marriott International Inc has a 1 year low of $100.62 and a 1 year high of $144.24. The firm has a 50 day moving average price of $124.46 and a 200 day moving average price of $131.41. The company has a market cap of $40.20 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 3.07 and a beta of 1.28. The company has a debt-to-equity ratio of 8.93, a quick ratio of 0.51 and a current ratio of 0.51.
Marriott International (NASDAQ:MAR) last released its earnings results on Monday, August 5th. The company reported $1.56 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.56. Marriott International had a net margin of 6.81% and a return on equity of 113.75%. The firm had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.50 billion. During the same period in the previous year, the firm earned $1.73 earnings per share. Marriott International’s revenue was down 1.9% compared to the same quarter last year. Sell-side analysts predict that Marriott International Inc will post 6.01 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, August 22nd were paid a dividend of $0.48 per share. The ex-dividend date was Wednesday, August 21st. This represents a $1.92 annualized dividend and a yield of 1.55%. Marriott International’s dividend payout ratio is currently 30.92%.
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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