Marriott International (MAR) Shares Bought by Profund Advisors LLC
Profund Advisors LLC increased its position in shares of Marriott International (NASDAQ:MAR) by 22.0% during the third quarter, Holdings Channel reports. The institutional investor owned 22,133 shares of the company’s stock after buying an additional 3,992 shares during the period. Profund Advisors LLC’s holdings in Marriott International were worth $1,490,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. LS Investment Advisors LLC raised its stake in shares of Marriott International by 5.3% in the second quarter. LS Investment Advisors LLC now owns 7,559 shares of the company’s stock valued at $502,000 after buying an additional 378 shares during the period. YHB Investment Advisors Inc. raised its stake in shares of Marriott International by 131.9% in the second quarter. YHB Investment Advisors Inc. now owns 17,012 shares of the company’s stock valued at $1,131,000 after buying an additional 9,675 shares during the period. Oakbrook Investments LLC raised its stake in shares of Marriott International by 8.5% in the second quarter. Oakbrook Investments LLC now owns 11,550 shares of the company’s stock valued at $768,000 after buying an additional 900 shares during the period. Ledyard National Bank acquired a new stake in shares of Marriott International during the second quarter valued at $4,424,000. Finally, Daiwa Securities Group Inc. raised its stake in shares of Marriott International by 77.5% in the second quarter. Daiwa Securities Group Inc. now owns 16,167 shares of the company’s stock valued at $1,074,000 after buying an additional 7,060 shares during the period. 63.88% of the stock is currently owned by institutional investors.
Shares of Marriott International (NASDAQ:MAR) traded up 0.92% during mid-day trading on Friday, reaching $82.64. The company’s stock had a trading volume of 1,671,459 shares. Marriott International has a 12 month low of $56.43 and a 12 month high of $86.15. The stock has a market capitalization of $32.27 billion, a P/E ratio of 29.42 and a beta of 1.29. The company has a 50 day moving average price of $81.99 and a 200 day moving average price of $72.71.
Marriott International (NASDAQ:MAR) last posted its earnings results on Monday, November 7th. The company reported $0.91 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.03. Marriott International had a negative return on equity of 76.10% and a net margin of 4.82%. The company had revenue of $3.94 billion for the quarter, compared to analyst estimates of $4.41 billion. During the same period last year, the company earned $0.78 earnings per share. The business’s revenue was up 10.2% compared to the same quarter last year. On average, equities research analysts anticipate that Marriott International will post $3.62 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Thursday, November 24th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.45%. The ex-dividend date was Monday, November 21st. Marriott International’s dividend payout ratio is currently 42.25%.
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Several research analysts have commented on MAR shares. Zacks Investment Research lowered Marriott International from a “hold” rating to a “sell” rating in a research report on Wednesday, October 26th. Deutsche Bank AG reaffirmed a “hold” rating and set a $73.00 price target on shares of Marriott International in a research report on Friday, November 18th. Telsey Advisory Group cut their price target on Marriott International from $74.00 to $70.00 and set a “market perform” rating on the stock in a research report on Friday, September 23rd. Morgan Stanley raised Marriott International from an “equal weight” rating to an “overweight” rating and set a $78.00 price target on the stock in a research report on Monday, September 26th. Finally, Stifel Nicolaus lifted their price target on Marriott International from $65.00 to $66.00 and gave the stock a “hold” rating in a research report on Monday, September 26th. One analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $80.60.
In other Marriott International news, insider Argiris Kyriakidis sold 5,000 shares of Marriott International stock in a transaction that occurred on Tuesday, December 13th. The stock was sold at an average price of $84.68, for a total transaction of $423,400.00. Following the sale, the insider now directly owns 16,658 shares of the company’s stock, valued at $1,410,599.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Amy Mcpherson sold 11,573 shares of Marriott International stock in a transaction that occurred on Friday, December 2nd. The shares were sold at an average price of $79.52, for a total value of $920,284.96. Following the sale, the insider now directly owns 67,725 shares in the company, valued at $5,385,492. The disclosure for this sale can be found here. 17.07% of the stock is owned by insiders.
Marriott International Company Profile
Marriott International, Inc is a lodging company. The Company is an operator, franchisor and licensor of hotels and timeshare properties in approximately 90 countries and territories under over 20 brand names. It operates through three segments: North American Full-Service, which includes brands, such as The Ritz-Carlton, EDITION, JW Marriott, Autograph Collection Hotels, Marriott Hotels, Delta Hotels and Resorts, and Renaissance Hotels located in the United States and Canada; North American Limited-Service, which includes brands, such as AC Hotels by Marriott, Courtyard, Residence Inn, SpringHill Suites, TownePlace Suites properties and Fairfield Inn & Suites located in the United States and Canada, and International, which includes brands, such as Bulgari Hotels & Resorts, Protea Hotels and Moxy Hotels located outside the United States and Canada.
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