Axa Reduces Position in Marriott International Inc (MAR)
Axa decreased its holdings in shares of Marriott International Inc (NASDAQ:MAR) by 11.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 632,181 shares of the company’s stock after selling 77,799 shares during the quarter. Axa’s holdings in Marriott International were worth $85,806,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Nationwide Fund Advisors grew its position in Marriott International by 83.3% in the 3rd quarter. Nationwide Fund Advisors now owns 356,359 shares of the company’s stock worth $39,292,000 after purchasing an additional 161,993 shares during the last quarter. First Quadrant L P CA bought a new position in Marriott International in the 3rd quarter worth about $136,000. Crossmark Global Holdings Inc. bought a new position in Marriott International in the 3rd quarter worth about $3,322,000. Canada Pension Plan Investment Board grew its position in Marriott International by 125.0% in the 3rd quarter. Canada Pension Plan Investment Board now owns 411,366 shares of the company’s stock worth $45,357,000 after purchasing an additional 228,538 shares during the last quarter. Finally, IFP Advisors Inc grew its position in Marriott International by 17.9% in the 3rd quarter. IFP Advisors Inc now owns 12,911 shares of the company’s stock worth $1,424,000 after purchasing an additional 1,964 shares during the last quarter. Hedge funds and other institutional investors own 66.19% of the company’s stock.
In related news, EVP Anthony Capuano sold 19,510 shares of the stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $133.51, for a total transaction of $2,604,780.10. Following the completion of the sale, the executive vice president now directly owns 23,159 shares of the company’s stock, valued at $3,091,958.09. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider David Grissen sold 2,139 shares of the stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $127.73, for a total transaction of $273,214.47. Following the sale, the insider now directly owns 47,340 shares of the company’s stock, valued at $6,046,738.20. The disclosure for this sale can be found here. Insiders sold 139,074 shares of company stock valued at $19,100,978 over the last quarter. Insiders own 11.32% of the company’s stock.
Marriott International Inc (NASDAQ:MAR) opened at $139.58 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 2.10. The stock has a market cap of $51,640.00, a P/E ratio of 26.95, a PEG ratio of 2.45 and a beta of 1.35. Marriott International Inc has a 1-year low of $85.63 and a 1-year high of $149.21.
Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Wednesday, February 14th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.12. The business had revenue of $5.88 billion during the quarter, compared to analysts’ expectations of $5.61 billion. Marriott International had a net margin of 5.99% and a return on equity of 36.15%. The business’s revenue was up 7.7% on a year-over-year basis. During the same period last year, the firm posted $0.85 earnings per share. analysts anticipate that Marriott International Inc will post 5.33 EPS for the current fiscal year.
Marriott International announced that its board has approved a stock repurchase plan on Thursday, November 9th that allows the company to buyback 30,000,000 shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, February 23rd will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend is Thursday, February 22nd. Marriott International’s dividend payout ratio (DPR) is presently 25.48%.
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Marriott International 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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