Abner Herrman & Brock LLC Grows Position in Marriott International Inc (MAR)
Abner Herrman & Brock LLC boosted its stake in shares of Marriott International Inc (NASDAQ:MAR) by 3.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 176,800 shares of the company’s stock after buying an additional 6,413 shares during the period. Marriott International makes up approximately 3.3% of Abner Herrman & Brock LLC’s holdings, making the stock its 6th largest holding. Abner Herrman & Brock LLC’s holdings in Marriott International were worth $23,343,000 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. Sun Life Financial INC grew its position in Marriott International by 331.6% in the 2nd quarter. Sun Life Financial INC now owns 807 shares of the company’s stock valued at $102,000 after acquiring an additional 620 shares during the last quarter. Centaurus Financial Inc. bought a new position in Marriott International in the 2nd quarter valued at $102,000. Fort L.P. bought a new position in Marriott International in the 2nd quarter valued at $114,000. CenterStar Asset Management LLC bought a new position in Marriott International in the 3rd quarter valued at $133,000. Finally, Tortoise Investment Management LLC bought a new position in Marriott International in the 2nd quarter valued at $155,000. Institutional investors own 61.84% of the company’s stock.
In other news, Director Frederick A. Henderson purchased 1,640 shares of the company’s stock in a transaction dated Thursday, August 9th. The shares were acquired at an average price of $120.84 per share, with a total value of $198,177.60. Following the transaction, the director now owns 1,640 shares of the company’s stock, valued at $198,177.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 12.99% of the stock is currently owned by corporate insiders.
Shares of MAR traded down $3.14 during midday trading on Friday, reaching $112.15. 155,509 shares of the stock were exchanged, compared to its average volume of 2,180,938. Marriott International Inc has a 52 week low of $114.05 and a 52 week high of $149.21. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 2.95. The company has a market capitalization of $40.93 billion, a price-to-earnings ratio of 25.84, a PEG ratio of 1.74 and a beta of 1.33.
Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Monday, August 6th. The company reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.37. Marriott International had a return on equity of 52.81% and a net margin of 7.31%. The business had revenue of $5.35 billion for the quarter, compared to the consensus estimate of $5.90 billion. During the same quarter in the prior year, the company earned $1.13 EPS. The business’s revenue was up 2.6% compared to the same quarter last year. On average, equities research analysts predict that Marriott International Inc will post 5.88 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Thursday, August 23rd were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend was Wednesday, August 22nd. Marriott International’s payout ratio is 37.61%.
Marriott International 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.
Recommended Story: What is the 52-week high/low?
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.