Marriott International Inc (MAR) Shares Sold by YHB Investment Advisors Inc.
YHB Investment Advisors Inc. lowered its position in shares of Marriott International Inc (NASDAQ:MAR) by 2.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,944 shares of the company’s stock after selling 855 shares during the period. YHB Investment Advisors Inc.’s holdings in Marriott International were worth $3,576,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently bought and sold shares of MAR. Marshall Wace LLP raised its position in shares of Marriott International by 55.3% during the 2nd quarter. Marshall Wace LLP now owns 28,726 shares of the company’s stock valued at $3,637,000 after buying an additional 10,226 shares in the last quarter. USS Investment Management Ltd purchased a new stake in shares of Marriott International in the 3rd quarter worth approximately $122,802,000. UMB Bank N A MO increased its stake in shares of Marriott International by 16.4% in the third quarter. UMB Bank N A MO now owns 174,351 shares of the company’s stock worth $23,019,000 after acquiring an additional 24,584 shares during the period. Abner Herrman & Brock LLC grew its position in shares of Marriott International by 3.8% in the third quarter. Abner Herrman & Brock LLC now owns 176,800 shares of the company’s stock valued at $23,343,000 after purchasing an additional 6,413 shares during the period. Finally, CenterStar Asset Management LLC purchased a new position in shares of Marriott International in the third quarter worth about $133,000. 63.34% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have commented on the stock. Argus downgraded shares of Marriott International from a “buy” rating to a “hold” rating in a research report on Tuesday, November 20th. Morgan Stanley cut their price objective on shares of Marriott International from $138.00 to $123.00 and set a “hold” rating for the company in a research report on Thursday, November 8th. Wells Fargo & Co set a $127.00 price objective on shares of Marriott International and gave the stock a “hold” rating in a research report on Wednesday, November 14th. Jefferies Financial Group set a $124.00 price objective on shares of Marriott International and gave the stock a “hold” rating in a research report on Wednesday, November 7th. Finally, BidaskClub cut shares of Marriott International from a “buy” rating to a “hold” rating in a research note on Thursday, December 13th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $138.33.
Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Monday, November 5th. The company reported $1.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.31 by $0.39. Marriott International had a net margin of 7.95% and a return on equity of 68.01%. The company had revenue of $5.05 billion during the quarter, compared to the consensus estimate of $5.28 billion. During the same quarter last year, the company earned $1.10 earnings per share. Marriott International’s revenue for the quarter was down .6% on a year-over-year basis. Sell-side analysts forecast that Marriott International Inc will post 6.18 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 31st. Shareholders of record on Wednesday, November 21st were given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 1.50%. The ex-dividend date was Tuesday, November 20th. Marriott International’s dividend payout ratio (DPR) is 37.61%.
In other news, Director Eric Hippeau sold 9,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 13th. The shares were sold at an average price of $116.23, for a total transaction of $1,046,070.00. Following the completion of the sale, the director now owns 21,762 shares of the company’s stock, valued at $2,529,397.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 12.99% of the stock is owned by company insiders.
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Marriott International Company 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.
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