First Hawaiian Bank Sells 180 Shares of Marriott International Inc (MAR)
First Hawaiian Bank cut its holdings in shares of Marriott International Inc (NASDAQ:MAR) by 7.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,234 shares of the company’s stock after selling 180 shares during the period. First Hawaiian Bank’s holdings in Marriott International were worth $242,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Centaurus Financial Inc. acquired a new position in shares of Marriott International in the 2nd quarter worth approximately $102,000. CenterStar Asset Management LLC acquired a new position in shares of Marriott International in the 3rd quarter worth approximately $133,000. Pathstone Family Office LLC acquired a new position in shares of Marriott International in the 3rd quarter worth approximately $132,000. Parsec Financial Management Inc. acquired a new position in shares of Marriott International in the 3rd quarter worth approximately $212,000. Finally, B. Riley Wealth Management Inc. acquired a new position in shares of Marriott International in the 3rd quarter worth approximately $228,000. Institutional investors and hedge funds own 63.34% of the company’s stock.
In other Marriott International news, Director Eric Hippeau sold 9,000 shares of the business’s stock in a transaction 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 in the company, valued at approximately $2,529,397.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 12.99% of the company’s stock.
Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Monday, November 5th. The company reported $1.70 EPS for the quarter, beating the Zacks’ consensus estimate of $1.31 by $0.39. The business had revenue of $5.05 billion during the quarter, compared to analyst estimates of $5.28 billion. Marriott International had a net margin of 7.95% and a return on equity of 68.01%. Marriott International’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.10 EPS. Analysts forecast that Marriott International Inc will post 6.18 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, December 31st. Shareholders of record on Wednesday, November 21st were paid a dividend of $0.41 per share. The ex-dividend date was Tuesday, November 20th. This represents a $1.64 dividend on an annualized basis and a yield of 1.50%. Marriott International’s dividend payout ratio (DPR) is presently 37.61%.
A number of research firms recently issued reports on MAR. Robert W. Baird set a $133.00 target price on shares of Marriott International and gave the company a “hold” rating in a research report on Friday, October 19th. Zacks Investment Research downgraded shares of Marriott International from a “buy” rating to a “hold” rating in a research report on Tuesday, October 9th. BidaskClub upgraded shares of Marriott International from a “sell” rating to a “hold” rating in a research report on Tuesday, October 30th. Citigroup downgraded shares of Marriott International from a “buy” rating to a “neutral” rating and dropped their target price for the company from $144.00 to $117.00 in a research report on Wednesday, December 12th. Finally, Raymond James dropped their target price on shares of Marriott International from $140.00 to $137.00 and set a “buy” rating on the stock in a research report on Thursday, November 8th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $138.33.
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About Marriott International
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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