YHB Investment Advisors Inc. lifted its holdings in Marriott International (NASDAQ:MAR) by 36.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,909 shares of the company’s stock after buying an additional 11,752 shares during the quarter. YHB Investment Advisors Inc.’s holdings in Marriott International were worth $4,841,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Advisory Services Network LLC boosted its stake in shares of Marriott International by 1,490.1% in the second quarter. Advisory Services Network LLC now owns 1,129 shares of the company’s stock valued at $113,000 after buying an additional 1,058 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in shares of Marriott International in the first quarter valued at approximately $115,000. Baker Ellis Asset Management LLC purchased a new stake in shares of Marriott International in the second quarter valued at approximately $133,000. First Quadrant L P CA purchased a new stake in shares of Marriott International in the third quarter valued at approximately $136,000. Finally, Carroll Financial Associates Inc. boosted its stake in shares of Marriott International by 175.6% in the third quarter. Carroll Financial Associates Inc. now owns 1,323 shares of the company’s stock valued at $147,000 after buying an additional 843 shares in the last quarter. Hedge funds and other institutional investors own 66.06% of the company’s stock.
Marriott International (NASDAQ MAR) traded up $1.30 during trading on Friday, reaching $120.11. The company had a trading volume of 3,377,000 shares, compared to its average volume of 2,706,595. The firm has a market capitalization of $43,789.82, a price-to-earnings ratio of 29.37, a P/E/G ratio of 3.10 and a beta of 1.34. Marriott International has a 52-week low of $72.75 and a 52-week high of $124.34. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.52 and a quick ratio of 0.53.
Marriott International (NASDAQ:MAR) last released its earnings results on Tuesday, November 7th. The company reported $1.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.12. The firm had revenue of $5.66 billion during the quarter, compared to analyst estimates of $5.22 billion. Marriott International had a return on equity of 31.58% and a net margin of 6.30%. The business’s quarterly revenue was up 43.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.91 earnings per share. equities research analysts forecast that Marriott International will post 4.24 EPS for the current fiscal year.
Marriott International announced that its board has initiated a share buyback plan on Thursday, November 9th that permits the company to buyback 30,000,000 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Wednesday, November 22nd will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Tuesday, November 21st. Marriott International’s dividend payout ratio (DPR) is presently 35.87%.
A number of analysts recently weighed in on MAR shares. BidaskClub upgraded Marriott International from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Stifel Nicolaus lifted their price target on Marriott International from $95.00 to $98.00 and gave the company a “hold” rating in a research note on Tuesday, August 8th. Robert W. Baird lifted their price target on Marriott International from $101.00 to $103.00 and gave the company a “neutral” rating in a research note on Tuesday, August 8th. Zacks Investment Research upgraded Marriott International from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Finally, J P Morgan Chase & Co restated an “overweight” rating and issued a $113.00 price target (up from $111.00) on shares of Marriott International in a research note on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $106.64.
In other Marriott International news, EVP Edward A. Ryan sold 6,000 shares of the business’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $108.00, for a total transaction of $648,000.00. Following the completion of the sale, the executive vice president now owns 74,406 shares of the company’s stock, valued at $8,035,848. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Juliana B. Marriott sold 8,400 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $100.51, for a total value of $844,284.00. Following the sale, the insider now directly owns 18,000 shares of the company’s stock, valued at approximately $1,809,180. The disclosure for this sale can be found here. In the last three months, insiders have sold 110,727 shares of company stock valued at $11,339,600. 11.32% of the stock is owned by company insiders.
About Marriott International
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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