TIAA CREF Investment Management LLC boosted its holdings in shares of Marriott International Inc (NASDAQ:MAR) by 6.1% in the 4th quarter, HoldingsChannel reports. The fund owned 3,196,630 shares of the company’s stock after acquiring an additional 183,633 shares during the quarter. TIAA CREF Investment Management LLC’s holdings in Marriott International were worth $433,879,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in MAR. Valeo Financial Advisors LLC grew its stake in Marriott International by 367.1% during the 4th quarter. Valeo Financial Advisors LLC now owns 738 shares of the company’s stock valued at $100,000 after acquiring an additional 580 shares in the last quarter. Wolverine Asset Management LLC purchased a new stake in Marriott International during the 4th quarter valued at about $128,000. Grove Bank & Trust grew its stake in Marriott International by 214.8% during the 3rd quarter. Grove Bank & Trust now owns 1,231 shares of the company’s stock valued at $136,000 after acquiring an additional 840 shares in the last quarter. Advisors Asset Management Inc. grew its stake in Marriott International by 66.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,481 shares of the company’s stock valued at $163,000 after acquiring an additional 590 shares in the last quarter. Finally, KCS Wealth Advisory purchased a new stake in Marriott International during the 4th quarter valued at about $201,000. 65.60% of the stock is owned by institutional investors.
MAR has been the subject of several research reports. Sanford C. Bernstein cut shares of Marriott International from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 16th. Barclays boosted their target price on shares of Marriott International from $105.00 to $130.00 and gave the company an “equal weight” rating in a report on Tuesday, November 28th. Deutsche Bank reiterated a “hold” rating and issued a $124.00 target price on shares of Marriott International in a report on Wednesday, December 6th. Morgan Stanley reiterated a “buy” rating on shares of Marriott International in a report on Friday, December 8th. Finally, BidaskClub upgraded shares of Marriott International from a “buy” rating to a “strong-buy” rating in a report on Thursday, December 21st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Marriott International presently has an average rating of “Buy” and an average price target of $122.38.
Marriott International Inc (NASDAQ:MAR) opened at $141.81 on Tuesday. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 2.10. Marriott International Inc has a fifty-two week low of $86.25 and a fifty-two week high of $149.21. The company has a market cap of $51,217.19, a P/E ratio of 32.87, a PEG ratio of 2.55 and a beta of 1.35.
Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Wednesday, February 14th. The company reported $1.12 EPS for the quarter, topping the consensus estimate of $1.00 by $0.12. Marriott International had a net margin of 5.99% and a return on equity of 36.15%. The firm had revenue of $5.88 billion for the quarter, compared to analyst estimates of $5.61 billion. During the same period in the prior year, the business posted $0.85 EPS. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. research analysts anticipate that Marriott International Inc will post 5.33 earnings per share for the current year.
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. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $1.32 annualized dividend and a dividend yield of 0.93%. Marriott International’s dividend payout ratio is currently 36.67%.
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Marriott International Company 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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