Guggenheim Capital LLC reduced its stake in shares of Marriott International Inc (NASDAQ:MAR) by 5.6% in the 1st quarter, HoldingsChannel.com reports. The firm owned 581,109 shares of the company’s stock after selling 34,520 shares during the quarter. Guggenheim Capital LLC’s holdings in Marriott International were worth $79,019,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Cbre Clarion Securities LLC acquired a new stake in shares of Marriott International during the fourth quarter worth approximately $104,785,000. Nicholas Hoffman & Company LLC. acquired a new stake in shares of Marriott International during the fourth quarter worth approximately $226,000. Virtue Capital Management LLC acquired a new stake in shares of Marriott International during the fourth quarter worth approximately $497,000. Ladenburg Thalmann Financial Services Inc. raised its position in Marriott International by 24.3% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 23,494 shares of the company’s stock valued at $3,189,000 after acquiring an additional 4,600 shares in the last quarter. Finally, EP Wealth Advisors LLC bought a new position in Marriott International during the fourth quarter valued at approximately $223,000. Institutional investors and hedge funds own 63.90% of the company’s stock.
Several equities analysts recently weighed in on MAR shares. Zacks Investment Research lowered shares of Marriott International from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. Deutsche Bank raised their price objective on shares of Marriott International from $136.00 to $141.00 and gave the company a “hold” rating in a research report on Friday, February 16th. ValuEngine raised shares of Marriott International from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Robert W. Baird reaffirmed a “hold” rating and set a $138.00 price objective on shares of Marriott International in a research report on Thursday, April 19th. Finally, Jefferies Financial Group started coverage on shares of Marriott International in a research report on Thursday, May 31st. They set a “hold” rating and a $152.00 price objective on the stock. Nine equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Marriott International has a consensus rating of “Buy” and a consensus price target of $134.50.
Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Tuesday, May 8th. The company reported $1.34 EPS for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.12. Marriott International had a net margin of 6.29% and a return on equity of 41.82%. The company had revenue of $5.01 billion for the quarter, compared to analyst estimates of $5.78 billion. During the same quarter last year, the firm posted $1.01 earnings per share. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. analysts predict that Marriott International Inc will post 5.52 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, May 18th will be given a $0.41 dividend. This is a positive change from Marriott International’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Thursday, May 17th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.19%. Marriott International’s dividend payout ratio (DPR) is currently 37.61%.
In other news, insider Craig S. Smith sold 14,422 shares of the firm’s stock in a transaction on Tuesday, March 20th. The shares were sold at an average price of $140.80, for a total value of $2,030,617.60. Following the sale, the insider now owns 34,899 shares in the company, valued at $4,913,779.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Mary K. Bush sold 2,184 shares of the firm’s stock in a transaction on Tuesday, May 15th. The stock was sold at an average price of $138.84, for a total transaction of $303,226.56. Following the completion of the sale, the director now owns 275 shares in the company, valued at approximately $38,181. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,775 shares of company stock worth $4,195,262. 12.99% of the stock is currently owned by corporate insiders.
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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