Green Valley Investors LLC cut its stake in Marriott International Inc (NASDAQ:MAR) by 13.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 334,886 shares of the company’s stock after selling 52,710 shares during the period. Marriott International accounts for about 2.0% of Green Valley Investors LLC’s portfolio, making the stock its 19th largest position. Green Valley Investors LLC owned about 0.10% of Marriott International worth $44,215,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Marshall Wace LLP boosted its stake in Marriott International by 55.3% in the 2nd quarter. Marshall Wace LLP now owns 28,726 shares of the company’s stock worth $3,637,000 after purchasing an additional 10,226 shares in the last quarter. Abner Herrman & Brock LLC lifted its stake in Marriott International by 3.8% during the 3rd quarter. Abner Herrman & Brock LLC now owns 176,800 shares of the company’s stock valued at $23,343,000 after acquiring an additional 6,413 shares during the period. Korea Investment CORP lifted its stake in Marriott International by 5.4% during the 2nd quarter. Korea Investment CORP now owns 124,060 shares of the company’s stock valued at $15,706,000 after acquiring an additional 6,400 shares during the period. CenterStar Asset Management LLC acquired a new stake in Marriott International during the 3rd quarter valued at approximately $133,000. Finally, USS Investment Management Ltd acquired a new stake in Marriott International during the 3rd quarter valued at approximately $122,802,000. Institutional investors own 63.48% of the company’s stock.
Several analysts have commented on the stock. Robert W. Baird restated a “hold” rating and set a $127.00 price objective on shares of Marriott International in a research note on Monday. BidaskClub upgraded shares of Marriott International from a “hold” rating to a “buy” rating in a research note on Friday, November 23rd. Wells Fargo & Co set a $127.00 price objective on shares of Marriott International and gave the company a “hold” rating in a research note on Wednesday, November 14th. ValuEngine cut shares of Marriott International from a “buy” rating to a “hold” rating in a research note on Wednesday, August 8th. Finally, Zacks Investment Research upgraded shares of Marriott International from a “sell” rating to a “hold” rating in a research note on Wednesday, August 8th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $139.80.
Marriott International (NASDAQ:MAR) last posted its earnings results on Monday, November 5th. The company reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.39. The firm 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%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.10 EPS. Analysts expect that Marriott International Inc will post 6.18 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Wednesday, November 21st will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend is Tuesday, November 20th. Marriott International’s dividend payout ratio (DPR) is 37.61%.
In other news, Director Eric Hippeau sold 9,000 shares of Marriott International 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 transaction, the director now directly owns 21,762 shares of the company’s stock, valued at approximately $2,529,397.26. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 12.99% of the stock is owned by insiders.
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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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