1,999 Shares in Marriott International Inc (MAR) Acquired by Carmichael Hill & Associates Inc.
Carmichael Hill & Associates Inc. acquired a new stake in shares of Marriott International Inc (NASDAQ:MAR) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 1,999 shares of the company’s stock, valued at approximately $271,000.
A number of other large investors have also bought and sold shares of MAR. Advisory Services Network LLC lifted its stake in Marriott International by 1,490.1% during the second quarter. Advisory Services Network LLC now owns 1,129 shares of the company’s stock worth $113,000 after purchasing an additional 1,058 shares during the last quarter. First Quadrant L P CA bought a new stake in Marriott International during the third quarter worth about $136,000. Grove Bank & Trust lifted its stake in Marriott International by 214.8% during the third quarter. Grove Bank & Trust now owns 1,231 shares of the company’s stock worth $136,000 after purchasing an additional 840 shares during the last quarter. Carroll Financial Associates Inc. lifted its stake in Marriott International by 175.6% during the third quarter. Carroll Financial Associates Inc. now owns 1,323 shares of the company’s stock worth $147,000 after purchasing an additional 843 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in Marriott International by 66.2% during the third quarter. Advisors Asset Management Inc. now owns 1,481 shares of the company’s stock worth $163,000 after purchasing an additional 590 shares during the last quarter. 66.68% of the stock is owned by institutional investors.
In related news, EVP Edward A. Ryan sold 6,550 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $120.40, for a total transaction of $788,620.00. Following the transaction, the executive vice president now owns 67,856 shares in the company, valued at approximately $8,169,862.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Argiris Kyriakidis sold 2,500 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $121.55, for a total value of $303,875.00. Following the transaction, the insider now owns 13,579 shares in the company, valued at approximately $1,650,527.45. The disclosure for this sale can be found here. In the last quarter, insiders sold 91,825 shares of company stock worth $11,886,720. Company insiders own 11.32% of the company’s stock.
Marriott International Inc (MAR) opened at $133.88 on Friday. The company has a market capitalization of $48,810.00, a PE ratio of 36.38, a PEG ratio of 2.27 and a beta of 1.35. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.83. Marriott International Inc has a twelve month low of $85.63 and a twelve month high of $149.21.
Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Tuesday, November 7th. The company reported $1.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.12. The firm had revenue of $5.66 billion for the quarter, compared to the consensus estimate of $5.22 billion. Marriott International had a return on equity of 31.58% and a net margin of 6.30%. The company’s quarterly revenue was up 43.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.91 earnings per share. research analysts expect that Marriott International Inc will post 4.24 EPS for the current year.
Marriott International declared that its Board of Directors has initiated a share repurchase plan on Thursday, November 9th that allows the company to buyback 30,000,000 outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.
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Marriott International 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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