Heritage Investors Management Corp Sells 2,143 Shares of Marriott International Inc (MAR)
Heritage Investors Management Corp lowered its holdings in shares of Marriott International Inc (NASDAQ:MAR) by 0.8% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 280,700 shares of the company’s stock after selling 2,143 shares during the period. Marriott International accounts for approximately 2.1% of Heritage Investors Management Corp’s holdings, making the stock its 5th largest position. Heritage Investors Management Corp’s holdings in Marriott International were worth $35,113,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Triad Investment Management acquired a new position in shares of Marriott International in the first quarter valued at about $769,000. Private Trust Co. NA increased its stake in Marriott International by 3.3% during the 1st quarter. Private Trust Co. NA now owns 3,581 shares of the company’s stock worth $447,000 after acquiring an additional 116 shares during the period. Boltwood Capital Management bought a new position in Marriott International during the 1st quarter worth $213,000. Donaldson Capital Management LLC raised its holdings in Marriott International by 8.2% in the 1st quarter. Donaldson Capital Management LLC now owns 32,405 shares of the company’s stock valued at $4,054,000 after acquiring an additional 2,459 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in shares of Marriott International by 12.7% during the 4th quarter. Deutsche Bank AG now owns 927,506 shares of the company’s stock valued at $100,681,000 after acquiring an additional 104,634 shares during the period. 66.85% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have commented on MAR. Cowen restated a “buy” rating and set a $150.00 price objective on shares of Marriott International in a research report on Tuesday, February 26th. BidaskClub upgraded Marriott International from a “hold” rating to a “buy” rating in a research note on Friday. Berenberg Bank restated a “buy” rating and set a $140.00 price objective on shares of Marriott International in a research report on Tuesday, March 5th. Morgan Stanley set a $117.00 price objective on Marriott International and gave the company a “hold” rating in a research note on Thursday, March 28th. Finally, Barclays lifted their target price on Marriott International to $135.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 5th. They noted that the move was a valuation call. Ten investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $135.29.
Shares of Marriott International stock traded down $2.26 during midday trading on Tuesday, reaching $132.65. The company had a trading volume of 1,546,113 shares, compared to its average volume of 2,096,681. Marriott International Inc has a fifty-two week low of $100.62 and a fifty-two week high of $142.19. The firm has a market cap of $45.54 billion, a P/E ratio of 21.36, a P/E/G ratio of 2.04 and a beta of 1.22. The company has a debt-to-equity ratio of 3.83, a current ratio of 0.42 and a quick ratio of 0.42.
Marriott International (NASDAQ:MAR) last released its earnings results on Thursday, February 28th. The company reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.40 by $0.04. Marriott International had a net margin of 8.74% and a return on equity of 80.36%. The business had revenue of $5.29 billion during the quarter, compared to the consensus estimate of $5.61 billion. During the same quarter in the prior year, the firm posted $1.12 EPS. Equities analysts anticipate that Marriott International Inc will post 6.05 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 1st were given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend was Thursday, February 28th. Marriott International’s dividend payout ratio (DPR) is presently 26.41%.
Marriott International 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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