Marriott International (MAR) Shares Bought by State Board of Administration of Florida Retirement System
State Board of Administration of Florida Retirement System lifted its stake in shares of Marriott International (NASDAQ:MAR) by 0.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 467,559 shares of the company’s stock after buying an additional 3,140 shares during the period. State Board of Administration of Florida Retirement System owned about 0.13% of Marriott International worth $51,553,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the company. Andra AP fonden grew its stake in shares of Marriott International by 6.0% in the third quarter. Andra AP fonden now owns 26,300 shares of the company’s stock worth $2,900,000 after purchasing an additional 1,500 shares during the last quarter. Edgestream Partners L.P. grew its stake in shares of Marriott International by 63.1% in the third quarter. Edgestream Partners L.P. now owns 8,452 shares of the company’s stock worth $932,000 after purchasing an additional 3,270 shares during the last quarter. IFP Advisors Inc grew its stake in shares of Marriott International by 17.9% in the third quarter. IFP Advisors Inc now owns 12,911 shares of the company’s stock worth $1,424,000 after purchasing an additional 1,964 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in shares of Marriott International by 125.0% in the third quarter. Canada Pension Plan Investment Board now owns 411,366 shares of the company’s stock worth $45,357,000 after purchasing an additional 228,538 shares during the last quarter. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of Marriott International in the third quarter worth $3,322,000. Institutional investors own 66.04% of the company’s stock.
Several analysts recently weighed in on MAR shares. Wolfe Research raised shares of Marriott International from a “market perform” rating to an “outperform” rating in a research note on Wednesday, August 30th. BidaskClub raised shares of Marriott International from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 12th. Berenberg Bank reissued a “buy” rating and issued a $125.00 price objective on shares of Marriott International in a research note on Friday, August 18th. J P Morgan Chase & Co reissued an “overweight” rating and issued a $113.00 price objective (up previously from $111.00) on shares of Marriott International in a research note on Wednesday, August 9th. Finally, Robert W. Baird reissued a “hold” rating and issued a $103.00 price objective on shares of Marriott International in a research note on Sunday, September 17th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $101.36.
In other news, insider Argiris Kyriakidis sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $107.84, for a total transaction of $323,520.00. Following the completion of the sale, the insider now owns 16,079 shares in the company, valued at $1,733,959.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider B. Marriott Marital Tr Juliana sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $99.84, for a total value of $2,995,200.00. Following the sale, the insider now owns 493,896 shares of the company’s stock, valued at approximately $49,310,576.64. The disclosure for this sale can be found here. Insiders sold 110,727 shares of company stock valued at $11,339,600 over the last three months. Corporate insiders own 11.32% of the company’s stock.
Marriott International (NASDAQ MAR) traded up $1.39 on Friday, hitting $121.55. 2,774,841 shares of the company were exchanged, compared to its average volume of 2,034,858. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.53 and a current ratio of 0.53. The company has a market cap of $44.56 billion, a price-to-earnings ratio of 30.68, a price-to-earnings-growth ratio of 3.15 and a beta of 1.34.
Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Monday, August 7th. The company reported $1.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.11. The business had revenue of $5.80 billion during the quarter, compared to the consensus estimate of $5.73 billion. Marriott International had a return on equity of 26.26% and a net margin of 5.27%. The company’s revenue was up 48.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.03 earnings per share. equities research analysts expect that Marriott International will post 4.14 EPS for the current year.
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About Marriott International
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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