Marriott International (MAR) Stake Increased by IFP Advisors Inc
IFP Advisors Inc grew its holdings in Marriott International (NASDAQ:MAR) by 17.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,911 shares of the company’s stock after buying an additional 1,964 shares during the quarter. IFP Advisors Inc’s holdings in Marriott International were worth $1,424,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Advisory Services Network LLC increased its position in shares of Marriott International by 1,490.1% in the second quarter. Advisory Services Network LLC now owns 1,129 shares of the company’s stock valued at $113,000 after buying an additional 1,058 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in shares of Marriott International in the first quarter worth approximately $115,000. Baker Ellis Asset Management LLC acquired a new stake in shares of Marriott International in the second quarter worth approximately $133,000. First Quadrant L P CA acquired a new stake in shares of Marriott International in the third quarter worth approximately $136,000. Finally, Carroll Financial Associates Inc. boosted its stake in shares of Marriott International by 175.6% in the third quarter. Carroll Financial Associates Inc. now owns 1,323 shares of the company’s stock worth $147,000 after acquiring an additional 843 shares during the last quarter. Institutional investors and hedge funds own 66.04% of the company’s stock.
Marriott International (MAR) opened at $121.55 on Friday. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.53 and a quick ratio of 0.53. The company has a market cap of $44.56 billion, a P/E 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 (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.11. The firm had revenue of $5.80 billion for 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 quarterly revenue was up 48.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.03 EPS. research analysts predict that Marriott International will post 4.14 earnings per share for the current year.
In related news, insider B. Marriott Marital Tr Juliana sold 30,000 shares of the business’s stock in a transaction 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 in the company, valued at approximately $49,310,576.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Anthony Capuano sold 13,736 shares of the business’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $107.78, for a total value of $1,480,466.08. Following the completion of the sale, the executive vice president now owns 42,669 shares in the company, valued at approximately $4,598,864.82. The disclosure for this sale can be found here. Insiders sold a total of 110,727 shares of company stock worth $11,339,600 in the last quarter. Company insiders own 11.32% of the company’s stock.
A number of brokerages have recently issued reports on MAR. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $113.00 price target (up from $111.00) on shares of Marriott International in a research note on Wednesday, August 9th. Berenberg Bank reaffirmed a “buy” rating and issued a $125.00 price target on shares of Marriott International in a research note on Friday, August 18th. BidaskClub raised Marriott International from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 8th. Stifel Nicolaus lifted their price target on Marriott International from $95.00 to $98.00 and gave the stock a “hold” rating in a research note on Tuesday, August 8th. Finally, Wolfe Research raised Marriott International from a “market perform” rating to an “outperform” rating in a research note on Wednesday, August 30th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $101.36.
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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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