Natixis Advisors L.P. Acquires 2,247 Shares of Marriott International Inc (NASDAQ:MAR)
Natixis Advisors L.P. lifted its holdings in shares of Marriott International Inc (NASDAQ:MAR) by 8.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 28,547 shares of the company’s stock after purchasing an additional 2,247 shares during the period. Natixis Advisors L.P.’s holdings in Marriott International were worth $4,005,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP boosted its holdings in Marriott International by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 874,667 shares of the company’s stock valued at $94,950,000 after acquiring an additional 14,624 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Marriott International by 13.4% in the fourth quarter. Geode Capital Management LLC now owns 3,794,287 shares of the company’s stock valued at $411,201,000 after acquiring an additional 448,325 shares during the last quarter. First Allied Advisory Services Inc. boosted its holdings in Marriott International by 4.1% in the first quarter. First Allied Advisory Services Inc. now owns 3,618 shares of the company’s stock valued at $460,000 after acquiring an additional 144 shares during the last quarter. Cetera Investment Advisers boosted its holdings in Marriott International by 19.4% in the first quarter. Cetera Investment Advisers now owns 3,178 shares of the company’s stock valued at $399,000 after acquiring an additional 517 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in Marriott International by 4.6% in the first quarter. CIBC Asset Management Inc now owns 45,987 shares of the company’s stock valued at $5,753,000 after acquiring an additional 2,021 shares during the last quarter. Institutional investors own 63.23% of the company’s stock.
In other news, Director George Munoz sold 4,866 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $133.61, for a total transaction of $650,146.26. Following the sale, the director now owns 6,754 shares of the company’s stock, valued at $902,401.94. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Craig S. Smith sold 14,915 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $128.20, for a total value of $1,912,103.00. Following the sale, the insider now directly owns 18,062 shares in the company, valued at approximately $2,315,548.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 72,773 shares of company stock worth $9,781,621. 12.60% of the stock is currently owned by insiders.
NASDAQ:MAR traded up $2.19 during mid-day trading on Friday, hitting $134.70. The company had a trading volume of 207,015 shares, compared to its average volume of 1,545,213. Marriott International Inc has a fifty-two week low of $100.62 and a fifty-two week high of $144.24. The business’s fifty day moving average is $131.01 and its two-hundred day moving average is $131.63. The company has a debt-to-equity ratio of 8.93, a quick ratio of 0.51 and a current ratio of 0.51. The firm has a market cap of $43.37 billion, a P/E ratio of 21.69, a P/E/G ratio of 2.95 and a beta of 1.28.
Marriott International (NASDAQ:MAR) last released its earnings results on Monday, August 5th. The company reported $1.56 earnings per share for the quarter, meeting the consensus estimate of $1.56. The firm had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.50 billion. Marriott International had a return on equity of 113.75% and a net margin of 6.81%. The company’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.73 earnings per share. Equities analysts forecast that Marriott International Inc will post 6.03 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Thursday, August 22nd will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date is Wednesday, August 21st. Marriott International’s dividend payout ratio is currently 30.92%.
Marriott International Company Profile
Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through North American Full-Service, North American Limited-Service, and Asia Pacific segments. It operates its properties under the JW Marriott, The Ritz-Carlton, Ritz-Carlton Reserve, W Hotels, The Luxury Collection, St.
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