Vigilant Capital Management LLC Increases Holdings in Marriott International Inc (MAR)
Vigilant Capital Management LLC grew its holdings in shares of Marriott International Inc (NASDAQ:MAR) by 1.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 118,755 shares of the company’s stock after purchasing an additional 2,064 shares during the quarter. Marriott International makes up about 2.1% of Vigilant Capital Management LLC’s portfolio, making the stock its 18th biggest holding. Vigilant Capital Management LLC’s holdings in Marriott International were worth $14,855,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Proficio Capital Partners LLC boosted its position in shares of Marriott International by 93.7% during the 4th quarter. Proficio Capital Partners LLC now owns 308 shares of the company’s stock worth $33,000 after purchasing an additional 149 shares in the last quarter. Clean Yield Group acquired a new position in shares of Marriott International in the fourth quarter valued at about $41,000. Bessemer Group Inc. increased its position in Marriott International by 532.8% during the fourth quarter. Bessemer Group Inc. now owns 386 shares of the company’s stock worth $42,000 after acquiring an additional 325 shares during the period. Lindbrook Capital LLC bought a new stake in Marriott International in the 4th quarter valued at about $42,000. Finally, Hanseatic Management Services Inc. grew its position in shares of Marriott International by 51.9% during the 4th quarter. Hanseatic Management Services Inc. now owns 433 shares of the company’s stock worth $47,000 after purchasing an additional 148 shares in the last quarter. 66.85% of the stock is currently owned by institutional investors.
In other news, EVP Anthony Capuano sold 44,594 shares of the stock in a transaction that occurred on Friday, March 29th. The shares were sold at an average price of $125.13, for a total transaction of $5,580,047.22. Following the completion of the transaction, the executive vice president now directly owns 62,192 shares of the company’s stock, valued at approximately $7,782,084.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Craig S. Smith sold 16,743 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $120.35, for a total transaction of $2,015,020.05. Following the sale, the insider now owns 7,754 shares of the company’s stock, valued at approximately $933,193.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 136,730 shares of company stock valued at $16,924,619. Insiders own 12.99% of the company’s stock.
Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Thursday, February 28th. The company reported $1.44 EPS for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.04. The business had revenue of $5.29 billion for the quarter, compared to analyst estimates of $5.61 billion. Marriott International had a return on equity of 80.36% and a net margin of 8.74%. During the same period last year, the company posted $1.12 earnings per share. On average, research analysts expect that Marriott International Inc will post 6.05 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 1st were paid a $0.41 dividend. The ex-dividend date of this dividend was Thursday, February 28th. This represents a $1.64 dividend on an annualized basis and a yield of 1.24%. Marriott International’s dividend payout ratio (DPR) is presently 26.41%.
MAR has been the subject of a number of analyst reports. Morgan Stanley set a $117.00 price target on shares of Marriott International and gave the company a “hold” rating in a research report on Thursday, March 28th. BidaskClub raised Marriott International from a “hold” rating to a “buy” rating in a report on Friday. Zacks Investment Research upgraded Marriott International from a “sell” rating to a “hold” rating in a report on Wednesday, March 6th. Cowen restated a “buy” rating and issued a $150.00 target price on shares of Marriott International in a report on Tuesday, February 26th. Finally, Deutsche Bank reaffirmed a “hold” rating and set a $123.00 target price on shares of Marriott International in a research report on Monday, March 4th. Ten analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $135.29.
COPYRIGHT VIOLATION NOTICE: “Vigilant Capital Management LLC Increases Holdings in Marriott International Inc (MAR)” was first posted by Watch List News and is owned by of Watch List News. If you are viewing this article on another website, it was copied illegally and reposted in violation of United States and international copyright laws. The correct version of this article can be accessed at https://www.watchlistnews.com/vigilant-capital-management-llc-increases-holdings-in-marriott-international-inc-mar/2951384.html.
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.
See Also: How to Trade Using Analysts Ratings
Want to see what other hedge funds are holding MAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marriott International Inc (NASDAQ:MAR).
Receive News & Ratings for Marriott International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marriott International and related companies with MarketBeat.com's FREE daily email newsletter.