Voloridge Investment Management LLC grew its holdings in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 11.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 624,782 shares of the company's stock after buying an additional 62,286 shares during the quarter. Marriott International accounts for about 0.6% of Voloridge Investment Management LLC's investment portfolio, making the stock its 17th largest holding. Voloridge Investment Management LLC owned about 0.22% of Marriott International worth $174,277,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in MAR. Hopwood Financial Services Inc. acquired a new stake in Marriott International in the fourth quarter worth $25,000. Bernard Wealth Management Corp. bought a new stake in shares of Marriott International during the fourth quarter valued at about $25,000. Bell Investment Advisors Inc raised its stake in shares of Marriott International by 112.2% during the fourth quarter. Bell Investment Advisors Inc now owns 104 shares of the company's stock valued at $29,000 after purchasing an additional 55 shares in the last quarter. Sound Income Strategies LLC raised its stake in shares of Marriott International by 494.4% during the fourth quarter. Sound Income Strategies LLC now owns 107 shares of the company's stock valued at $30,000 after purchasing an additional 89 shares in the last quarter. Finally, Wingate Wealth Advisors Inc. bought a new stake in shares of Marriott International during the fourth quarter valued at about $33,000. 70.70% of the stock is owned by institutional investors and hedge funds.
Marriott International Trading Down 0.0%
Shares of NASDAQ MAR opened at $273.19 on Tuesday. Marriott International, Inc. has a one year low of $204.55 and a one year high of $307.52. The business has a 50-day moving average price of $239.74 and a two-hundred day moving average price of $266.88. The firm has a market capitalization of $74.83 billion, a PE ratio of 32.84, a PEG ratio of 3.42 and a beta of 1.39.
Marriott International (NASDAQ:MAR - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $2.32 earnings per share for the quarter, topping analysts' consensus estimates of $2.25 by $0.07. Marriott International had a negative return on equity of 116.67% and a net margin of 9.46%. The company had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.19 billion. During the same period last year, the business earned $2.13 EPS. The business's quarterly revenue was up 4.8% on a year-over-year basis. Research analysts anticipate that Marriott International, Inc. will post 10.1 EPS for the current year.
Marriott International Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 23rd will be paid a dividend of $0.67 per share. The ex-dividend date is Friday, May 23rd. This is an increase from Marriott International's previous quarterly dividend of $0.63. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.98%. Marriott International's dividend payout ratio (DPR) is 30.52%.
Insider Transactions at Marriott International
In related news, CFO Kathleen K. Oberg sold 14,498 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $278.07, for a total value of $4,031,458.86. Following the transaction, the chief financial officer now directly owns 14,282 shares of the company's stock, valued at approximately $3,971,395.74. This trade represents a 50.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider William P. Brown sold 12,642 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $285.63, for a total value of $3,610,934.46. Following the completion of the transaction, the insider now directly owns 30,919 shares in the company, valued at $8,831,393.97. The trade was a 29.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,694 shares of company stock valued at $9,208,342 in the last three months. Corporate insiders own 10.68% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on MAR. Melius Research raised Marriott International to a "strong-buy" rating in a report on Monday, April 21st. Barclays lowered their target price on Marriott International from $283.00 to $236.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Stifel Nicolaus lowered their target price on Marriott International from $295.00 to $240.00 and set a "hold" rating on the stock in a report on Wednesday, April 16th. Robert W. Baird lifted their target price on Marriott International from $250.00 to $265.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Finally, Dbs Bank upgraded Marriott International from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 14th. Thirteen investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $276.60.
View Our Latest Stock Report on Marriott International
Marriott International Profile
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Free Report)
Marriott International, Inc engages in operating, franchising, and licensing hotel, residential, timeshare, and other lodging properties worldwide. It operates its properties under the JW Marriott, The Ritz-Carlton, The Luxury Collection, W Hotels, St. Regis, EDITION, Bvlgari, Marriott Hotels, Sheraton, Westin, Autograph Collection, Renaissance Hotels, Le Méridien, Delta Hotels by Marriott, Tribute Portfolio, Gaylord Hotels, Design Hotels, Marriott Executive Apartments, Apartments by Marriott Bonvoy, Courtyard by Marriott, Fairfield by Marriott, Residence Inn by Marriott, SpringHill Suites by Marriott, Four Points by Sheraton, TownePlace Suites by Marriott, Aloft Hotels, AC Hotels by Marriott, Moxy Hotels, Element Hotels, Protea Hotels by Marriott, City Express by Marriott, and St.
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