Asahi Life Asset Management CO. LTD. bought a new position in shares of Marriott International Inc (NASDAQ:MAR) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 4,160 shares of the company’s stock, valued at approximately $520,000.
Several other hedge funds also recently made changes to their positions in MAR. Signature Wealth Management Group raised its stake in Marriott International by 2.3% in the 4th quarter. Signature Wealth Management Group now owns 4,529 shares of the company’s stock worth $492,000 after purchasing an additional 101 shares in the last quarter. Proficio Capital Partners LLC raised its stake in Marriott International by 93.7% in 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. Opera Trading Capital acquired a new stake in Marriott International in the 4th quarter worth about $152,000. UMB Bank N A MO raised its stake in Marriott International by 3.0% in the 4th quarter. UMB Bank N A MO now owns 179,642 shares of the company’s stock worth $19,501,000 after purchasing an additional 5,291 shares in the last quarter. Finally, Lincoln Capital LLC raised its stake in Marriott International by 101.8% in the 1st quarter. Lincoln Capital LLC now owns 6,467 shares of the company’s stock worth $809,000 after purchasing an additional 3,262 shares in the last quarter. 67.36% of the stock is owned by institutional investors and hedge funds.
Several analysts have weighed in on MAR shares. BidaskClub cut shares of Marriott International from a “buy” rating to a “hold” rating in a research note on Saturday, January 19th. Deutsche Bank reiterated a “hold” rating and issued a $123.00 price objective on shares of Marriott International in a research note on Monday, March 4th. Zacks Investment Research upgraded shares of Marriott International from a “sell” rating to a “hold” rating in a research note on Wednesday, March 6th. SunTrust Banks lifted their price objective on shares of Marriott International to $137.00 and gave the stock a “positive” rating in a research note on Monday, March 4th. Finally, Barclays lifted their price objective on shares of Marriott International to $135.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 5th. They noted that the move was a valuation call. Ten equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $136.29.
Shares of NASDAQ:MAR opened at $131.83 on Thursday. The company has a market capitalization of $41.96 billion, a PE ratio of 21.23, a PEG ratio of 1.94 and a beta of 1.23. The company has a quick ratio of 0.42, a current ratio of 0.47 and a debt-to-equity ratio of 6.81. Marriott International Inc has a 12 month low of $100.62 and a 12 month high of $142.19.
Marriott International (NASDAQ:MAR) last issued its earnings results on Friday, May 10th. The company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.34 by $0.07. The company had revenue of $5.01 billion during the quarter, compared to analysts’ expectations of $5.16 billion. Marriott International had a net margin of 8.62% and a return on equity of 97.68%. The business’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.34 EPS. As a group, research analysts expect that Marriott International Inc will post 6.03 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 24th will be given a $0.48 dividend. The ex-dividend date is Thursday, May 23rd. This is a boost from Marriott International’s previous quarterly dividend of $0.41. This represents a $1.92 annualized dividend and a dividend yield of 1.46%. Marriott International’s payout ratio is presently 26.41%.
Marriott International 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.
Read More: How is a Moving Average Calculated?
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.