New York State Common Retirement Fund cut its position in Marriott International Inc (NASDAQ:MAR) by 0.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,015,930 shares of the company’s stock after selling 5,800 shares during the quarter. New York State Common Retirement Fund’s holdings in Marriott International were worth $127,083,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MAR. Zeke Capital Advisors LLC lifted its position in shares of Marriott International by 1.4% during the 1st quarter. Zeke Capital Advisors LLC now owns 5,291 shares of the company’s stock valued at $662,000 after acquiring an additional 75 shares during the period. Wedbush Securities Inc. lifted its position in shares of Marriott International by 5.1% during the 4th quarter. Wedbush Securities Inc. now owns 2,048 shares of the company’s stock valued at $222,000 after acquiring an additional 100 shares during the period. Duncker Streett & Co. Inc. lifted its position in shares of Marriott International by 2.3% during the 1st quarter. Duncker Streett & Co. Inc. now owns 4,498 shares of the company’s stock valued at $563,000 after acquiring an additional 100 shares during the period. Signature Wealth Management Group lifted its position in shares of Marriott International by 2.3% during the 4th quarter. Signature Wealth Management Group now owns 4,529 shares of the company’s stock worth $492,000 after buying an additional 101 shares during the last quarter. Finally, First Manhattan Co. lifted its position in shares of Marriott International by 21.8% during the 1st quarter. First Manhattan Co. now owns 570 shares of the company’s stock worth $71,000 after buying an additional 102 shares during the last quarter. Institutional investors and hedge funds own 67.36% of the company’s stock.
A number of equities analysts have issued reports on the company. Wells Fargo & Co upped their target price on Marriott International from $123.00 to $141.00 and gave the stock a “market perform” rating in a report on Wednesday, April 24th. BidaskClub raised Marriott International from a “hold” rating to a “buy” rating in a research note on Friday, April 5th. Cowen reaffirmed a “buy” rating and set a $150.00 target price on shares of Marriott International in a research note on Tuesday, February 26th. Zacks Investment Research raised Marriott International from a “sell” rating to a “hold” rating in a research note on Wednesday, March 6th. Finally, SunTrust Banks raised their target price on Marriott International to $137.00 and gave the stock a “positive” rating in a research note on Monday, March 4th. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $134.85.
Shares of MAR opened at $128.89 on Monday. The company has a debt-to-equity ratio of 6.81, a current ratio of 0.47 and a quick ratio of 0.42. The company has a market cap of $43.59 billion, a P/E ratio of 20.76, a price-to-earnings-growth ratio of 2.87 and a beta of 1.23. 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 quarterly earnings results on Friday, May 10th. The company reported $1.41 EPS for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.07. The company had revenue of $5.01 billion during the quarter, compared to the consensus estimate of $5.16 billion. Marriott International had a return on equity of 97.68% and a net margin of 8.62%. Marriott International’s revenue was up .1% on a year-over-year basis. During the same period last year, the business posted $1.34 earnings per share. On average, equities research analysts predict that Marriott International Inc will post 6.09 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 24th 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 1.49%. This is an increase from Marriott International’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Thursday, May 23rd. Marriott International’s dividend payout ratio (DPR) is presently 26.41%.
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.
Featured Story: What is the return on assets (ROA) ratio?
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.