Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of Marriott International Inc (NASDAQ:MAR) by 1,198.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 50,381 shares of the company’s stock after buying an additional 46,500 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Marriott International were worth $6,838,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in MAR. Valeo Financial Advisors LLC increased its holdings in Marriott International by 367.1% during the 4th quarter. Valeo Financial Advisors LLC now owns 738 shares of the company’s stock worth $100,000 after purchasing an additional 580 shares during the last quarter. Grove Bank & Trust increased its holdings in Marriott International by 214.8% during the 3rd quarter. Grove Bank & Trust now owns 1,231 shares of the company’s stock worth $136,000 after purchasing an additional 840 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in Marriott International by 66.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,481 shares of the company’s stock worth $163,000 after purchasing an additional 590 shares during the last quarter. KCS Wealth Advisory purchased a new stake in Marriott International during the 4th quarter worth approximately $201,000. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Marriott International during the 4th quarter worth approximately $204,000. Institutional investors and hedge funds own 64.83% of the company’s stock.
In related news, Director Susan C. Schwab acquired 250 shares of Marriott International stock in a transaction that occurred on Thursday, February 22nd. The stock was acquired at an average price of $141.47 per share, for a total transaction of $35,367.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider David A. Rodriguez sold 7,600 shares of the business’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $133.09, for a total value of $1,011,484.00. Following the transaction, the insider now owns 13,624 shares of the company’s stock, valued at approximately $1,813,218.16. The disclosure for this sale can be found here. Insiders have sold a total of 132,547 shares of company stock valued at $18,260,368 in the last 90 days. Insiders own 11.32% of the company’s stock.
Marriott International Inc (NASDAQ MAR) opened at $143.29 on Friday. The company has a market capitalization of $52,240.00, a P/E ratio of 27.66, a PEG ratio of 2.47 and a beta of 1.35. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.46 and a quick ratio of 0.46. Marriott International Inc has a 12-month low of $86.03 and a 12-month high of $149.21.
Marriott International (NASDAQ:MAR) last issued its earnings results on Wednesday, February 14th. The company reported $1.12 EPS for the quarter, topping the consensus estimate of $1.00 by $0.12. Marriott International had a return on equity of 36.15% and a net margin of 5.99%. The company had revenue of $5.88 billion during the quarter, compared to analyst estimates of $5.61 billion. During the same quarter last year, the firm earned $0.85 EPS. The business’s revenue was up 7.7% on a year-over-year basis. research analysts expect that Marriott International Inc will post 5.33 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, February 23rd will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $1.32 dividend on an annualized basis and a yield of 0.92%. Marriott International’s dividend payout ratio is currently 25.48%.
Marriott International Profile
Marriott International, Inc (Marriott International) is a lodging company. Marriott International operates in three business segments: North American Full-Service, North American Limited-Service and International. Its North American Full-Service segment includes its Luxury and Premium brands (JW Marriott, Marriott Hotels, Sheraton, Westin, Renaissance Hotels, Le Meridien, Autograph Collection Hotels, Delta Hotels, Gaylord Hotels, and Tribute Portfolio) located in the United States and Canada.
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