Marriott International Inc (MAR) Shares Bought by Millennium Management LLC

Millennium Management LLC lifted its position in shares of Marriott International Inc (NASDAQ:MAR) by 119.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 212,343 shares of the company’s stock after acquiring an additional 115,666 shares during the quarter. Millennium Management LLC’s holdings in Marriott International were worth $28,821,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. New York State Common Retirement Fund raised its position in shares of Marriott International by 0.9% during the 3rd quarter. New York State Common Retirement Fund now owns 1,107,020 shares of the company’s stock worth $122,060,000 after purchasing an additional 10,300 shares during the last quarter. Advisors Asset Management Inc. raised its position in shares of 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. Ameriprise Financial Inc. raised its position in shares of Marriott International by 32.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,246,262 shares of the company’s stock worth $137,414,000 after purchasing an additional 308,279 shares during the last quarter. TD Asset Management Inc. raised its position in shares of Marriott International by 5.9% during the 3rd quarter. TD Asset Management Inc. now owns 455,594 shares of the company’s stock worth $50,234,000 after purchasing an additional 25,504 shares during the last quarter. Finally, Nordea Investment Management AB raised its position in shares of Marriott International by 16.5% during the 3rd quarter. Nordea Investment Management AB now owns 155,603 shares of the company’s stock worth $17,157,000 after purchasing an additional 22,085 shares during the last quarter. 65.69% of the stock is currently owned by institutional investors and hedge funds.

How to Become a New Pot Stock Millionaire

MAR has been the subject of several research reports. Zacks Investment Research upgraded Marriott International from a “hold” rating to a “buy” rating and set a $158.00 price objective for the company in a research report on Friday, January 19th. Morgan Stanley restated a “buy” rating on shares of Marriott International in a research report on Friday, December 8th. ValuEngine upgraded Marriott International from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Barclays boosted their price target on Marriott International from $105.00 to $130.00 and gave the company an “equal weight” rating in a report on Tuesday, November 28th. Finally, Deutsche Bank reiterated a “hold” rating and issued a $124.00 price target on shares of Marriott International in a report on Wednesday, December 6th. Nine investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Marriott International presently has a consensus rating of “Buy” and a consensus target price of $124.41.

Marriott International Inc (NASDAQ MAR) opened at $133.76 on Monday. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 2.10. The firm has a market capitalization of $47,738.91, a price-to-earnings ratio of 37.16, a price-to-earnings-growth ratio of 2.38 and a beta of 1.35. Marriott International Inc has a twelve month low of $90.00 and a twelve month high of $149.21.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Wednesday, February 14th. The company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.12. The business had revenue of $5.88 billion during the quarter, compared to the consensus estimate of $5.61 billion. Marriott International had a return on equity of 36.15% and a net margin of 5.99%. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.85 EPS. equities research analysts anticipate that Marriott International Inc will post 5.33 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, February 23rd will be issued 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 dividend yield of 0.99%. Marriott International’s payout ratio is 36.67%.

In other news, insider Craig S. Smith sold 14,422 shares of the company’s stock in a transaction on Tuesday, March 20th. The stock was sold at an average price of $140.80, for a total transaction of $2,030,617.60. Following the completion of the sale, the insider now directly owns 34,899 shares in the company, valued at approximately $4,913,779.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Deborah Marriott Harrison sold 80,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $140.94, for a total value of $11,275,200.00. Following the sale, the insider now owns 116,092 shares of the company’s stock, valued at $16,362,006.48. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 107,102 shares of company stock valued at $15,041,164. Insiders own 11.32% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Marriott International Inc (MAR) Shares Bought by Millennium Management LLC” was originally posted by Ticker Report and is owned by of Ticker Report. If you are accessing this piece on another domain, it was stolen and republished in violation of United States and international copyright laws. The correct version of this piece can be viewed at https://www.tickerreport.com/banking-finance/3302195/marriott-international-inc-mar-shares-bought-by-millennium-management-llc.html.

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.

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).

Institutional Ownership by Quarter for Marriott International (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.

Latest News

Harris  and FLIR Systems  Critical Comparison
Harris and FLIR Systems Critical Comparison
Brink’s  Releases FY18 Earnings Guidance
Brink’s Releases FY18 Earnings Guidance
Accelerate Diagnostics  versus Horiba  Critical Comparison
Accelerate Diagnostics versus Horiba Critical Comparison
Analysts Anticipate Radware  Will Post Earnings of $0.05 Per Share
Analysts Anticipate Radware Will Post Earnings of $0.05 Per Share
Zacks: Brokerages Expect Columbia Banking System, Inc.  Will Announce Quarterly Sales of $142.70 Million
Zacks: Brokerages Expect Columbia Banking System, Inc. Will Announce Quarterly Sales of $142.70 Million
Zacks: Analysts Expect Hydrogenics  Will Post Quarterly Sales of $10.20 Million
Zacks: Analysts Expect Hydrogenics Will Post Quarterly Sales of $10.20 Million


© 2006-2018 Ticker Report. Google+.