Abner Herrman & Brock LLC boosted its stake in Marriott International Inc (NASDAQ:MAR) by 3.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 176,800 shares of the company’s stock after acquiring an additional 6,413 shares during the period. Marriott International accounts for approximately 3.3% of Abner Herrman & Brock LLC’s holdings, making the stock its 6th biggest holding. Abner Herrman & Brock LLC owned 0.05% of Marriott International worth $23,343,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in the stock. West Coast Financial LLC purchased a new position in Marriott International during the third quarter valued at $5,010,000. Cornerstone Wealth Management LLC lifted its position in Marriott International by 3.9% during the third quarter. Cornerstone Wealth Management LLC now owns 35,632 shares of the company’s stock valued at $316,000 after buying an additional 1,353 shares during the period. TIAA FSB lifted its position in Marriott International by 50.7% during the third quarter. TIAA FSB now owns 18,728 shares of the company’s stock valued at $2,473,000 after buying an additional 6,299 shares during the period. TRUE Private Wealth Advisors lifted its position in Marriott International by 12.7% during the third quarter. TRUE Private Wealth Advisors now owns 8,011 shares of the company’s stock valued at $1,058,000 after buying an additional 900 shares during the period. Finally, Fiduciary Group LLC purchased a new position in Marriott International during the third quarter valued at $376,000. Institutional investors and hedge funds own 61.84% of the company’s stock.
In other Marriott International news, Director Frederick A. Henderson purchased 1,640 shares of the company’s stock in a transaction on Thursday, August 9th. The stock was acquired at an average cost of $120.84 per share, for a total transaction of $198,177.60. Following the purchase, the director now directly owns 1,640 shares of the company’s stock, valued at approximately $198,177.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 12.99% of the company’s stock.
Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Monday, August 6th. The company reported $1.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.36 by $0.37. The company had revenue of $5.35 billion during the quarter, compared to the consensus estimate of $5.90 billion. Marriott International had a return on equity of 52.81% and a net margin of 7.31%. The firm’s revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.13 EPS. Research analysts anticipate that Marriott International Inc will post 5.88 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Thursday, August 23rd were paid a dividend of $0.41 per share. The ex-dividend date of this dividend was Wednesday, August 22nd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.46%. Marriott International’s dividend payout ratio (DPR) is presently 37.61%.
MAR has been the subject of several recent analyst reports. BidaskClub lowered Marriott International from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 22nd. Zacks Investment Research lowered Marriott International from a “hold” rating to a “sell” rating in a research report on Wednesday, July 18th. Morgan Stanley lowered Marriott International from an “overweight” rating to an “equal” rating and set a $129.00 price target for the company. in a research report on Tuesday, July 24th. ValuEngine lowered Marriott International from a “buy” rating to a “hold” rating in a research report on Wednesday, August 8th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $135.00 price target on shares of Marriott International in a research report on Wednesday, August 8th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $144.58.
Marriott International Company Profile
Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through three segments: North American Full-Service, North American Limited-Service, and Asia Pacific. It operates its properties under the JW Marriott, The Ritz-Carlton, W Hotels, The Luxury Collection, St.
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