Profund Advisors LLC increased its stake in Marriott International Inc (NASDAQ:MAR) by 7.1% during the fourth quarter, Holdings Channel reports. The firm owned 29,412 shares of the company’s stock after acquiring an additional 1,937 shares during the period. Profund Advisors LLC’s holdings in Marriott International were worth $4,454,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Massachusetts Financial Services Co. MA boosted its stake in Marriott International by 17.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 9,550,731 shares of the company’s stock valued at $1,446,269,000 after buying an additional 1,444,875 shares in the last quarter. Capital World Investors boosted its stake in shares of Marriott International by 2.6% during the fourth quarter. Capital World Investors now owns 8,589,568 shares of the company’s stock valued at $1,300,718,000 after purchasing an additional 214,793 shares in the last quarter. FMR LLC boosted its stake in shares of Marriott International by 13.3% during the fourth quarter. FMR LLC now owns 2,888,256 shares of the company’s stock valued at $437,369,000 after purchasing an additional 338,461 shares in the last quarter. Markel Corp boosted its stake in shares of Marriott International by 0.7% during the fourth quarter. Markel Corp now owns 1,585,269 shares of the company’s stock valued at $240,057,000 after purchasing an additional 11,000 shares in the last quarter. Finally, Loomis Sayles & Co. L P boosted its stake in shares of Marriott International by 47.3% during the fourth quarter. Loomis Sayles & Co. L P now owns 1,563,234 shares of the company’s stock valued at $236,721,000 after purchasing an additional 502,124 shares in the last quarter. Institutional investors own 61.88% of the company’s stock.
MAR has been the topic of a number of recent research reports. ValuEngine raised Marriott International from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. Cfra cut their price target on Marriott International from $132.00 to $125.00 and set a “hold” rating on the stock in a research note on Friday, February 28th. Barclays reissued a “hold” rating and set a $97.00 price target on shares of Marriott International in a research note on Wednesday, March 18th. Nomura cut their price target on Marriott International from to in a research note on Friday, March 13th. Finally, Morgan Stanley lifted their price target on Marriott International from $135.00 to $136.00 and gave the company an “equal weight” rating in a research note on Monday, March 2nd. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $132.18.
Marriott International (NASDAQ:MAR) last issued its earnings results on Wednesday, February 26th. The company reported $1.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.46 by $0.11. The business had revenue of $5.37 billion during the quarter, compared to the consensus estimate of $5.52 billion. Marriott International had a return on equity of 181.84% and a net margin of 6.07%. As a group, sell-side analysts forecast that Marriott International Inc will post 5.28 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, February 28th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $1.92 dividend on an annualized basis and a yield of 2.32%. Marriott International’s payout ratio is currently 32.00%.
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.
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