IHT Wealth Management LLC Has $2.44 Million Stake in Marriott International, Inc. (NASDAQ:MAR)

IHT Wealth Management LLC reduced its position in shares of Marriott International, Inc. (NASDAQ:MARGet Rating) by 2.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,758 shares of the company’s stock after selling 415 shares during the period. IHT Wealth Management LLC’s holdings in Marriott International were worth $2,439,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the stock. Jennison Associates LLC increased its holdings in Marriott International by 40.1% in the 4th quarter. Jennison Associates LLC now owns 3,800,873 shares of the company’s stock worth $628,056,000 after purchasing an additional 1,087,753 shares in the last quarter. Neuberger Berman Group LLC raised its stake in Marriott International by 55.8% during the 3rd quarter. Neuberger Berman Group LLC now owns 1,845,884 shares of the company’s stock worth $271,635,000 after buying an additional 661,053 shares during the period. Invesco Ltd. raised its stake in Marriott International by 32.7% during the 4th quarter. Invesco Ltd. now owns 2,633,569 shares of the company’s stock worth $435,170,000 after buying an additional 648,663 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Marriott International by 9.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,494,326 shares of the company’s stock worth $1,073,124,000 after purchasing an additional 548,671 shares during the last quarter. Finally, Crake Asset Management LLP increased its position in shares of Marriott International by 65.2% during the third quarter. Crake Asset Management LLP now owns 1,386,328 shares of the company’s stock valued at $205,301,000 after acquiring an additional 547,298 shares during the last quarter. 59.86% of the stock is owned by institutional investors and hedge funds.

Several analysts have weighed in on the company. Zacks Investment Research cut Marriott International from a “buy” rating to a “hold” rating and set a $200.00 price objective on the stock. in a research report on Thursday, April 21st. Loop Capital upped their target price on shares of Marriott International from $163.00 to $170.00 and gave the stock a “hold” rating in a report on Wednesday, February 16th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Marriott International from $150.00 to $164.00 and gave the company a “hold” rating in a research report on Wednesday, February 16th. TheStreet raised shares of Marriott International from a “c+” rating to a “b-” rating in a research report on Monday, March 21st. Finally, Morgan Stanley raised their target price on shares of Marriott International from $158.00 to $172.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 16th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $183.30.

In other Marriott International news, insider Craig S. Smith sold 3,647 shares of the firm’s stock in a transaction dated Thursday, April 28th. The stock was sold at an average price of $185.00, for a total transaction of $674,695.00. Following the transaction, the insider now owns 19,252 shares in the company, valued at $3,561,620. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider William P. Brown sold 581 shares of the firm’s stock in a transaction dated Friday, March 25th. The stock was sold at an average price of $171.34, for a total value of $99,548.54. The disclosure for this sale can be found here. 12.21% of the stock is owned by insiders.

MAR stock traded up $2.29 during trading on Friday, hitting $172.46. The company had a trading volume of 37,330 shares, compared to its average volume of 2,546,348. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 4.93. The business has a 50 day moving average of $171.54 and a 200 day moving average of $165.16. Marriott International, Inc. has a fifty-two week low of $127.23 and a fifty-two week high of $195.90. The firm has a market capitalization of $56.45 billion, a price-to-earnings ratio of 37.73 and a beta of 1.57.

Marriott International (NASDAQ:MARGet Rating) last posted its quarterly earnings data on Wednesday, May 4th. The company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.30. The firm had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $4.23 billion. Marriott International had a return on equity of 116.74% and a net margin of 9.45%. The business’s revenue for the quarter was up 81.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.10 EPS. As a group, equities analysts predict that Marriott International, Inc. will post 5.97 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Monday, May 16th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, May 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.70%. Marriott International’s dividend payout ratio (DPR) is presently 26.61%.

Marriott International Profile (Get Rating)

Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through U.S. and Canada, and International 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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Institutional Ownership by Quarter for Marriott International (NASDAQ:MAR)

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