Graypoint LLC Has $275,000 Position in Marriott International, Inc. (NASDAQ:MAR)



Graypoint LLC increased its position in Marriott International, Inc. (NASDAQ:MAR – Get Rating) by 7.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,566 shares of the company’s stock after buying an additional 113 shares during the period. Graypoint LLC’s holdings in Marriott International were worth $275,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in MAR. Private Trust Co. NA boosted its position in Marriott International by 27.5% during the fourth quarter. Private Trust Co. NA now owns 2,760 shares of the company’s stock worth $456,000 after purchasing an additional 596 shares during the period. Bedel Financial Consulting Inc. boosted its position in Marriott International by 55.1% during the fourth quarter. Bedel Financial Consulting Inc. now owns 718 shares of the company’s stock worth $119,000 after purchasing an additional 255 shares during the period. DNB Asset Management AS boosted its position in Marriott International by 9.4% during the fourth quarter. DNB Asset Management AS now owns 41,639 shares of the company’s stock worth $6,880,000 after purchasing an additional 3,580 shares during the period. KMG Fiduciary Partners LLC boosted its position in Marriott International by 16.1% during the fourth quarter. KMG Fiduciary Partners LLC now owns 21,385 shares of the company’s stock worth $3,534,000 after purchasing an additional 2,967 shares during the period. Finally, Stonnington Group LLC bought a new stake in Marriott International during the fourth quarter worth approximately $8,210,000. Hedge funds and other institutional investors own 59.86% of the company’s stock.

Shares of MAR stock opened at $136.01 on Friday. The stock has a market cap of $44.52 billion, a P/E ratio of 30.16 and a beta of 1.57. Marriott International, Inc. has a one year low of $127.23 and a one year high of $195.90. The stock has a fifty day moving average price of $162.32 and a 200 day moving average price of $165.24. The company has a debt-to-equity ratio of 4.93, a current ratio of 0.53 and a quick ratio of 0.53.

Marriott International (NASDAQ:MAR – Get Rating) last released 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. Marriott International had a return on equity of 116.74% and a net margin of 9.45%. The firm had revenue of $4.20 billion during the quarter, compared to analyst estimates of $4.23 billion. During the same period in the prior year, the company posted $0.10 earnings per share. The business’s revenue for the quarter was up 81.3% compared to the same quarter last year. Equities research analysts anticipate that Marriott International, Inc. will post 5.99 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Monday, May 16th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, May 13th. This represents a $1.20 annualized dividend and a yield of 0.88%. Marriott International’s dividend payout ratio is currently 26.61%.

Several equities research analysts have recently weighed in on MAR shares. StockNews.com started coverage on Marriott International in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Barclays started coverage on Marriott International in a research report on Tuesday. They issued an “overweight” rating and a $164.00 price objective for the company. TheStreet raised Marriott International from a “c+” rating to a “b-” rating in a research report on Monday, March 21st. Finally, Stifel Nicolaus increased their objective price on Marriott International from $175.00 to $180.00 in a research report on Wednesday, May 4th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $179.70.

In other news, Director Debra L. Lee sold 2,145 shares of the firm’s stock in a transaction on Tuesday, May 31st. The stock was sold at an average price of $171.30, for a total value of $367,438.50. Following the completion of the sale, the director now directly owns 1,224 shares in the company, valued at $209,671.20. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Craig S. Smith sold 3,647 shares of the firm’s stock in a transaction on Thursday, April 28th. The shares were sold at an average price of $185.00, for a total value of $674,695.00. Following the completion of the sale, the insider now owns 19,252 shares of the company’s stock, valued at $3,561,620. The disclosure for this sale can be found here. Corporate insiders own 12.21% of the company’s stock.

Marriott International Profile (Get Rating)

Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through US 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.

Further Reading

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Institutional Ownership by Quarter for Marriott International (NASDAQ:MAR)



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