Capco Asset Management LLC raised its holdings in shares of Marriott International Inc (NASDAQ:MAR) by 29.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,135 shares of the company’s stock after acquiring an additional 25,842 shares during the quarter. Marriott International makes up 9.6% of Capco Asset Management LLC’s investment portfolio, making the stock its 5th largest holding. Capco Asset Management LLC’s holdings in Marriott International were worth $14,937,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Marshall Wace LLP grew its stake in Marriott International by 55.3% during the 2nd quarter. Marshall Wace LLP now owns 28,726 shares of the company’s stock valued at $3,637,000 after acquiring an additional 10,226 shares in the last quarter. Korea Investment CORP lifted its holdings in shares of Marriott International by 5.4% during the 2nd quarter. Korea Investment CORP now owns 124,060 shares of the company’s stock valued at $15,706,000 after buying an additional 6,400 shares during the last quarter. Abner Herrman & Brock LLC lifted its holdings in shares of Marriott International by 3.8% during the 3rd quarter. Abner Herrman & Brock LLC now owns 176,800 shares of the company’s stock valued at $23,343,000 after buying an additional 6,413 shares during the last quarter. CenterStar Asset Management LLC acquired a new stake in shares of Marriott International during the 3rd quarter valued at about $133,000. Finally, Fiduciary Group LLC acquired a new stake in shares of Marriott International during the 3rd quarter valued at about $376,000. 62.03% of the stock is currently owned by institutional investors.
Several equities research analysts have recently issued reports on MAR shares. Zacks Investment Research lowered Marriott International from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. BidaskClub upgraded Marriott International from a “sell” rating to a “hold” rating in a report on Tuesday, September 11th. Cowen started coverage on Marriott International in a report on Monday, October 22nd. They set an “outperform” rating and a $140.00 price target for the company. Jefferies Financial Group reiterated a “hold” rating and set a $134.00 price target on shares of Marriott International in a report on Wednesday, August 8th. Finally, 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 report on Tuesday, July 24th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $141.14.
Marriott International (NASDAQ:MAR) last posted its earnings results on Monday, November 5th. The company reported $1.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.31 by $0.39. Marriott International had a return on equity of 62.71% and a net margin of 7.95%. The firm had revenue of $5.05 billion during the quarter, compared to analyst estimates of $5.28 billion. During the same period in the previous year, the company earned $1.10 EPS. The company’s revenue for the quarter was down .6% on a year-over-year basis. Equities analysts expect that Marriott International Inc will post 6.12 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Wednesday, November 21st will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 1.40%. Marriott International’s dividend payout ratio (DPR) is currently 37.61%.
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About Marriott International
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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