Zeke Capital Advisors LLC raised its stake in Marriott International Inc (NASDAQ:MAR) by 1.4% during the first quarter, HoldingsChannel reports. The firm owned 5,291 shares of the company’s stock after purchasing an additional 75 shares during the quarter. Zeke Capital Advisors LLC’s holdings in Marriott International were worth $662,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the business. Wedbush Securities Inc. raised its holdings in shares of Marriott International by 5.1% in the fourth quarter. Wedbush Securities Inc. now owns 2,048 shares of the company’s stock worth $222,000 after acquiring an additional 100 shares during the last quarter. Signature Wealth Management Group boosted its position in shares of Marriott International by 2.3% in the fourth quarter. Signature Wealth Management Group now owns 4,529 shares of the company’s stock worth $492,000 after buying an additional 101 shares during the period. First Manhattan Co. boosted its position in shares of Marriott International by 21.8% in the first quarter. First Manhattan Co. now owns 570 shares of the company’s stock worth $71,000 after buying an additional 102 shares during the period. Lee Financial Group Hawaii Inc. boosted its position in shares of Marriott International by 0.4% in the fourth quarter. Lee Financial Group Hawaii Inc. now owns 24,301 shares of the company’s stock worth $2,638,000 after buying an additional 104 shares during the period. Finally, Private Trust Co. NA boosted its position in shares of Marriott International by 3.3% in the first quarter. Private Trust Co. NA now owns 3,581 shares of the company’s stock worth $447,000 after buying an additional 116 shares during the period. 67.44% of the stock is currently owned by institutional investors.
In other Marriott International news, insider William P. Brown sold 11,640 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $121.53, for a total transaction of $1,414,609.20. Following the sale, the insider now owns 5,704 shares in the company, valued at $693,207.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Craig S. Smith sold 16,743 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $120.35, for a total value of $2,015,020.05. Following the sale, the insider now owns 7,754 shares in the company, valued at approximately $933,193.90. The disclosure for this sale can be found here. Insiders have sold 136,730 shares of company stock worth $16,924,619 in the last 90 days. 12.60% of the stock is currently owned by insiders.
MAR traded up $2.34 on Friday, reaching $139.23. The company’s stock had a trading volume of 21,771 shares, compared to its average volume of 1,916,637. The company has a market capitalization of $46.69 billion, a P/E ratio of 22.41, a P/E/G ratio of 2.09 and a beta of 1.23. Marriott International Inc has a 1 year low of $100.62 and a 1 year high of $142.19. The company has a debt-to-equity ratio of 3.83, a quick ratio of 0.42 and a current ratio of 0.42.
Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Thursday, February 28th. The company reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.40 by $0.04. Marriott International had a return on equity of 80.36% and a net margin of 8.74%. The firm had revenue of $5.29 billion during the quarter, compared to the consensus estimate of $5.61 billion. During the same quarter in the prior year, the business posted $1.12 earnings per share. As a group, equities research analysts forecast that Marriott International Inc will post 6.05 earnings per share for the current fiscal year.
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About Marriott International
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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