SeaTown Holdings Pte. Ltd. Invests $5.19 Million in Marriott International Inc (NASDAQ:MAR)

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SeaTown Holdings Pte. Ltd. acquired a new position in Marriott International Inc (NASDAQ:MAR) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 37,000 shares of the company’s stock, valued at approximately $5,191,000.

Several other hedge funds have also bought and sold shares of the company. Meridian Wealth Management LLC purchased a new stake in Marriott International in the second quarter worth about $25,000. Strategy Asset Managers LLC acquired a new position in shares of Marriott International in the 1st quarter valued at $29,000. Harvest Group Wealth Management LLC acquired a new position in shares of Marriott International in the 1st quarter valued at $30,000. NuWave Investment Management LLC increased its holdings in shares of Marriott International by 373.9% in the 2nd quarter. NuWave Investment Management LLC now owns 218 shares of the company’s stock valued at $31,000 after acquiring an additional 172 shares during the period. Finally, TLW Wealth Management LLC acquired a new position in shares of Marriott International in the 2nd quarter valued at $31,000. 62.66% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Argiris Kyriakidis sold 20,210 shares of Marriott International stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $128.79, for a total value of $2,602,845.90. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider David Grissen sold 6,750 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $129.14, for a total value of $871,695.00. Following the sale, the insider now owns 63,480 shares of the company’s stock, valued at $8,197,807.20. The disclosure for this sale can be found here. Insiders sold a total of 80,004 shares of company stock worth $10,676,926 in the last three months. 12.60% of the stock is currently owned by company insiders.

A number of research analysts have issued reports on the stock. Wells Fargo & Co upped their target price on shares of Marriott International from $123.00 to $141.00 and gave the company a “market perform” rating in a report on Wednesday, April 24th. Longbow Research downgraded shares of Marriott International from a “buy” rating to a “neutral” rating in a research report on Monday, July 15th. Citigroup raised their price target on shares of Marriott International from $117.00 to $135.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 21st. JPMorgan Chase & Co. downgraded shares of Marriott International from an “overweight” rating to a “neutral” rating and set a $138.00 price target for the company. in a research report on Tuesday, July 9th. They noted that the move was a valuation call. Finally, BidaskClub cut Marriott International from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 26th. Eleven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Marriott International currently has a consensus rating of “Hold” and a consensus target price of $136.93.

MAR stock traded up $2.22 during midday trading on Tuesday, hitting $132.23. 100,038 shares of the stock traded hands, compared to its average volume of 1,759,070. The company has a debt-to-equity ratio of 8.93, a quick ratio of 0.51 and a current ratio of 0.51. The firm has a market capitalization of $43.09 billion, a price-to-earnings ratio of 21.30, a P/E/G ratio of 2.97 and a beta of 1.27. Marriott International Inc has a 1-year low of $100.62 and a 1-year high of $144.24. The company’s fifty day moving average is $138.33.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Monday, August 5th. The company reported $1.56 earnings per share for the quarter, hitting the consensus estimate of $1.56. The business had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.50 billion. Marriott International had a net margin of 6.81% and a return on equity of 113.75%. The company’s revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.73 EPS. Sell-side analysts anticipate that Marriott International Inc will post 6.03 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Thursday, August 22nd will be paid a $0.48 dividend. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $1.92 dividend on an annualized basis and a yield of 1.45%. Marriott International’s dividend payout ratio is currently 30.92%.

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

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