Edgestream Partners L.P. Boosts Position in Marriott International, Inc. (NASDAQ:MAR)

Edgestream Partners L.P. boosted its position in Marriott International, Inc. (NASDAQ:MAR) by 18.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,141 shares of the company’s stock after purchasing an additional 970 shares during the period. Edgestream Partners L.P.’s holdings in Marriott International were worth $1,527,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BDF Gestion purchased a new stake in Marriott International during the second quarter valued at approximately $3,013,000. Jensen Investment Management Inc. purchased a new stake in shares of Marriott International in the 3rd quarter worth $793,000. CWM LLC raised its holdings in Marriott International by 518.7% in the 2nd quarter. CWM LLC now owns 47,519 shares of the company’s stock worth $11,489,000 after purchasing an additional 39,839 shares during the period. BayBridge Capital Group LLC purchased a new position in Marriott International during the third quarter valued at $1,254,000. Finally, Kinsale Capital Group Inc. bought a new stake in Marriott International during the third quarter valued at about $3,769,000. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Insider Buying and Selling

In other news, insider William P. Brown sold 1,707 shares of Marriott International stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $284.30, for a total transaction of $485,300.10. Following the completion of the sale, the insider now owns 23,077 shares of the company’s stock, valued at approximately $6,560,791.10. The trade was a 6.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Anthony Capuano sold 8,332 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $284.49, for a total value of $2,370,370.68. Following the completion of the transaction, the chief executive officer now directly owns 108,361 shares in the company, valued at approximately $30,827,620.89. This trade represents a 7.14 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 13,815 shares of company stock valued at $3,919,739. Insiders own 10.07% of the company’s stock.

Marriott International Price Performance

Shares of MAR stock opened at $284.93 on Wednesday. The company has a market cap of $79.18 billion, a PE ratio of 29.80, a price-to-earnings-growth ratio of 5.63 and a beta of 1.58. The stock’s 50 day simple moving average is $268.34 and its two-hundred day simple moving average is $245.86. Marriott International, Inc. has a 1 year low of $202.24 and a 1 year high of $290.43.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing the consensus estimate of $2.31 by ($0.05). The firm had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.27 billion. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.11 earnings per share. Equities research analysts expect that Marriott International, Inc. will post 9.26 EPS for the current year.

Marriott International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.88%. Marriott International’s dividend payout ratio is 26.36%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MAR. Mizuho lifted their price objective on Marriott International from $233.00 to $246.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Macquarie reiterated a “neutral” rating and issued a $245.00 price target on shares of Marriott International in a research report on Tuesday, November 5th. Barclays increased their price objective on shares of Marriott International from $240.00 to $249.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 5th. Robert W. Baird upped their target price on shares of Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Finally, The Goldman Sachs Group started coverage on Marriott International in a report on Wednesday, September 18th. They set a “buy” rating and a $267.00 price target on the stock. Fourteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $260.20.

Marriott International Company Profile

Marriott International, Inc engages in operating, franchising, and licensing hotel, residential, timeshare, and other lodging properties worldwide. It operates its properties under the JW Marriott, The Ritz-Carlton, The Luxury Collection, W Hotels, St. Regis, EDITION, Bvlgari, Marriott Hotels, Sheraton, Westin, Autograph Collection, Renaissance Hotels, Le Méridien, Delta Hotels by Marriott, Tribute Portfolio, Gaylord Hotels, Design Hotels, Marriott Executive Apartments, Apartments by Marriott Bonvoy, Courtyard by Marriott, Fairfield by Marriott, Residence Inn by Marriott, SpringHill Suites by Marriott, Four Points by Sheraton, TownePlace Suites by Marriott, Aloft Hotels, AC Hotels by Marriott, Moxy Hotels, Element Hotels, Protea Hotels by Marriott, City Express by Marriott, and St.