Quest Investment Management LLC Has $2.47 Million Stake in Marriott International Inc (MAR)
Quest Investment Management LLC lifted its position in Marriott International Inc (NASDAQ:MAR) by 14.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,541 shares of the company’s stock after acquiring an additional 2,472 shares during the period. Quest Investment Management LLC’s holdings in Marriott International were worth $2,474,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in MAR. Signaturefd LLC purchased a new position in shares of Marriott International in the first quarter worth approximately $133,000. Quad Capital Management Advisors LLC purchased a new position in shares of Marriott International in the first quarter worth approximately $208,000. Newport Wealth Strategies Inc. purchased a new position in shares of Marriott International in the second quarter worth approximately $213,000. Moors & Cabot Inc. purchased a new position in shares of Marriott International in the first quarter worth approximately $256,000. Finally, Summit Trail Advisors LLC increased its position in shares of Marriott International by 9,648.1% in the first quarter. Summit Trail Advisors LLC now owns 262,127 shares of the company’s stock worth $262,000 after acquiring an additional 259,438 shares in the last quarter. 63.92% of the stock is currently owned by institutional investors and hedge funds.
MAR stock opened at $120.16 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.48 and a debt-to-equity ratio of 2.95. The company has a market cap of $41.91 billion, a P/E ratio of 27.56, a P/E/G ratio of 1.81 and a beta of 1.37. Marriott International Inc has a 52 week low of $96.90 and a 52 week high of $149.21.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Thursday, August 23rd will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 1.36%. Marriott International’s dividend payout ratio is currently 37.61%.
Several research analysts have recently weighed in on the stock. Robert W. Baird reissued a “hold” rating and issued a $135.00 target price on shares of Marriott International in a research report on Wednesday. Deutsche Bank reissued a “hold” rating and issued a $141.00 target price on shares of Marriott International in a research report on Thursday, May 10th. ValuEngine downgraded shares of Marriott International from a “buy” rating to a “hold” rating in a research report on Wednesday. Zacks Investment Research raised shares of Marriott International from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Morgan Stanley dropped their target price on shares of Marriott International from $143.00 to $138.00 and set an “equal weight” rating on the stock in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $139.54.
In related news, Director Mary K. Bush sold 2,184 shares of the firm’s stock in a transaction that occurred on Tuesday, May 15th. The shares were sold at an average price of $138.84, for a total transaction of $303,226.56. Following the completion of the sale, the director now directly owns 275 shares in the company, valued at $38,181. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider David S. Marriott sold 8,875 shares of the firm’s stock in a transaction that occurred on Thursday, June 7th. The stock was sold at an average price of $141.28, for a total transaction of $1,253,860.00. Following the sale, the insider now owns 638,234 shares of the company’s stock, valued at $90,169,699.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,559 shares of company stock valued at $2,613,773. 12.99% of the stock is currently owned by corporate insiders.
Marriott International Profile
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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