Marriott International Stake Grows At Pictet Asset Management

There was a 22.4% increase in Pictet Asset Management S.A.’s holdings in Marriott International, INC (NASDAQ: MAR) during the third quarter as disclosed in the company’s most recent 13F disclosure, as it was filed with the Securities and Exchange Commission in mid-October.

By purchasing an additional 220,033 shares during the quarter, the company increased its ownership stake in the company to 1,202,567 shares, bringing the total number of shares the company owns to 1,202,533.

At the end of the most recent reporting period, Pictet Asset Management S.A. held approximately 0.38% of Marriott International's stock, valued at approximately $164,950,000, representing approximately 0.38% of Marriott International's shares outstanding.

Hedge funds and other institutional investors have recently adjusted the proportion of MAR in their portfolios.

Abundance Wealth Counselors increased its holdings of Marriott International stock by 0.8% during its third fiscal quarter.

Over the last quarter, Abundance Wealth Counselors increased its holdings in the company by 64 shares.

Having acquired 7709 shares of the company, it now owns a total of an estimated $1,080,000 in shares in the company, bringing the total number of shares that it currently owns to 7,709. There has been an increase in the number of Marriott International shares owned by Clifford Swan Investment Counsel LLC by 3.8% over the second quarter of this year. Having bought an additional 65 shares of the company's stock for a total of $243.00, Clifford Swan Investment Counsel LLC now owns a total of 1,787 shares after making a payment of a combined total of $243.00 to buy an additional 65 shares of the company's stock.

Quadrant Capital Group LLC increased its ownership of Marriott International shares by 2.4% during the second quarter.

A total of 2,809 shares of the company's stock were purchased by Quadrant Capital Group LLC during the period in question, as a result of an additional purchase of 65 shares during this period.

Shares of these companies are currently valued at $382,000.

During the third quarter of 2018, Metis Global Partners LLC increased its Marriott International stock holdings by 1.8%.

Currently, Metis Global Partners LLC owns 4,092 shares of the company's stock, valued at $573,000.

This comes after the most recent fiscal quarter, 71 additional shares were purchased by the company. Zions Bancorporation N.A. ultimately increased the proportion of its capital invested in Marriott International by 22.6% during the second quarter. Zions Bancorporation N.A. now has 391 shares of the company, which are valued at $53,000 as a result of the recent purchase of 72 additional shares during the most recent quarter.

A total of 58.97% of the company's shares are owned by institutional investors and hedge funds.

Various market analysts have discussed the stock's performance in recent weeks. Redburn Partners initiated coverage of shares of Marriott International in a research report published on November 30.

Wednesday marked the release of the report.

Their recommendation was to "sell" the stock.

Truist Financial has raised its price objective for Marriott International from $185.00 to $205.00.

The change was announced in a research note that was published on Thursday, which announced the change. Marriott International's stock price has been revised from a "buy" to a "hold" by Jefferies Financial Group; as a result, the company's price target has been increased from $166.00 to $167.00.

Stocks had previously been recommended for purchase by the firm. Public access to a note providing some analysis was made available on Monday, January 9.

The Barclays Research Group has increased its price objective for Marriott International from $173.00 to $176.00 and rated the company as "equal weight" in a research note published on Wednesday. Citigroup increased its target price for Marriott International from $170.00 to $175.00 in a report that was released on December 14, while simultaneously changing its recommendation from a “buy” to a “neutral” opinion on Marriott International. According to five different financial experts and analysts, the company should buy, four different analysts should hold, and one analyst should sell. Each one of these analysts has given the company an opinion on whether to buy or sell.

Marriott Worldwide stock currently has an average recommendation of "Hold," and the consensus price objective is $178.31, according to Trade Algo.

A price objective of $178.31 has also been set for the stock.

In addition, Director Eric Hippeau sold 7,200 shares of the company's stock on November 21.

The previous sentence contains this information.

There have been several recent events that have occurred.

This stock sale generated total revenue of $1,153,728.00, which equals $160.24 for each share divided by the total amount, resulting in total revenue of $1,153,728.00. Following the successful completion of this sale, the director will directly receive 7,261 shares of the company, each of which has an estimated value of $1,163,502.64. 

It is estimated that 12.21% of the total shares are owned by business insiders.

The first Marriott International share was offered for $175.79 when trading began on Friday.

A current ratio of 0.52 is equal to a quick ratio of 0.45, while a quick ratio of 0.22 is equal to a current ratio of 0.52.

There is a 16.51 ratio between debt and equity.

The stock price is currently $157.48 based on the simple moving average of the last 200 trading days and $161.96 based on the simple moving average of the last 50 trading days.

The market capitalization is $54.16 billion, the price-to-earnings-growth ratio is 0.64, the price-to-earnings ratio is 24.21, and the beta is 1.58 for the stock.

Stock metrics can be calculated in a variety of ways.

Marriott International, INC's low point over the past year was $131.01, and its high point was $195.90.

Marriott International released its most recent quarterly earnings report on February 14 under the symbol MAR on the NASDAQ website.

Analysts' consensus estimate of $1.84 per share was $0.12 higher than the company's $1.96 per share.

There was a 168.43 percent return on equity for Marriott International, and its net margin was 11.35%.

This is a significant number in both cases.

It was predicted that the company would generate $5.38 billion in sales in the fourth quarter, but sales were $5.92 billion, a significant increase over the average prediction, which was $5.38 billion.

During the same period the previous year, the corporation earned a profit of $1.30 on each share of common stock that was held by it during the same period.

Compared to the previous year, the company's revenue rose 33.2% during the quarter in question.

Based on the projections made by industry experts, Marriott International, INC is expected to generate earnings of $7.55 per share during the current fiscal year, according to predictions made by the company.

There has also been an announcement not too long ago that the corporation will be distributing its quarterly dividends on Friday, March 31st, according to the schedule.

The dividend payment of $0.40 will be made to shareholders who still own their shares as of the previous business day on the day that dividends are distributed, which is February 24, to shareholders who currently own their shares as of that previous business day. As of February 23, which is a Thursday, dividends will no longer be counted in the calculation of dividends accrued from that point onwards, since it will no longer be a counted day. The most recent dividend paid out by Marriott International, which was $0.30, represents an increase because Marriott International's most recent quarterly dividend was $0.30. The dividend yield will therefore be 0.91%, and the dividend payout will be $1.60, thereby resulting in a dividend payout of $1.60.

As a percentage of total revenue, Marriott International pays dividends to shareholders at a rate of 22.04%.