Toronto Dominion Bank Acquires 9,686 Shares of Marriott International, Inc. (NASDAQ:MAR)

Toronto Dominion Bank raised its holdings in Marriott International, Inc. (NASDAQ:MARGet Rating) by 7.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 145,543 shares of the company’s stock after purchasing an additional 9,686 shares during the quarter. Toronto Dominion Bank’s holdings in Marriott International were worth $24,049,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Farmers & Merchants Investments Inc. raised its position in Marriott International by 14.3% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 510 shares of the company’s stock valued at $84,000 after purchasing an additional 64 shares during the last quarter. Centaurus Financial Inc. raised its position in shares of Marriott International by 5.6% during the fourth quarter. Centaurus Financial Inc. now owns 1,330 shares of the company’s stock worth $220,000 after acquiring an additional 70 shares during the last quarter. CX Institutional raised its position in shares of Marriott International by 11.3% during the third quarter. CX Institutional now owns 697 shares of the company’s stock worth $103,000 after acquiring an additional 71 shares during the last quarter. Baxter Bros Inc. raised its position in shares of Marriott International by 0.6% during the fourth quarter. Baxter Bros Inc. now owns 12,088 shares of the company’s stock worth $1,997,000 after acquiring an additional 75 shares during the last quarter. Finally, EP Wealth Advisors LLC raised its position in shares of Marriott International by 1.4% during the third quarter. EP Wealth Advisors LLC now owns 5,869 shares of the company’s stock worth $869,000 after acquiring an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 59.16% of the company’s stock.

NASDAQ:MAR opened at $183.15 on Tuesday. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 6.60. The stock’s 50 day moving average price is $170.18 and its two-hundred day moving average price is $162.77. The firm has a market capitalization of $59.94 billion, a price-to-earnings ratio of 54.84 and a beta of 1.69. Marriott International, Inc. has a 12-month low of $127.23 and a 12-month high of $184.99.

Marriott International (NASDAQ:MARGet Rating) last announced its earnings results on Tuesday, February 15th. The company reported $1.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.28. The company had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.03 billion. Marriott International had a return on equity of 125.04% and a net margin of 7.93%. The firm’s quarterly revenue was up 104.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.12 earnings per share. Equities research analysts expect that Marriott International, Inc. will post 5.52 EPS for the current year.

In related news, CFO Kathleen K. Oberg sold 10,071 shares of the stock in a transaction that occurred on Thursday, February 17th. The stock was sold at an average price of $180.21, for a total transaction of $1,814,894.91. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider William P. Brown sold 581 shares of the firm’s stock in a transaction on Friday, March 25th. The shares were sold at an average price of $171.34, for a total value of $99,548.54. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,726 shares of company stock worth $3,003,209. 12.21% of the stock is owned by corporate insiders.

A number of equities research analysts recently commented on MAR shares. Truist Financial upped their price objective on Marriott International from $156.00 to $182.00 and gave the company a “hold” rating in a report on Wednesday, February 16th. Deutsche Bank Aktiengesellschaft upped their price objective on Marriott International from $150.00 to $164.00 and gave the company a “hold” rating in a report on Wednesday, February 16th. Jefferies Financial Group upped their price objective on Marriott International from $192.00 to $208.00 and gave the company a “buy” rating in a report on Wednesday, February 16th. Zacks Investment Research upgraded Marriott International from a “hold” rating to a “strong-buy” rating and set a $205.00 price objective for the company in a report on Friday, February 18th. Finally, Stifel Nicolaus boosted their target price on Marriott International from $155.00 to $175.00 in a research note on Tuesday, February 15th. Eight research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $179.36.

About Marriott International (Get Rating)

Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through U.S. and Canada, and International segments. It operates its properties under the JW Marriott, The Ritz-Carlton, Ritz-Carlton Reserve, W Hotels, The Luxury Collection, St.

Further Reading

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

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