In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Marriott International Inc (NASDAQ:MAR) reported that Jwm Family Enterprises, Inc. has picked up 24,227,118 of common stock as of 2016-12-15.
The acquisition brings the aggregate amount owned by Jwm Family Enterprises, Inc. to a total of 24,227,118 representing a 6.2% stake in the company.
For those not familiar with the company, Marriott International, Inc. is a lodging company. The Company is an operator, franchisor and licensor of hotels and timeshare properties in approximately 90 countries and territories under over 20 brand names. It operates through three segments: North American Full-Service, which includes brands, such as The Ritz-Carlton, EDITION, JW Marriott, Autograph Collection Hotels, Marriott Hotels, Delta Hotels and Resorts, and Renaissance Hotels located in the United States and Canada; North American Limited-Service, which includes brands, such as AC Hotels by Marriott, Courtyard, Residence Inn, SpringHill Suites, TownePlace Suites properties and Fairfield Inn & Suites located in the United States and Canada, and International, which includes brands, such as Bulgari Hotels & Resorts, Protea Hotels and Moxy Hotels located outside the United States and Canada.
A glance at Marriott International Inc (NASDAQ:MAR)’s key stats reveals a current market capitalization of $32.97 billion based on 390.48 million shares outstanding and a price at last close of $83.94 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2015-12-23, Schwab picked up 364 at a purchase price of $68.59. This brings their total holding to 721 as of the date of the filing.
On the sell side, the most recent transaction saw Ryan unload 5,130 shares at a sale price of $84.42. This brings their total holding to 82,597.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Marriott International Inc (NASDAQ:MAR) as things move forward to see if its progress aligns with these transactions.
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