BB&T Corp reduced its position in shares of Marriott International (NASDAQ:MAR) by 3.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 33,635 shares of the company’s stock after selling 1,382 shares during the period. BB&T Corp’s holdings in Marriott International were worth $3,374,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. RMB Capital Management LLC bought a new position in Marriott International during the fourth quarter worth approximately $579,000. High Point Bank & Trust Co. boosted its position in Marriott International by 11.5% in the fourth quarter. High Point Bank & Trust Co. now owns 1,450 shares of the company’s stock worth $120,000 after buying an additional 149 shares during the last quarter. Teachers Advisors LLC boosted its position in Marriott International by 63.1% in the fourth quarter. Teachers Advisors LLC now owns 1,108,663 shares of the company’s stock worth $91,664,000 after buying an additional 428,986 shares during the last quarter. Kentucky Retirement Systems acquired a new stake in shares of Marriott International during the fourth quarter valued at about $1,921,000. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of Marriott International during the fourth quarter valued at about $857,000. 67.06% of the stock is currently owned by institutional investors.
Shares of Marriott International (MAR) traded down 0.12% during trading on Friday, reaching $99.40. 2,154,708 shares of the company’s stock traded hands. The company has a 50 day moving average price of $102.16 and a 200 day moving average price of $96.39. Marriott International has a 1-year low of $65.91 and a 1-year high of $110.51. The stock has a market capitalization of $37.02 billion, a PE ratio of 32.62 and a beta of 1.36.
Marriott International (NASDAQ:MAR) last announced its earnings results on Monday, August 7th. The company reported $1.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.11. Marriott International had a return on equity of 26.26% and a net margin of 5.27%. The company had revenue of $5.80 billion for the quarter, compared to analyst estimates of $5.73 billion. During the same period in the prior year, the company posted $1.03 EPS. Marriott International’s quarterly revenue was up 48.5% on a year-over-year basis. On average, equities analysts forecast that Marriott International will post $4.10 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 24th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Tuesday, August 22nd. Marriott International’s payout ratio is 45.52%.
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Several analysts have recently issued reports on MAR shares. Zacks Investment Research raised shares of Marriott International from a “sell” rating to a “hold” rating in a research report on Wednesday. J P Morgan Chase & Co reissued an “overweight” rating and set a $111.00 price target on shares of Marriott International in a research report on Friday, May 12th. Barclays PLC reissued a “hold” rating and set a $105.00 price target on shares of Marriott International in a research report on Friday, May 12th. BidaskClub raised shares of Marriott International from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $109.00 price target (up previously from $92.00) on shares of Marriott International in a research report on Monday, June 12th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $98.56.
In other news, EVP Anthony Capuano sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, June 30th. The stock was sold at an average price of $100.72, for a total value of $503,600.00. Following the completion of the sale, the executive vice president now directly owns 56,405 shares in the company, valued at approximately $5,681,111.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stephen Blake Marriott sold 3,733 shares of the business’s stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $107.44, for a total value of $401,073.52. Following the completion of the sale, the insider now owns 145,601 shares of the company’s stock, valued at $15,643,371.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,216 shares of company stock worth $4,270,892. 17.07% of the stock is currently owned by corporate insiders.
About Marriott International
Marriott International, Inc (Marriott International) is a lodging company. Marriott International operates in three business segments: North American Full-Service, North American Limited-Service and International. Its North American Full-Service segment includes its Luxury and Premium brands (JW Marriott, Marriott Hotels, Sheraton, Westin, Renaissance Hotels, Le Meridien, Autograph Collection Hotels, Delta Hotels, Gaylord Hotels, and Tribute Portfolio) located in the United States and Canada.
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