Quantbot Technologies LP purchased a new position in Marriott International (NASDAQ:MAR) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 33,006 shares of the company’s stock, valued at approximately $3,310,000.
Several other large investors have also added to or reduced their stakes in MAR. Vanguard Group Inc. increased its holdings in Marriott International by 1.7% in the second quarter. Vanguard Group Inc. now owns 19,999,062 shares of the company’s stock valued at $2,006,106,000 after buying an additional 331,586 shares during the last quarter. BlackRock Inc. increased its holdings in Marriott International by 2,076.2% in the first quarter. BlackRock Inc. now owns 18,978,323 shares of the company’s stock valued at $1,787,379,000 after buying an additional 18,106,240 shares during the last quarter. FMR LLC increased its holdings in Marriott International by 32.5% in the second quarter. FMR LLC now owns 15,406,182 shares of the company’s stock valued at $1,545,394,000 after buying an additional 3,780,639 shares during the last quarter. State Street Corp increased its holdings in Marriott International by 0.5% in the first quarter. State Street Corp now owns 14,173,107 shares of the company’s stock valued at $1,334,828,000 after buying an additional 73,403 shares during the last quarter. Finally, Morgan Stanley increased its holdings in Marriott International by 0.6% in the first quarter. Morgan Stanley now owns 5,079,669 shares of the company’s stock valued at $478,403,000 after buying an additional 27,814 shares during the last quarter. Institutional investors and hedge funds own 65.88% of the company’s stock.
Marriott International (NASDAQ MAR) traded up 0.33% during midday trading on Friday, reaching $107.92. The company’s stock had a trading volume of 266,470 shares. Marriott International has a 52-week low of $65.91 and a 52-week high of $110.51. The firm has a 50-day moving average price of $102.54 and a 200 day moving average price of $99.47. The stock has a market capitalization of $40.19 billion, a price-to-earnings ratio of 35.42 and a beta of 1.36.
Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Monday, August 7th. The company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.11. The business had revenue of $5.80 billion during the quarter, compared to analyst estimates of $5.73 billion. Marriott International had a net margin of 5.27% and a return on equity of 26.26%. Marriott International’s revenue for the quarter was up 48.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.03 earnings per share. Equities research analysts predict that Marriott International will post $4.13 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 24th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date is Tuesday, August 22nd. Marriott International’s dividend payout ratio is currently 45.52%.
In other Marriott International news, EVP Anthony Capuano sold 5,000 shares of Marriott International stock in a transaction on Friday, June 30th. The shares were sold at an average price of $100.72, for a total transaction of $503,600.00. Following the completion of the sale, the executive vice president now owns 56,405 shares of the company’s stock, valued at approximately $5,681,111.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider B. Marriott Marital Tr Juliana sold 30,000 shares of Marriott International stock in a transaction on Monday, August 14th. The stock was sold at an average price of $99.84, for a total transaction of $2,995,200.00. Following the sale, the insider now directly owns 493,896 shares of the company’s stock, valued at approximately $49,310,576.64. The disclosure for this sale can be found here. In the last three months, insiders sold 94,191 shares of company stock valued at $9,512,282. 11.32% of the stock is currently owned by company insiders.
Several analysts recently weighed in on MAR shares. Wolfe Research raised Marriott International from a “market perform” rating to an “outperform” rating in a report on Wednesday, August 30th. BidaskClub lowered Marriott International from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Berenberg Bank reissued a “buy” rating and issued a $125.00 price objective on shares of Marriott International in a report on Friday, August 18th. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $113.00 target price (up from $111.00) on shares of Marriott International in a report on Wednesday, August 9th. Finally, Zacks Investment Research raised Marriott International from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have issued a buy rating to the stock. Marriott International presently has a consensus rating of “Hold” and an average target price of $100.81.
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Marriott International Profile
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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