Alexandria Capital LLC raised its position in Marriott International (NASDAQ:MAR) by 0.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,644 shares of the company’s stock after buying an additional 12 shares during the period. Alexandria Capital LLC’s holdings in Marriott International were worth $165,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of MAR. Highbridge Capital Management LLC acquired a new stake in Marriott International during the fourth quarter worth about $3,219,000. Macquarie Group Ltd. boosted its position in shares of Marriott International by 31.7% in the fourth quarter. Macquarie Group Ltd. now owns 205,659 shares of the company’s stock valued at $17,004,000 after buying an additional 49,493 shares in the last quarter. Renaissance Investment Group LLC acquired a new position in shares of Marriott International during the first quarter valued at $2,738,000. Chevy Chase Trust Holdings Inc. boosted its position in shares of Marriott International by 2.0% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 318,570 shares of the company’s stock valued at $30,003,000 after buying an additional 6,265 shares in the last quarter. Finally, CENTRAL TRUST Co boosted its position in shares of Marriott International by 5.1% in the first quarter. CENTRAL TRUST Co now owns 2,902 shares of the company’s stock valued at $273,000 after buying an additional 140 shares in the last quarter. 67.11% of the stock is owned by institutional investors and hedge funds.
Shares of Marriott International (MAR) opened at 98.03 on Friday. The firm has a market cap of $36.51 billion, a P/E ratio of 32.17 and a beta of 1.36. The stock’s 50 day moving average price is $101.75 and its 200-day moving average price is $96.88. Marriott International has a 12-month low of $65.91 and a 12-month high of $110.51.
Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Monday, August 7th. The company reported $1.13 EPS for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $5.73 billion. During the same quarter in the previous year, the company posted $1.03 earnings per share. Marriott International’s revenue was up 48.5% compared to the same quarter last year. On average, analysts predict that Marriott International will post $4.14 earnings per share for the current fiscal year.
The company also recently disclosed 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 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend is Tuesday, August 22nd. Marriott International’s payout ratio is currently 45.52%.
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MAR has been the subject of several research reports. Zacks Investment Research raised shares of Marriott International from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $111.00 price target on shares of Marriott International in a research note on Friday, May 12th. Barclays PLC reissued a “hold” rating and issued a $105.00 target price on shares of Marriott International in a research note on Friday, May 12th. BidaskClub raised shares of Marriott International from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $109.00 target price (up from $92.00) on shares of Marriott International in a research note on Monday, June 12th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $100.08.
In other Marriott International news, Director Mary K. Bush sold 1,200 shares of the business’s stock in a transaction dated Friday, June 30th. The stock was sold at an average price of $100.89, for a total transaction of $121,068.00. Following the completion of the sale, the director now owns 1,101 shares of the company’s stock, valued at $111,079.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David Grissen sold 2,589 shares of the business’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $105.66, for a total value of $273,553.74. Following the sale, the insider now directly owns 45,201 shares of the company’s stock, valued at approximately $4,775,937.66. The disclosure for this sale can be found here. Insiders sold 62,622 shares of company stock valued at $6,328,408 in the last ninety days. 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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