Regentatlantic Capital LLC bought a new stake in Marriott International (NASDAQ:MAR) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 2,222 shares of the company’s stock, valued at approximately $223,000.
A number of other institutional investors have also recently bought and sold shares of MAR. Oppenheimer Asset Management Inc. purchased a new position in Marriott International during the first quarter valued at about $115,000. TrimTabs Asset Management LLC raised its position in Marriott International by 89.1% in the first quarter. TrimTabs Asset Management LLC now owns 1,562 shares of the company’s stock valued at $147,000 after buying an additional 736 shares during the last quarter. First Bank & Trust raised its position in Marriott International by 3.6% in the first quarter. First Bank & Trust now owns 1,681 shares of the company’s stock valued at $158,000 after buying an additional 59 shares during the last quarter. North Star Investment Management Corp. raised its position in Marriott International by 3.3% in the second quarter. North Star Investment Management Corp. now owns 1,583 shares of the company’s stock valued at $159,000 after buying an additional 50 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its position in Marriott International by 4.3% in the first quarter. Quadrant Capital Group LLC now owns 1,825 shares of the company’s stock valued at $166,000 after buying an additional 75 shares during the last quarter. 67.11% of the stock is currently owned by hedge funds and other institutional investors.
Marriott International (MAR) traded up 0.19% on Friday, reaching $98.03. The company had a trading volume of 1,581,465 shares. The stock has a 50 day moving average of $101.75 and a 200 day moving average of $96.88. The firm has a market capitalization of $36.51 billion, a PE ratio of 32.17 and a beta of 1.36. Marriott International has a 12 month low of $65.91 and a 12 month high of $110.51.
Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Monday, August 7th. The company reported $1.13 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $5.80 billion for the quarter, compared to analysts’ expectations of $5.73 billion. During the same quarter in the prior year, the firm posted $1.03 earnings per share. Marriott International’s revenue for the quarter was up 48.5% compared to the same quarter last year. On average, analysts anticipate that Marriott International will post $4.14 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 24th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a 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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Several equities analysts recently issued reports on MAR shares. Canaccord Genuity reissued a “buy” rating and set a $113.00 target price (up previously from $100.00) on shares of Marriott International in a research note on Monday, May 8th. Instinet increased their target price on Marriott International from $100.00 to $121.00 and gave the stock a “buy” rating in a research note on Wednesday, May 10th. Zacks Investment Research raised Marriott International from a “hold” rating to a “buy” rating and set a $115.00 target price on the stock in a research note on Tuesday, May 16th. BidaskClub raised Marriott International from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a $125.00 price target on shares of Marriott International in a research report on Friday. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $100.08.
In other news, Director Mary K. Bush sold 1,200 shares of the company’s stock in a transaction that occurred on 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 transaction, the director now directly 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 can be accessed through the SEC website. Also, insider David Grissen sold 2,589 shares of the company’s stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $105.66, for a total value of $273,553.74. Following the transaction, the insider now directly owns 45,201 shares of the company’s stock, valued at $4,775,937.66. The disclosure for this sale can be found here. Insiders have sold 62,622 shares of company stock worth $6,328,408 in the last 90 days. 17.07% of the stock is currently owned by 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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