Edgestream Partners L.P. Invests $520,000 in Marriott International (MAR)

Edgestream Partners L.P. bought a new stake in Marriott International (NASDAQ:MAR) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 5,182 shares of the company’s stock, valued at approximately $520,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Marriott International by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 19,667,476 shares of the company’s stock worth $1,852,283,000 after acquiring an additional 303,078 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Marriott International by 2,076.2% in the 1st 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 period. State Street Corp boosted its holdings in shares of Marriott International by 0.5% in the 1st 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 period. FMR LLC boosted its holdings in shares of Marriott International by 112.2% in the 1st quarter. FMR LLC now owns 11,625,543 shares of the company’s stock valued at $1,094,894,000 after buying an additional 6,147,789 shares during the period. Finally, Morgan Stanley boosted its holdings in shares of Marriott International by 0.6% in the 1st 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 period. 65.93% of the stock is owned by institutional investors and hedge funds.

In other Marriott International news, EVP Anthony Capuano sold 5,000 shares of the company’s stock in a transaction 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 transaction, the executive vice president now owns 56,405 shares in the company, valued at approximately $5,681,111.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mary K. Bush sold 1,200 shares of the company’s stock in a transaction on Friday, June 30th. The shares were sold at an average price of $100.89, for a total value of $121,068.00. Following the completion of the transaction, the director now owns 1,101 shares of the company’s stock, valued at approximately $111,079.89. The disclosure for this sale can be found here. Insiders have sold 94,191 shares of company stock valued at $9,512,282 in the last quarter. 11.32% of the stock is currently owned by corporate insiders.

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MAR has been the subject of several research reports. Zacks Investment Research lowered shares of Marriott International from a “buy” rating to a “hold” rating in a report on Monday, May 29th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $109.00 price objective (up from $92.00) on shares of Marriott International in a research report on Monday, June 12th. BidaskClub downgraded shares of Marriott International from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Stifel Nicolaus lifted their price objective on shares of Marriott International from $95.00 to $98.00 and gave the company a “hold” rating in a research report on Tuesday, August 8th. Finally, Robert W. Baird lifted their price objective on shares of Marriott International from $101.00 to $103.00 and gave the company a “neutral” rating in a research report on Tuesday, August 8th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $100.81.

Shares of Marriott International (NASDAQ:MAR) traded down 1.25% during mid-day trading on Friday, hitting $105.06. 1,130,362 shares of the stock were exchanged. Marriott International has a 12-month low of $65.91 and a 12-month high of $110.51. The firm has a 50-day moving average price of $102.35 and a 200 day moving average price of $98.90. The company has a market capitalization of $39.13 billion, a PE ratio of 34.48 and a beta of 1.36.

Marriott International (NASDAQ:MAR) last issued its earnings results on Monday, August 7th. The company reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm earned $1.03 earnings per share. Marriott International’s revenue for the quarter was up 48.5% on a year-over-year basis. On average, equities research analysts expect that Marriott International will post $4.13 earnings per share for the current 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 dividend of $0.33 per share. The ex-dividend date is Tuesday, August 22nd. This represents a $1.32 annualized dividend and a yield of 1.24%. Marriott International’s dividend payout ratio (DPR) is currently 45.52%.

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.

Institutional Ownership by Quarter for Marriott International (NASDAQ:MAR)

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