Private Advisory Group LLC increased its position in Marriott International (NASDAQ:MAR) by 53.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,932 shares of the company’s stock after buying an additional 7,667 shares during the period. Marriott International comprises 1.3% of Private Advisory Group LLC’s portfolio, making the stock its 27th largest holding. Private Advisory Group LLC’s holdings in Marriott International were worth $2,200,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of MAR. Vanguard Group Inc. increased its position in Marriott International by 1.7% during the second quarter. Vanguard Group Inc. now owns 19,999,062 shares of the company’s stock worth $2,006,106,000 after purchasing an additional 331,586 shares during the last quarter. BlackRock Inc. increased its position in Marriott International by 2,076.2% during the first quarter. BlackRock Inc. now owns 18,978,323 shares of the company’s stock worth $1,787,379,000 after purchasing an additional 18,106,240 shares during the last quarter. FMR LLC increased its position in Marriott International by 32.5% during the second quarter. FMR LLC now owns 15,406,182 shares of the company’s stock worth $1,545,394,000 after purchasing an additional 3,780,639 shares during the last quarter. State Street Corp increased its position in Marriott International by 0.5% during the first quarter. State Street Corp now owns 14,173,107 shares of the company’s stock worth $1,334,828,000 after purchasing an additional 73,403 shares during the last quarter. Finally, Capital Research Global Investors increased its position in Marriott International by 7.2% during the second quarter. Capital Research Global Investors now owns 12,763,000 shares of the company’s stock worth $1,280,257,000 after purchasing an additional 862,710 shares during the last quarter. 65.85% of the stock is owned by institutional investors and hedge funds.
Shares of Marriott International (MAR) traded up 0.91% during mid-day trading on Wednesday, hitting $116.09. 512,558 shares of the company’s stock were exchanged. The company has a market capitalization of $43.23 billion, a price-to-earnings ratio of 38.10 and a beta of 1.36. The firm has a 50 day moving average price of $107.45 and a 200-day moving average price of $102.24. Marriott International has a 52 week low of $65.91 and a 52 week high of $116.12.
Marriott International (NASDAQ:MAR) last released its earnings results on Monday, August 7th. The company reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.11. The company had revenue of $5.80 billion for the quarter, compared to analyst estimates of $5.73 billion. Marriott International had a return on equity of 26.26% and a net margin of 5.27%. Marriott International’s quarterly revenue was up 48.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.03 EPS. On average, equities analysts anticipate that Marriott International will post $4.14 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Thursday, August 24th were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend was Tuesday, August 22nd. Marriott International’s dividend payout ratio (DPR) is currently 45.52%.
MAR has been the subject of several research analyst reports. Wolfe Research raised shares of Marriott International from a “market perform” rating to an “outperform” rating in a research report on Wednesday, August 30th. Zacks Investment Research lowered shares of Marriott International from a “buy” rating to a “sell” rating in a research report on Tuesday, July 11th. BidaskClub lowered shares of Marriott International from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 5th. Robert W. Baird reissued a “hold” rating and issued a $103.00 price objective on shares of Marriott International in a research report on Sunday, September 17th. Finally, Berenberg Bank reissued a “buy” rating and issued a $125.00 price objective on shares of Marriott International in a research report on Friday, August 18th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $99.68.
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In other news, EVP Edward A. Ryan sold 6,000 shares of Marriott International stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $108.00, for a total transaction of $648,000.00. Following the sale, the executive vice president now directly owns 74,406 shares of the company’s stock, valued at $8,035,848. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Anthony Capuano sold 13,736 shares of Marriott International stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $107.78, for a total value of $1,480,466.08. Following the sale, the executive vice president now directly owns 42,669 shares in the company, valued at $4,598,864.82. The disclosure for this sale can be found here. Over the last three months, insiders have sold 110,727 shares of company stock worth $11,339,600. 11.32% of the stock is currently owned by insiders.
Marriott International Company 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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