Chevy Chase Trust Holdings Inc. Increases Stake in Marriott International (MAR)

Chevy Chase Trust Holdings Inc. boosted its stake in shares of Marriott International (NASDAQ:MAR) by 0.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 320,888 shares of the company’s stock after buying an additional 2,318 shares during the period. Chevy Chase Trust Holdings Inc. owned about 0.08% of Marriott International worth $32,188,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Gradient Investments LLC increased its position in shares of Marriott International by 0.4% in the first quarter. Gradient Investments LLC now owns 2,005 shares of the company’s stock valued at $189,000 after buying an additional 7 shares in the last quarter. Geneva Advisors LLC increased its position in shares of Marriott International by 1.3% in the first quarter. Geneva Advisors LLC now owns 2,893 shares of the company’s stock valued at $272,000 after buying an additional 38 shares in the last quarter. Dumont & Blake Investment Advisors LLC increased its position in shares of Marriott International by 0.5% in the first quarter. Dumont & Blake Investment Advisors LLC now owns 8,741 shares of the company’s stock valued at $823,000 after buying an additional 45 shares in the last quarter. First Midwest Bank Trust Division increased its position in shares of Marriott International by 1.5% in the first quarter. First Midwest Bank Trust Division now owns 3,360 shares of the company’s stock valued at $316,000 after buying an additional 50 shares in the last quarter. Finally, First Bank & Trust increased its position in shares of 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 in the last quarter. Institutional investors and hedge funds own 67.06% of the company’s stock.

Marriott International (NASDAQ MAR) traded down 2.09% during mid-day trading on Tuesday, reaching $103.95. The company had a trading volume of 4,618,003 shares. Marriott International has a 12-month low of $65.91 and a 12-month high of $110.51. The firm has a market capitalization of $39.39 billion, a price-to-earnings ratio of 36.82 and a beta of 1.36. The firm has a 50-day moving average price of $102.51 and a 200 day moving average price of $95.73. Marriott International also saw unusually large options trading activity on Monday. Stock investors bought 9,942 call options on the company. This represents an increase of approximately 568% compared to the typical daily volume of 1,488 call options.

Marriott International (NASDAQ:MAR) last issued its earnings results on Monday, August 7th. The company reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.11. The company had revenue of $5.80 billion for the quarter, compared to analysts’ expectations of $5.73 billion. Marriott International had a net margin of 4.91% and a return on equity of 38.10%. The firm’s revenue was up 48.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.03 EPS. Analysts expect that Marriott International will post $4.04 EPS for the current year.

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Several brokerages have commented on MAR. Stifel Nicolaus boosted 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. Robert W. Baird boosted 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. BidaskClub upgraded shares of Marriott International from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Vetr upgraded shares of Marriott International from a “hold” rating to a “buy” rating and set a $96.50 price objective for the company in a research report on Tuesday, April 11th. Finally, Canaccord Genuity restated a “buy” rating and set a $113.00 price objective (up from $100.00) on shares of Marriott International in a research report on Monday, May 8th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $98.44.

In other Marriott International news, insider Stephen Blake Marriott sold 3,733 shares of the business’s stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $107.44, for a total value of $401,073.52. Following the transaction, the insider now owns 145,601 shares in the company, valued at $15,643,371.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Anthony Capuano sold 5,000 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president now owns 56,405 shares in the company, valued at approximately $5,681,111.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,016 shares of company stock worth $4,662,064. 17.07% of the stock is owned by corporate 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.

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

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