Eads & Heald Investment Counsel decreased its position in Marriott International Inc. (NASDAQ:MAR) by 5.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,081 shares of the company’s stock after selling 303 shares during the period. Eads & Heald Investment Counsel’s holdings in Marriott International were worth $338,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its position in Marriott International by 15.1% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 18,135 shares of the company’s stock worth $1,205,000 after buying an additional 2,382 shares during the period. Smithfield Trust Co. increased its stake in shares of Marriott International by 54.3% in the second quarter. Smithfield Trust Co. now owns 1,875 shares of the company’s stock valued at $125,000 after buying an additional 660 shares during the period. Nordea Investment Management AB increased its stake in shares of Marriott International by 41.6% in the second quarter. Nordea Investment Management AB now owns 266,606 shares of the company’s stock valued at $17,719,000 after buying an additional 78,294 shares during the period. Chicago Equity Partners LLC bought a new stake in shares of Marriott International during the second quarter valued at approximately $7,992,000. Finally, Sumitomo Mitsui Asset Management Company LTD increased its stake in shares of Marriott International by 0.9% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 16,069 shares of the company’s stock valued at $1,067,000 after buying an additional 147 shares during the period. 73.74% of the stock is currently owned by institutional investors and hedge funds.
Shares of Marriott International Inc. (NASDAQ:MAR) traded up 0.09% on Friday, hitting $67.33. The stock had a trading volume of 1,106,707 shares. Marriott International Inc. has a 12 month low of $56.43 and a 12 month high of $79.88. The company has a 50 day moving average price of $68.96 and a 200-day moving average price of $68.76. The stock has a market cap of $17.13 billion, a PE ratio of 20.06 and a beta of 1.28.
Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. Marriott International had a net margin of 5.87% and a negative return on equity of 25.25%. The firm earned $3.90 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter in the previous year, the firm posted $0.82 EPS. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. On average, equities research analysts anticipate that Marriott International Inc. will post $3.63 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 23rd were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend was Wednesday, September 21st. Marriott International’s dividend payout ratio is currently 35.71%.
Several analysts have recently commented on MAR shares. Zacks Investment Research raised Marriott International from a “sell” rating to a “hold” rating in a research note on Monday, August 1st. Evercore ISI raised Marriott International from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a report on Thursday, June 30th. Vetr lowered Marriott International from a “buy” rating to a “hold” rating and set a $74.52 target price for the company. in a report on Tuesday, July 26th. Sanford C. Bernstein began coverage on Marriott International in a report on Thursday, September 8th. They issued an “outperform” rating and a $87.00 target price for the company. Finally, Telsey Advisory Group reduced their target price on Marriott International from $74.00 to $70.00 and set a “market perform” rating for the company in a report on Friday, September 23rd. One analyst has rated the stock with a sell rating, ten have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $78.09.
In related news, EVP Anthony Capuano sold 22,538 shares of the company’s stock in a transaction on Friday, August 19th. The shares were sold at an average price of $73.60, for a total value of $1,658,796.80. Following the completion of the transaction, the executive vice president now owns 76,184 shares of the company’s stock, valued at approximately $5,607,142.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Richard E. Marriott sold 71,287 shares of the company’s stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $70.14, for a total transaction of $5,000,070.18. Following the completion of the transaction, the insider now directly owns 12,223,365 shares of the company’s stock, valued at approximately $857,346,821.10. The disclosure for this sale can be found here. 17.07% of the stock is currently owned by corporate insiders.
Marriott International Company Profile
Marriott International, Inc is a lodging company. The Company is an operator, franchisor and licensor of hotels and timeshare properties in approximately 90 countries and territories under over 20 brand names. It operates through three segments: North American Full-Service, which includes brands, such as The Ritz-Carlton, EDITION, JW Marriott, Autograph Collection Hotels, Marriott Hotels, Delta Hotels and Resorts, and Renaissance Hotels located in the United States and Canada; North American Limited-Service, which includes brands, such as AC Hotels by Marriott, Courtyard, Residence Inn, SpringHill Suites, TownePlace Suites properties and Fairfield Inn & Suites located in the United States and Canada, and International, which includes brands, such as Bulgari Hotels & Resorts, Protea Hotels and Moxy Hotels located outside the United States and Canada.
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