North Star Asset Management Inc. held its position in shares of Marriott International Inc. (NASDAQ:MAR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,742 shares of the company’s stock at the end of the second quarter. North Star Asset Management Inc.’s holdings in Marriott International were worth $515,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Sit Investment Associates Inc. raised its position in Marriott International by 58.2% in the second quarter. Sit Investment Associates Inc. now owns 53,507 shares of the company’s stock worth $3,556,000 after buying an additional 19,675 shares during the period. LMR Partners LLP purchased a new position in Marriott International during the second quarter worth approximately $682,000. Huntington National Bank raised its position in Marriott International by 489.9% in the second quarter. Huntington National Bank now owns 218,342 shares of the company’s stock worth $14,511,000 after buying an additional 181,331 shares during the period. First National Trust Co. raised its position in Marriott International by 7.7% in the second quarter. First National Trust Co. now owns 8,863 shares of the company’s stock worth $589,000 after buying an additional 632 shares during the period. Finally, Jensen Investment Management Inc. bought a new stake in shares of Marriott International during the second quarter worth $401,000. Hedge funds and other institutional investors own 73.92% of the company’s stock.
Marriott International Inc. (NASDAQ:MAR) traded down 0.79% during trading on Monday, hitting $66.92. The stock had a trading volume of 1,631,804 shares. The stock has a market capitalization of $17.02 billion, a PE ratio of 19.94 and a beta of 1.28. The stock’s 50-day moving average is $68.63 and its 200-day moving average is $68.66. Marriott International Inc. has a 52-week low of $56.43 and a 52-week high of $79.88.
Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.05. The business earned $3.90 billion during the quarter, compared to the consensus estimate of $3.91 billion. Marriott International had a negative return on equity of 25.25% and a net margin of 5.87%. The company’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the company earned $0.82 earnings per share. On average, analysts predict that Marriott International Inc. will post $3.63 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 23rd were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend was Wednesday, September 21st. Marriott International’s dividend payout ratio is presently 35.71%.
Several research firms have commented on MAR. Wolfe Research began coverage on shares of Marriott International in a research note on Wednesday, July 6th. They set a “market perform” rating on the stock. Morgan Stanley raised shares of Marriott International from an “equal weight” rating to an “overweight” rating and set a $78.00 price target on the stock in a research note on Monday, September 26th. Vetr downgraded shares of Marriott International from a “buy” rating to a “hold” rating and set a $75.57 price target on the stock. in a research note on Monday, August 8th. Credit Agricole SA raised shares of Marriott International from an “underperform” rating to an “outperform” rating in a research note on Monday, August 15th. Finally, Zacks Investment Research downgraded shares of Marriott International from a “hold” rating to a “sell” rating in a research note on Wednesday, June 29th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $78.09.
In other news, insider Craig S. Smith sold 1,373 shares of the firm’s stock in a transaction dated Tuesday, August 23rd. The stock was sold at an average price of $73.30, for a total value of $100,640.90. Following the completion of the transaction, the insider now directly owns 15,704 shares in the company, valued at $1,151,103.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Anthony Capuano sold 22,538 shares of the firm’s stock in a transaction dated Friday, August 19th. The stock was 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 $5,607,142.40. The disclosure for this sale can be found here. 17.07% of the stock is owned by company 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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