Lucus Advisors LLC cut its stake in Marriott International Inc. (NASDAQ:MAR) by 27.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,283 shares of the company’s stock after selling 2,042 shares during the period. Lucus Advisors LLC’s holdings in Marriott International were worth $351,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the company. North Star Investment Management Corp. raised its stake in Marriott International by 29.6% in the second quarter. North Star Investment Management Corp. now owns 1,533 shares of the company’s stock valued at $102,000 after buying an additional 350 shares during the last quarter. Monetary Management Group Inc. acquired a new stake in Marriott International during the first quarter valued at about $126,000. Gradient Investments LLC raised its stake in Marriott International by 0.4% in the second quarter. Gradient Investments LLC now owns 1,958 shares of the company’s stock valued at $130,000 after buying an additional 8 shares during the last quarter. Acrospire Investment Management LLC acquired a new stake in Marriott International during the first quarter valued at about $142,000. Finally, Mercer Capital Advisers Inc. raised its stake in Marriott International by 250.0% in the second quarter. Mercer Capital Advisers Inc. now owns 2,800 shares of the company’s stock valued at $186,000 after buying an additional 2,000 shares during the last quarter. 73.73% of the stock is owned by institutional investors.
Marriott International Inc. (NASDAQ:MAR) traded down 0.42% during trading on Thursday, reaching $67.10. 3,182,593 shares of the company’s stock traded hands. The firm’s 50 day moving average is $70.56 and its 200-day moving average is $69.01. The company has a market capitalization of $17.07 billion, a price-to-earnings ratio of 19.99 and a beta of 1.25. Marriott International Inc. has a 12 month low of $56.43 and a 12 month high of $79.88.
Marriott International (NASDAQ:MAR) last announced its earnings results on Wednesday, July 27th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 business had revenue of $3.90 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same quarter in the previous year, the firm posted $0.82 earnings per share. Marriott International’s revenue was up 5.8% compared to the same quarter last year. Analysts expect that Marriott International Inc. will post $3.63 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 23rd will be 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 is Wednesday, September 21st. Marriott International’s dividend payout ratio (DPR) is presently 35.71%.
Several research firms have recently issued reports on MAR. Wolfe Research began coverage on shares of Marriott International in a research report on Wednesday, July 6th. They issued a “market perform” rating for the company. Morgan Stanley raised shares of Marriott International from an “equal weight” rating to an “overweight” rating and set a $78.00 price objective for the company in a research report on Monday. Vetr raised shares of Marriott International from a “buy” rating to a “strong-buy” rating and set a $75.10 price target for the company in a report on Monday, June 13th. Credit Agricole SA raised shares of Marriott International from an “underperform” rating to an “outperform” rating in a report on Monday, August 15th. Finally, Zacks Investment Research lowered shares of Marriott International from a “hold” rating to a “sell” rating in a report on Wednesday, June 29th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $78.09.
In other Marriott International news, insider Argiris Kyriakidis sold 3,000 shares of the business’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $71.49, for a total value of $214,470.00. Following the sale, the insider now owns 21,658 shares of the company’s stock, valued at approximately $1,548,330.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Anthony Capuano sold 22,538 shares of the business’s stock in a transaction on Friday, August 19th. The shares were sold at an average price of $73.60, for a total transaction of $1,658,796.80. Following the completion of the sale, the executive vice president now directly owns 76,184 shares in the company, valued at approximately $5,607,142.40. The disclosure for this sale can be found here. 17.07% of the stock is currently 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 also develops, operates and markets residential properties, and provides services to home or condominium owner associations.
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