Nationwide Fund Advisors lowered its stake in Marriott International Inc. (NASDAQ:MAR) by 3.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 53,645 shares of the company’s stock after selling 1,743 shares during the period. Nationwide Fund Advisors’ holdings in Marriott International were worth $3,565,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the company. Ameriprise Financial Inc. increased its position in shares of Marriott International by 69.4% in the second quarter. Ameriprise Financial Inc. now owns 2,505,197 shares of the company’s stock worth $166,495,000 after buying an additional 1,026,134 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in shares of Marriott International by 6.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 5,256,964 shares of the company’s stock worth $374,191,000 after buying an additional 327,672 shares during the period. Emerald Acquisition Ltd. acquired a new position in shares of Marriott International during the second quarter worth about $17,989,000. Huntington National Bank increased its position in shares of 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. Finally, Tiverton Asset Management LLC acquired a new position in shares of Marriott International during the first quarter worth about $12,852,000. Institutional investors and hedge funds own 73.73% of the company’s stock.
Marriott International Inc. (NASDAQ:MAR) traded down 0.31% during trading on Thursday, reaching $67.26. The company had a trading volume of 907,894 shares. The firm’s 50 day moving average is $69.98 and its 200 day moving average is $68.87. Marriott International Inc. has a one year low of $56.43 and a one year high of $79.88. The company has a market capitalization of $17.11 billion, a PE ratio of 20.04 and a beta of 1.28.
Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $1.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.05. Marriott International had a negative return on equity of 25.25% and a net margin of 5.87%. The business had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same period in the previous year, the business earned $0.82 earnings per share. The business’s revenue was up 5.8% on a year-over-year basis. On average, equities research analysts predict that Marriott International Inc. will post $3.64 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 23rd were given a $0.30 dividend. The ex-dividend date was Wednesday, September 21st. This represents a $1.20 annualized dividend and a dividend yield of 1.78%. Marriott International’s payout ratio is 35.71%.
MAR has been the topic of a number of recent research reports. Zacks Investment Research raised Marriott International from a “sell” rating to a “hold” rating in a research report on Monday, August 1st. Evercore ISI raised Marriott International from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research report on Thursday, June 30th. Vetr cut Marriott International from a “buy” rating to a “hold” rating and set a $74.52 price target on the stock. in a research report on Tuesday, July 26th. Sanford C. Bernstein initiated coverage on Marriott International in a research report on Thursday, September 8th. They set an “outperform” rating and a $87.00 price target on the stock. Finally, Telsey Advisory Group dropped their price target on Marriott International from $74.00 to $70.00 and set a “market perform” rating on the stock in a research report on Friday, September 23rd. One analyst has rated the stock with a sell rating, ten have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. Marriott International currently has a consensus rating of “Buy” and a consensus price target of $78.09.
In related news, insider Argiris Kyriakidis sold 3,000 shares of the business’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $71.49, for a total value of $214,470.00. Following the sale, the insider now directly owns 21,658 shares in the company, valued at $1,548,330.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Anthony Capuano sold 22,538 shares of the business’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 sale, the executive vice president now owns 76,184 shares in the company, valued at $5,607,142.40. The disclosure for this sale can be found here. 17.07% of the stock is owned by 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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