Green Valley Investors LLC cut its position in shares of Marriott International (NASDAQ:MAR) by 3.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 664,478 shares of the company’s stock after selling 26,066 shares during the quarter. Marriott International makes up about 3.2% of Green Valley Investors LLC’s investment portfolio, making the stock its 13th largest position. Green Valley Investors LLC owned 0.18% of Marriott International worth $66,654,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the company. Riverhead Capital Management LLC increased its position in shares of Marriott International by 0.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 24,118 shares of the company’s stock valued at $2,419,000 after purchasing an additional 109 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Marriott International by 12.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,753 shares of the company’s stock valued at $175,000 after purchasing an additional 196 shares during the last quarter. Dai Ichi Life Insurance Company Ltd increased its position in shares of Marriott International by 99.2% during the 2nd quarter. Dai Ichi Life Insurance Company Ltd now owns 37,094 shares of the company’s stock valued at $3,721,000 after purchasing an additional 18,471 shares during the last quarter. Columbia Asset Management increased its position in shares of Marriott International by 1.0% during the 2nd quarter. Columbia Asset Management now owns 7,325 shares of the company’s stock valued at $734,000 after purchasing an additional 75 shares during the last quarter. Finally, HPM Partners LLC increased its position in shares of Marriott International by 127.0% during the 2nd quarter. HPM Partners LLC now owns 15,104 shares of the company’s stock valued at $391,000 after purchasing an additional 8,450 shares during the last quarter. Hedge funds and other institutional investors own 65.93% of the company’s stock.
MAR has been the topic of several recent research reports. Zacks Investment Research upgraded Marriott International from a “hold” rating to a “buy” rating and set a $115.00 price target on the stock in a research report on Tuesday, May 16th. Wolfe Research upgraded Marriott International from a “market perform” rating to an “outperform” rating in a research report on Wednesday, August 30th. BidaskClub lowered Marriott International from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Berenberg Bank restated a “buy” rating and set a $125.00 price target on shares of Marriott International in a research report on Friday, August 18th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $109.00 price target (up from $92.00) on shares of Marriott International in a research report on Monday, June 12th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $100.81.
Marriott International (NASDAQ MAR) traded up 0.73% on Monday, hitting $104.19. The stock had a trading volume of 1,196,417 shares. The stock’s 50-day moving average is $102.00 and its 200 day moving average is $98.53. Marriott International has a 1-year low of $65.91 and a 1-year high of $110.51. The firm has a market capitalization of $38.80 billion, a price-to-earnings ratio of 34.19 and a beta of 1.36.
Marriott International (NASDAQ:MAR) last posted its earnings results on Monday, August 7th. The company reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.11. The company had revenue of $5.80 billion during the quarter, compared to analyst estimates of $5.73 billion. Marriott International had a return on equity of 26.26% and a net margin of 5.27%. Marriott International’s revenue was up 48.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.03 earnings per share. On average, equities research analysts predict that Marriott International will post $4.13 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 24th will be issued a dividend of $0.33 per share. The ex-dividend date is Tuesday, August 22nd. This represents a $1.32 dividend on an annualized basis and a yield of 1.28%. Marriott International’s dividend payout ratio is currently 45.52%.
In other Marriott International news, insider J W. Marriott, Jr. sold 26,362 shares of the company’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $101.78, for a total transaction of $2,683,124.36. Following the completion of the sale, the insider now owns 203,286 shares in the company, valued at $20,690,449.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider B. Marriott Marital Tr Juliana sold 30,000 shares of the company’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $99.84, for a total value of $2,995,200.00. Following the sale, the insider now owns 493,896 shares of the company’s stock, valued at approximately $49,310,576.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 97,491 shares of company stock valued at $9,857,627. 11.32% of the stock is owned by company insiders.
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Marriott International 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.
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