Sciencast Management LP acquired a new position in shares of Marriott International (NASDAQ:MAR) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,161 shares of the company’s stock, valued at approximately $217,000.
A number of other hedge funds also recently added to or reduced their stakes in the business. Oppenheimer Asset Management Inc. bought a new stake in shares of Marriott International in the first quarter valued at about $115,000. Baker Ellis Asset Management LLC bought a new stake in shares of Marriott International in the second quarter valued at about $133,000. North Star Investment Management Corp. boosted its position in shares of Marriott International by 3.3% in the second quarter. North Star Investment Management Corp. now owns 1,583 shares of the company’s stock valued at $159,000 after acquiring an additional 50 shares during the period. Regal Wealth Group Inc. boosted its position in shares of Marriott International by 0.3% in the second quarter. Regal Wealth Group Inc. now owns 1,637 shares of the company’s stock valued at $164,000 after acquiring an additional 5 shares during the period. Finally, Alexandria Capital LLC boosted its position in shares of Marriott International by 0.7% in the second quarter. Alexandria Capital LLC now owns 1,644 shares of the company’s stock valued at $165,000 after acquiring an additional 12 shares during the period. 65.88% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Juliana B. Marriott sold 8,400 shares of Marriott International stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $100.51, for a total transaction of $844,284.00. Following the completion of the sale, the insider now owns 18,000 shares in the company, valued at approximately $1,809,180. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Anthony Capuano sold 13,736 shares of Marriott International stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $107.78, for a total value of $1,480,466.08. Following the sale, the executive vice president now owns 42,669 shares of the company’s stock, valued at approximately $4,598,864.82. The disclosure for this sale can be found here. In the last quarter, insiders have sold 110,727 shares of company stock valued at $11,339,600. Corporate insiders own 11.32% of the company’s stock.
Marriott International (MAR) opened at 114.34 on Wednesday. The firm’s 50-day moving average price is $106.08 and its 200 day moving average price is $101.80. The firm has a market cap of $42.58 billion, a P/E ratio of 37.53 and a beta of 1.36. Marriott International has a 52 week low of $65.91 and a 52 week high of $114.41.
Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Monday, August 7th. The company reported $1.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.11. The firm had revenue of $5.80 billion during the quarter, compared to the consensus estimate of $5.73 billion. Marriott International had a return on equity of 26.26% and a net margin of 5.27%. The company’s revenue for the quarter was up 48.5% on a year-over-year basis. During the same quarter last year, the company posted $1.03 EPS. Equities analysts forecast that Marriott International will post $4.13 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Thursday, August 24th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, August 22nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.16%. Marriott International’s dividend payout ratio (DPR) is presently 45.52%.
MAR has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Marriott International from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. BidaskClub cut shares of Marriott International from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 5th. Robert W. Baird reissued a “hold” rating and issued a $103.00 target price on shares of Marriott International in a research report on Sunday, September 17th. UBS AG reissued a “neutral” rating and issued a $101.00 target price (up previously from $98.00) on shares of Marriott International in a research report on Monday, August 14th. Finally, Wolfe Research raised shares of Marriott International from a “market perform” rating to an “outperform” rating in a research report on Wednesday, August 30th. One 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 stock. The company currently has an average rating of “Hold” and a consensus price target of $99.68.
About Marriott International
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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