Numeric Investors LLC Buys New Position in Marriott International (MAR)

Numeric Investors LLC bought a new position in shares of Marriott International (NASDAQ:MAR) during the second quarter, according to its most recent filing with the SEC. The fund bought 7,700 shares of the company’s stock, valued at approximately $772,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. bought a new stake in Marriott International in the 1st quarter valued at about $115,000. Baker Ellis Asset Management LLC bought a new stake in Marriott International in the 2nd quarter valued at about $133,000. North Star Investment Management Corp. raised its stake in Marriott International by 3.3% in the 2nd 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. raised its stake in Marriott International by 0.3% in the 2nd 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 raised its stake in Marriott International by 0.7% in the 2nd 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. Institutional investors own 65.88% of the company’s stock.

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In other Marriott International news, EVP Edward A. Ryan sold 4,453 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $103.81, for a total transaction of $462,265.93. Following the completion of the transaction, the executive vice president now owns 80,406 shares in the company, valued at approximately $8,346,946.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Edward A. Ryan sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $108.00, for a total value of $648,000.00. Following the transaction, the executive vice president now owns 74,406 shares of the company’s stock, valued at approximately $8,035,848. The disclosure for this sale can be found here. Insiders have sold a total of 110,727 shares of company stock valued at $11,339,600 in the last 90 days. 11.32% of the stock is currently owned by company insiders.

Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Monday, August 7th. The company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.11. The business had revenue of $5.80 billion during the quarter, compared to analysts’ expectations of $5.73 billion. Marriott International had a return on equity of 26.26% and a net margin of 5.27%. The firm’s revenue for the quarter was up 48.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.03 EPS.

The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Thursday, August 24th were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend was Tuesday, August 22nd. Marriott International’s dividend payout ratio is presently 45.52%.

A number of equities research analysts recently issued reports on the company. BidaskClub upgraded Marriott International from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 8th. Zacks Investment Research upgraded Marriott International from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. UBS AG restated a “neutral” rating and issued a $101.00 price objective (up from $98.00) on shares of Marriott International in a research note on Monday, August 14th. Stifel Nicolaus boosted their price objective on Marriott International from $95.00 to $98.00 and gave the company a “hold” rating in a research note on Tuesday, August 8th. Finally, Robert W. Baird boosted their price objective on Marriott International from $101.00 to $103.00 and gave the company a “neutral” rating in a research note on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Marriott International has a consensus rating of “Buy” and an average price target of $99.68.

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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Institutional Ownership by Quarter for Marriott International (NASDAQ:MAR)

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