Meyer Handelman Co. held its position in Marriott International (NASDAQ:MAR) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,040 shares of the company’s stock at the end of the second quarter. Meyer Handelman Co.’s holdings in Marriott International were worth $305,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Gradient Investments LLC raised its position in Marriott International by 0.3% in the second quarter. Gradient Investments LLC now owns 2,011 shares of the company’s stock worth $202,000 after buying an additional 6 shares in the last quarter. Geneva Advisors LLC raised its position in Marriott International by 1.3% in the first quarter. Geneva Advisors LLC now owns 2,893 shares of the company’s stock worth $272,000 after buying an additional 38 shares in the last quarter. Dumont & Blake Investment Advisors LLC raised its position in Marriott International by 0.5% in the first quarter. Dumont & Blake Investment Advisors LLC now owns 8,741 shares of the company’s stock worth $823,000 after buying an additional 45 shares in the last quarter. First Midwest Bank Trust Division raised its position in Marriott International by 1.5% in the first quarter. First Midwest Bank Trust Division now owns 3,360 shares of the company’s stock worth $316,000 after buying an additional 50 shares in the last quarter. Finally, North Star Investment Management Corp. raised its position in Marriott International by 3.3% in the second quarter. North Star Investment Management Corp. now owns 1,583 shares of the company’s stock worth $159,000 after buying an additional 50 shares in the last quarter. Institutional investors own 66.98% of the company’s stock.
Marriott International (NASDAQ:MAR) traded up 0.44% during mid-day trading on Friday, reaching $102.85. The company’s stock had a trading volume of 1,363,918 shares. The firm has a market cap of $38.97 billion, a PE ratio of 36.43 and a beta of 1.35. Marriott International has a 12-month low of $65.91 and a 12-month high of $110.51. The company has a 50-day moving average price of $103.04 and a 200-day moving average price of $94.22.
Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Monday, May 8th. The company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.11. The firm had revenue of $5.56 billion for the quarter, compared to analysts’ expectations of $5.28 billion. Marriott International had a return on equity of 38.10% and a net margin of 4.91%. The company’s revenue was up 47.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.87 EPS. On average, equities research analysts expect that Marriott International will post $4.04 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Friday, May 19th were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 1.28%. This is a boost from Marriott International’s previous quarterly dividend of $0.30. The ex-dividend date was Wednesday, May 17th. Marriott International’s dividend payout ratio is presently 47.48%.
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A number of research analysts have recently weighed in on the company. Vetr upgraded Marriott International from a “hold” rating to a “buy” rating and set a $96.50 target price on the stock in a report on Tuesday, April 11th. Stifel Nicolaus reaffirmed a “hold” rating and set a $95.00 price target (up from $87.00) on shares of Marriott International in a research report on Tuesday, May 9th. Canaccord Genuity reaffirmed a “buy” rating and set a $113.00 price target (up from $100.00) on shares of Marriott International in a research report on Monday, May 8th. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $111.00 price target on shares of Marriott International in a research report on Friday, May 12th. Finally, Zacks Investment Research raised Marriott International from a “hold” rating to a “buy” rating and set a $115.00 price target for the company in a research report on Tuesday, May 16th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Marriott International currently has an average rating of “Hold” and an average target price of $97.97.
In other news, EVP Anthony Capuano sold 5,000 shares of the stock in a transaction on Friday, June 30th. The stock was sold at an average price of $100.72, for a total transaction of $503,600.00. Following the transaction, the executive vice president now directly owns 56,405 shares of the company’s stock, valued at approximately $5,681,111.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mary K. Bush sold 1,200 shares of the stock in a transaction on Friday, June 30th. The shares were sold at an average price of $100.89, for a total value of $121,068.00. Following the transaction, the director now directly owns 1,101 shares in the company, valued at $111,079.89. The disclosure for this sale can be found here. Insiders have sold a total of 55,117 shares of company stock worth $5,685,295 over the last three months. Insiders own 17.07% of the company’s stock.
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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