Glenview State Bank Trust DEPT. bought a new stake in Marriott International (NASDAQ:MAR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,000 shares of the company’s stock, valued at approximately $201,000.
Other large investors have also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. bought a new stake in shares of Marriott International during the first quarter worth about $115,000. High Point Bank & Trust Co. raised its position in shares of Marriott International by 11.5% in the fourth quarter. High Point Bank & Trust Co. now owns 1,450 shares of the company’s stock valued at $120,000 after buying an additional 149 shares in the last quarter. TrimTabs Asset Management LLC raised its position in shares of Marriott International by 89.1% in the first quarter. TrimTabs Asset Management LLC now owns 1,562 shares of the company’s stock valued at $147,000 after buying an additional 736 shares in the last quarter. North Star Investment Management Corp. raised 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 buying an additional 50 shares in the last quarter. Finally, First Bank & Trust raised its position in Marriott International by 3.6% in the first quarter. First Bank & Trust now owns 1,681 shares of the company’s stock valued at $158,000 after buying an additional 59 shares during the period. 67.03% of the stock is owned by institutional investors.
Shares of Marriott International (NASDAQ MAR) traded down 0.69% during trading on Friday, hitting $103.34. The stock had a trading volume of 2,005,157 shares. Marriott International has a 12-month low of $65.91 and a 12-month high of $110.51. The stock’s 50 day moving average is $102.38 and its 200-day moving average is $95.04. The company has a market cap of $39.15 billion, a PE ratio of 36.61 and a beta of 1.35.
Marriott International (NASDAQ:MAR) last posted its earnings results on Monday, May 8th. The company reported $1.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.11. Marriott International had a net margin of 4.91% and a return on equity of 38.10%. The firm had revenue of $5.56 billion for the quarter, compared to the consensus estimate of $5.28 billion. During the same period in the prior year, the business posted $0.87 earnings per share. The business’s quarterly revenue was up 47.4% on a year-over-year basis. Analysts forecast 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. Shareholders of record on Friday, May 19th were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 1.28%. This is a boost from Marriott International’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Wednesday, May 17th. Marriott International’s dividend payout ratio is 47.48%.
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MAR has been the topic of several analyst reports. Goldman Sachs Group, Inc. (The) lowered Marriott International from a “conviction-buy” rating to a “buy” rating and set a $105.00 target price on the stock. in a research note on Tuesday, April 11th. Guggenheim initiated coverage on Marriott International in a research note on Wednesday, April 26th. They issued a “neutral” rating on the stock. BidaskClub lowered Marriott International from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Barclays PLC reissued a “hold” rating and issued a $105.00 price target on shares of Marriott International in a report on Friday, May 12th. Finally, Zacks Investment Research downgraded Marriott International from a “buy” rating to a “hold” rating in a report on Monday, May 29th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company. Marriott International currently has an average rating of “Hold” and a consensus target price of $97.97.
In other Marriott International news, EVP Anthony Capuano sold 5,000 shares of the firm’s stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $100.72, for a total transaction of $503,600.00. Following the completion of the transaction, the executive vice president now owns 56,405 shares in the company, valued at $5,681,111.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Stephen Blake Marriott sold 3,733 shares of the firm’s stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $107.44, for a total transaction of $401,073.52. Following the transaction, the insider now owns 145,601 shares of the company’s stock, valued at approximately $15,643,371.44. The disclosure for this sale can be found here. Insiders have sold 55,117 shares of company stock valued at $5,685,295 over the last 90 days. Corporate 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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