Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Marriott International (NASDAQ:MAR) by 2.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 950,310 shares of the company’s stock after buying an additional 26,729 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.25% of Marriott International worth $95,326,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of MAR. BlackRock Inc. raised its position in Marriott International by 2,076.2% in the first quarter. BlackRock Inc. now owns 18,978,323 shares of the company’s stock valued at $1,787,379,000 after buying an additional 18,106,240 shares during the last quarter. FMR LLC raised its position in Marriott International by 112.2% in the first quarter. FMR LLC now owns 11,625,543 shares of the company’s stock valued at $1,094,894,000 after buying an additional 6,147,789 shares during the last quarter. TIAA CREF Investment Management LLC raised its position in Marriott International by 35.5% in the first quarter. TIAA CREF Investment Management LLC now owns 2,627,606 shares of the company’s stock valued at $247,468,000 after buying an additional 689,051 shares during the last quarter. Teachers Advisors LLC raised its position in Marriott International by 47.8% in the first quarter. Teachers Advisors LLC now owns 1,638,849 shares of the company’s stock valued at $154,347,000 after buying an additional 530,186 shares during the last quarter. Finally, AXA raised its position in Marriott International by 116.0% in the first quarter. AXA now owns 878,216 shares of the company’s stock valued at $82,710,000 after buying an additional 471,716 shares during the last quarter. Institutional investors own 67.11% of the company’s stock.
Marriott International (MAR) opened at 102.00 on Wednesday. Marriott International has a 12 month low of $65.91 and a 12 month high of $110.51. The firm’s 50-day moving average is $101.71 and its 200-day moving average is $97.16. The company has a market capitalization of $37.99 billion, a PE ratio of 33.48 and a beta of 1.36.
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, topping the Zacks’ consensus estimate of $1.02 by $0.11. The firm had revenue of $5.80 billion for 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%. The business’s revenue was up 48.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.03 earnings per share. Equities analysts anticipate that Marriott International will post $4.14 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 24th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date is Tuesday, August 22nd. Marriott International’s dividend payout ratio is presently 45.52%.
MAR has been the subject of several research reports. J P Morgan Chase & Co restated an “overweight” rating and set a $111.00 price target on shares of Marriott International in a research report on Friday, May 12th. Zacks Investment Research upgraded shares of 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. Canaccord Genuity restated a “buy” rating and set a $113.00 price target (up previously from $100.00) on shares of Marriott International in a research report on Monday, May 8th. BidaskClub lowered shares of Marriott International from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Finally, Guggenheim initiated coverage on shares of Marriott International in a research report on Wednesday, April 26th. They set a “neutral” rating for the company. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have given a buy rating to the company. Marriott International has an average rating of “Hold” and an average target price of $100.08.
In related news, EVP Anthony Capuano sold 5,000 shares of Marriott International stock in a transaction that occurred 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 owns 56,405 shares in the company, valued at $5,681,111.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Stephen Blake Marriott sold 3,733 shares of Marriott International stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $107.44, for a total value of $401,073.52. Following the transaction, the insider now owns 145,601 shares in the company, valued at approximately $15,643,371.44. The disclosure for this sale can be found here. Insiders sold 60,033 shares of company stock worth $6,054,855 over the last ninety days. Corporate insiders own 11.32% 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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