Janus Henderson Group PLC lifted its stake in Marriott International (NASDAQ:MAR) by 1,881.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 887,490 shares of the company’s stock after acquiring an additional 842,696 shares during the quarter. Janus Henderson Group PLC owned 0.24% of Marriott International worth $89,025,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Marriott International by 1.7% in the second quarter. Vanguard Group Inc. now owns 19,999,062 shares of the company’s stock worth $2,006,106,000 after acquiring an additional 331,586 shares during the period. BlackRock Inc. grew its stake in shares of Marriott International by 2,076.2% in the first quarter. BlackRock Inc. now owns 18,978,323 shares of the company’s stock worth $1,787,379,000 after acquiring an additional 18,106,240 shares during the period. FMR LLC grew its stake in shares of Marriott International by 32.5% in the second quarter. FMR LLC now owns 15,406,182 shares of the company’s stock worth $1,545,394,000 after acquiring an additional 3,780,639 shares during the period. State Street Corp grew its stake in shares of Marriott International by 0.5% in the first quarter. State Street Corp now owns 14,173,107 shares of the company’s stock worth $1,334,828,000 after acquiring an additional 73,403 shares during the period. Finally, Capital Research Global Investors grew its stake in shares of Marriott International by 7.2% in the second quarter. Capital Research Global Investors now owns 12,763,000 shares of the company’s stock worth $1,280,257,000 after acquiring an additional 862,710 shares during the period. Hedge funds and other institutional investors own 65.88% of the company’s stock.
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In related news, insider B. Marriott Marital Tr Juliana sold 30,000 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $99.84, for a total transaction of $2,995,200.00. Following the sale, the insider now directly owns 493,896 shares in the company, valued at approximately $49,310,576.64. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider David S. Marriott sold 8,400 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $100.51, for a total value of $844,284.00. Following the sale, the insider now owns 629,136 shares in the company, valued at $63,234,459.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 110,727 shares of company stock worth $11,339,600. Company insiders own 11.32% of the company’s stock.
Several brokerages recently issued reports on MAR. Wolfe Research upgraded shares of Marriott International from a “market perform” rating to an “outperform” rating in a research report on Wednesday, August 30th. Zacks Investment Research lowered shares of Marriott International from a “buy” rating to a “sell” rating in a research report on Tuesday, July 11th. BidaskClub lowered shares of Marriott International from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Robert W. Baird restated a “hold” rating and set a $103.00 target price on shares of Marriott International in a research report on Sunday, September 17th. Finally, Berenberg Bank restated a “buy” rating and set a $125.00 target price on shares of Marriott International in a research report on Friday, August 18th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have issued a buy rating to the company. Marriott International has a consensus rating of “Hold” and an average price target of $99.68.
Marriott International (NASDAQ:MAR) opened at 114.08 on Wednesday. Marriott International has a 12-month low of $65.91 and a 12-month high of $114.11. The stock has a 50 day moving average of $106.08 and a 200 day moving average of $101.80. The stock has a market cap of $42.49 billion, a P/E ratio of 37.44 and a beta of 1.36.
Marriott International (NASDAQ:MAR) last announced its earnings results on Monday, August 7th. The company reported $1.13 EPS for the quarter, beating the consensus estimate of $1.02 by $0.11. The business had revenue of $5.80 billion for 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 was up 48.5% on a year-over-year basis. During the same period last year, the business posted $1.03 EPS. On average, equities research analysts anticipate that Marriott International will post $4.13 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Thursday, August 24th were issued a dividend of $0.33 per share. The ex-dividend date was Tuesday, August 22nd. This represents a $1.32 annualized dividend and a dividend yield of 1.16%. Marriott International’s payout ratio is currently 45.52%.
Marriott International Company 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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