Ameritas Investment Partners Inc. raised its position in shares of Marriott International (NASDAQ:MAR) by 13.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 43,906 shares of the company’s stock after acquiring an additional 5,074 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Marriott International were worth $4,403,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. purchased a new position in shares of Marriott International during the first quarter valued at approximately $115,000. Baker Ellis Asset Management LLC purchased a new position in shares of Marriott International during the second quarter valued at approximately $133,000. North Star Investment Management Corp. lifted its holdings in shares of Marriott International by 3.3% during the second quarter. North Star Investment Management Corp. now owns 1,583 shares of the company’s stock valued at $159,000 after purchasing an additional 50 shares during the last quarter. Regal Wealth Group Inc. lifted its holdings in shares of Marriott International by 0.3% during the second quarter. Regal Wealth Group Inc. now owns 1,637 shares of the company’s stock valued at $164,000 after purchasing an additional 5 shares during the last quarter. Finally, Alexandria Capital LLC lifted its holdings in shares of Marriott International by 0.7% during the second quarter. Alexandria Capital LLC now owns 1,644 shares of the company’s stock valued at $165,000 after purchasing an additional 12 shares during the last quarter. 65.88% of the stock is currently owned by institutional investors and hedge funds.
Shares of Marriott International (NASDAQ MAR) traded up 0.11% during midday trading on Wednesday, reaching $114.21. 479,883 shares of the company’s stock were exchanged. The firm has a market cap of $42.53 billion, a PE ratio of 39.93 and a beta of 1.36. Marriott International has a one year low of $65.91 and a one year high of $114.41. The stock’s 50-day moving average is $106.08 and its 200 day moving average is $101.80.
Marriott International (NASDAQ:MAR) last posted 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 business had revenue of $5.80 billion during the quarter, compared to analysts’ expectations of $5.73 billion. Marriott International had a net margin of 5.27% and a return on equity of 26.26%. The business’s quarterly revenue was up 48.5% on a year-over-year basis. During the same quarter last year, the company posted $1.03 earnings per share. Analysts anticipate that Marriott International will post $4.13 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Thursday, August 24th were issued a $0.33 dividend. The ex-dividend date was Tuesday, August 22nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.16%. Marriott International’s dividend payout ratio is currently 45.52%.
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Several equities analysts have recently issued reports on the stock. J P Morgan Chase & Co reiterated an “overweight” rating and set a $113.00 target price (up from $111.00) on shares of Marriott International in a report on Wednesday, August 9th. Berenberg Bank reiterated a “buy” rating and set a $125.00 target price on shares of Marriott International in a report on Friday, August 18th. BidaskClub upgraded shares of Marriott International from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 8th. Stifel Nicolaus lifted their target price on shares of Marriott International from $95.00 to $98.00 and gave the company a “hold” rating in a report on Tuesday, August 8th. Finally, Wolfe Research upgraded shares of Marriott International from a “market perform” rating to an “outperform” rating in a report on Wednesday, August 30th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the company. Marriott International presently has an average rating of “Hold” and an average target price of $99.68.
In other Marriott International news, EVP Edward A. Ryan sold 6,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the executive vice president now owns 74,406 shares of the company’s stock, valued at $8,035,848. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Juliana B. Marriott sold 8,400 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $100.51, for a total transaction of $844,284.00. Following the completion of the transaction, the insider now directly owns 18,000 shares of the company’s stock, valued at approximately $1,809,180. The disclosure for this sale can be found here. In the last ninety days, insiders sold 110,727 shares of company stock valued at $11,339,600. 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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