Quadrant Capital Group LLC Sells 185 Shares of Marriott International (MAR)

Quadrant Capital Group LLC lessened its position in shares of Marriott International (NASDAQ:MAR) by 10.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,640 shares of the company’s stock after selling 185 shares during the quarter. Quadrant Capital Group LLC’s holdings in Marriott International were worth $158,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in MAR. Regal Wealth Group Inc. boosted its stake in Marriott International by 0.3% in the 2nd quarter. Regal Wealth Group Inc. now owns 1,637 shares of the company’s stock valued at $164,000 after buying an additional 5 shares in the last quarter. Gradient Investments LLC boosted its stake in Marriott International by 0.3% in the 2nd quarter. Gradient Investments LLC now owns 2,011 shares of the company’s stock valued at $202,000 after buying an additional 6 shares in the last quarter. Family Firm Inc. boosted its stake in Marriott International by 0.3% in the 2nd quarter. Family Firm Inc. now owns 2,931 shares of the company’s stock valued at $294,000 after buying an additional 8 shares in the last quarter. Alexandria Capital LLC boosted its stake in Marriott International by 0.7% in the 2nd quarter. Alexandria Capital LLC now owns 1,644 shares of the company’s stock valued at $165,000 after buying an additional 12 shares in the last quarter. Finally, First Bank & Trust boosted its stake in Marriott International by 1.2% in the 2nd quarter. First Bank & Trust now owns 1,701 shares of the company’s stock valued at $171,000 after buying an additional 20 shares in the last quarter. 65.88% of the stock is currently owned by institutional investors.

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In related news, insider Argiris Kyriakidis sold 3,000 shares of the firm’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $107.84, for a total transaction of $323,520.00. Following the sale, the insider now owns 16,079 shares of the company’s stock, valued at approximately $1,733,959.36. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider B. Marriott Marital Tr Juliana sold 30,000 shares of the firm’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $99.84, for a total value 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 disclosure for this sale can be found here. In the last three months, insiders have sold 110,727 shares of company stock worth $11,339,600. 11.32% of the stock is currently owned by company insiders.

Several brokerages recently commented on MAR. BidaskClub raised Marriott International from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 8th. Zacks Investment Research raised Marriott International from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. UBS AG reaffirmed a “neutral” rating and issued a $101.00 price target (up previously from $98.00) on shares of Marriott International in a research note on Monday, August 14th. Stifel Nicolaus boosted their price target on Marriott International from $95.00 to $98.00 and gave the company a “hold” rating in a research note on Tuesday, August 8th. Finally, Robert W. Baird boosted their price target on Marriott International from $101.00 to $103.00 and gave the company a “neutral” rating in a research note on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $99.68.

Marriott International (NASDAQ:MAR) traded down 0.08% during midday trading on Wednesday, hitting $113.99. The stock had a trading volume of 181,515 shares. Marriott International has a 52 week low of $65.91 and a 52 week high of $114.41. The company has a market capitalization of $42.45 billion, a PE ratio of 39.86 and a beta of 1.36. The company’s 50-day moving average price is $106.08 and its 200 day moving average price is $101.80.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Monday, August 7th. The company reported $1.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.11. Marriott International had a return on equity of 26.26% and a net margin of 5.27%. The company had revenue of $5.80 billion for the quarter, compared to the consensus estimate of $5.73 billion. During the same quarter last year, the business posted $1.03 EPS. Marriott International’s revenue for the quarter was up 48.5% on a year-over-year basis. On average, analysts expect that Marriott International will post $4.13 EPS for the current year.

The company also recently disclosed 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. This represents a $1.32 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend was Tuesday, August 22nd. Marriott International’s dividend payout ratio (DPR) is 45.52%.

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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Institutional Ownership by Quarter for Marriott International (NASDAQ:MAR)

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