Kalos Management Inc. raised its holdings in shares of Marriott International (NASDAQ:MAR) by 3.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,919 shares of the company’s stock after buying an additional 208 shares during the period. Kalos Management Inc.’s holdings in Marriott International were worth $694,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of MAR. Oppenheimer Asset Management Inc. purchased a new stake in Marriott International during the first quarter valued at about $115,000. Baker Ellis Asset Management LLC purchased a new stake in Marriott International during the second quarter valued at about $133,000. North Star Investment Management Corp. boosted its position in 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 buying an additional 50 shares during the period. Regal Wealth Group Inc. boosted its position in 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 buying an additional 5 shares during the period. Finally, Alexandria Capital LLC boosted its position in 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 buying an additional 12 shares during the period. Institutional investors and hedge funds own 65.88% of the company’s stock.
Several analysts have issued reports on the stock. BidaskClub lowered shares of Marriott International from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 5th. Robert W. Baird restated a “hold” rating and set a $103.00 price target on shares of Marriott International in a research report on Sunday, September 17th. Wolfe Research upgraded shares of Marriott International from a “market perform” rating to an “outperform” rating in a research report on Wednesday, August 30th. Berenberg Bank restated a “buy” rating and set a $125.00 price target on shares of Marriott International in a research report on Friday, August 18th. Finally, UBS AG reaffirmed a “neutral” rating and set a $101.00 price objective (up from $98.00) on shares of Marriott International in a research note on Monday, August 14th. One analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $99.68.
In other Marriott International news, insider Juliana B. Marriott sold 8,400 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $100.51, for a total value of $844,284.00. Following the completion of the sale, the insider now directly owns 18,000 shares of the company’s stock, valued at approximately $1,809,180. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider B. Marriott Marital Tr Juliana sold 30,000 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $99.84, for a total transaction of $2,995,200.00. Following the completion of the sale, the insider now owns 493,896 shares of the company’s stock, valued at approximately $49,310,576.64. The disclosure for this sale can be found here. Over the last three months, insiders sold 110,727 shares of company stock valued at $11,339,600. 11.32% of the stock is owned by corporate insiders.
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Marriott International (NASDAQ:MAR) traded up 0.0319% during trading on Wednesday, reaching $114.1164. 500,510 shares of the company were exchanged. Marriott International has a 1-year low of $65.91 and a 1-year high of $114.41. The company’s 50-day moving average price is $106.08 and its 200-day moving average price is $101.80. The stock has a market capitalization of $42.50 billion, a P/E ratio of 39.9008 and a beta of 1.36.
Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Monday, August 7th. The company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.11. The company 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 firm’s quarterly revenue was up 48.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.03 EPS. On average, equities analysts forecast that Marriott International will post $4.13 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Thursday, August 24th were given a $0.33 dividend. The ex-dividend date was Tuesday, August 22nd. This represents a $1.32 annualized dividend and a yield of 1.16%. Marriott International’s dividend payout ratio (DPR) is 45.52%.
Marriott International 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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