Sumitomo Mitsui Trust Holdings Inc. decreased its position in Marriott International Inc. (NASDAQ:MAR) by 0.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 598,471 shares of the company’s stock after selling 25 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.24% of Marriott International worth $39,774,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. Gradient Investments LLC raised its stake in shares of Marriott International by 0.4% in the second quarter. Gradient Investments LLC now owns 1,958 shares of the company’s stock valued at $130,000 after buying an additional 8 shares during the period. Bessemer Group Inc. raised its stake in shares of Marriott International by 0.7% in the first quarter. Bessemer Group Inc. now owns 4,833 shares of the company’s stock valued at $344,000 after buying an additional 35 shares during the period. Trust Co. of Virginia VA raised its stake in shares of Marriott International by 1.2% in the second quarter. Trust Co. of Virginia VA now owns 3,579 shares of the company’s stock valued at $237,000 after buying an additional 41 shares during the period. Glenmede Trust Co. NA raised its stake in shares of Marriott International by 2.3% in the first quarter. Glenmede Trust Co. NA now owns 3,929 shares of the company’s stock valued at $279,000 after buying an additional 87 shares during the period. Finally, Checchi Capital Advisers LLC raised its stake in shares of Marriott International by 5.4% in the second quarter. Checchi Capital Advisers LLC now owns 2,864 shares of the company’s stock valued at $190,000 after buying an additional 146 shares during the period. Institutional investors own 73.92% of the company’s stock.

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

Marriott International Inc. (NASDAQ:MAR) traded up 1.36% during trading on Tuesday, hitting $67.83. The stock had a trading volume of 2,935,803 shares. The stock has a 50 day moving average price of $68.63 and a 200-day moving average price of $68.66. The stock has a market cap of $17.26 billion, a price-to-earnings ratio of 20.21 and a beta of 1.28. Marriott International Inc. has a 12 month low of $56.43 and a 12 month high of $79.88.

Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Wednesday, July 27th. The company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.05. The business earned $3.90 billion during the quarter, compared to analysts’ expectations of $3.91 billion. Marriott International had a negative return on equity of 25.25% and a net margin of 5.87%. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.82 EPS. On average, equities analysts predict that Marriott International Inc. will post $3.63 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 23rd were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.77%. The ex-dividend date was Wednesday, September 21st. Marriott International’s dividend payout ratio is presently 35.71%.

MAR has been the subject of a number of recent analyst reports. Vetr lowered Marriott International from a “strong-buy” rating to a “buy” rating and set a $75.10 target price for the company. in a report on Monday, June 20th. Zacks Investment Research lowered Marriott International from a “hold” rating to a “sell” rating in a report on Wednesday, June 29th. Evercore ISI raised Marriott International from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a report on Thursday, June 30th. Wolfe Research initiated coverage on Marriott International in a report on Wednesday, July 6th. They set a “market perform” rating for the company. Finally, Morgan Stanley reduced their target price on Marriott International from $74.00 to $73.00 and set an “equal weight” rating for the company in a report on Thursday, July 28th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $78.09.

In other Marriott International news, major shareholder Richard E. Marriott sold 71,287 shares of the firm’s stock in a transaction that occurred on Thursday, September 22nd. The stock was sold at an average price of $70.14, for a total transaction of $5,000,070.18. Following the completion of the transaction, the insider now owns 12,223,365 shares in the company, valued at approximately $857,346,821.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Anthony Capuano sold 22,538 shares of the firm’s stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $73.60, for a total value of $1,658,796.80. Following the transaction, the executive vice president now owns 76,184 shares of the company’s stock, valued at approximately $5,607,142.40. The disclosure for this sale can be found here. Company insiders own 17.07% of the company’s stock.

About Marriott International

Marriott International, Inc is a lodging company. The Company is an operator, franchisor and licensor of hotels and timeshare properties in approximately 90 countries and territories under over 20 brand names. It operates through three segments: North American Full-Service, which includes brands, such as The Ritz-Carlton, EDITION, JW Marriott, Autograph Collection Hotels, Marriott Hotels, Delta Hotels and Resorts, and Renaissance Hotels located in the United States and Canada; North American Limited-Service, which includes brands, such as AC Hotels by Marriott, Courtyard, Residence Inn, SpringHill Suites, TownePlace Suites properties and Fairfield Inn & Suites located in the United States and Canada, and International, which includes brands, such as Bulgari Hotels & Resorts, Protea Hotels and Moxy Hotels located outside the United States and Canada.

5 Day Chart for NASDAQ:MAR

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