Lodestar Investment Counsel LLC IL continued to hold its stake in Marriott International (NASDAQ:MAR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,346 shares of the company’s stock at the end of the second quarter. Lodestar Investment Counsel LLC IL’s holdings in Marriott International were worth $235,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Marriott International by 1.6% in the first quarter. Vanguard Group Inc. now owns 19,667,476 shares of the company’s stock valued at $1,852,283,000 after buying an additional 303,078 shares during the period. BlackRock Inc. raised its position 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 valued at $1,787,379,000 after buying an additional 18,106,240 shares during the last quarter. State Street Corp raised its position 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 valued at $1,334,828,000 after buying an additional 73,403 shares during the last quarter. FMR LLC raised its position in shares of Marriott International by 112.2% in the first quarter. FMR LLC now owns 11,625,543 shares of the company’s stock valued at $1,094,894,000 after buying an additional 6,147,789 shares during the last quarter. Finally, Morgan Stanley raised its position in shares of Marriott International by 0.6% in the first quarter. Morgan Stanley now owns 5,079,669 shares of the company’s stock valued at $478,403,000 after buying an additional 27,814 shares during the last quarter. 67.06% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Marriott International (MAR) opened at 105.02 on Monday. The firm’s 50-day moving average is $102.52 and its 200-day moving average is $95.55. The firm has a market capitalization of $39.79 billion, a P/E ratio of 37.20 and a beta of 1.36. Marriott International has a 52 week low of $65.91 and a 52 week high of $110.51.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Monday, May 8th. The company reported $1.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.11. Marriott International had a return on equity of 38.10% and a net margin of 4.91%. The firm had revenue of $5.56 billion for the quarter, compared to analysts’ expectations of $5.28 billion. During the same period in the prior year, the business posted $0.87 earnings per share. The company’s revenue was up 47.4% on a year-over-year basis. Equities analysts anticipate that Marriott International will post $4.04 EPS for the current year.

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Several equities analysts have recently weighed in on MAR shares. Goldman Sachs Group, Inc. (The) lowered shares of Marriott International from a “conviction-buy” rating to a “buy” rating and set a $105.00 price objective on the stock. in a research report on Tuesday, April 11th. Guggenheim started coverage on shares of Marriott International in a research report on Wednesday, April 26th. They issued a “neutral” rating on the stock. BidaskClub lowered shares of Marriott International from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Barclays PLC reissued a “hold” rating and issued a $105.00 price objective on shares of Marriott International in a research report on Friday, May 12th. Finally, Zacks Investment Research lowered shares of Marriott International from a “buy” rating to a “hold” rating in a research report on Monday, May 29th. Two analysts have rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $97.97.

In other news, Director Mary K. Bush sold 1,200 shares of the company’s stock in a transaction dated Friday, June 30th. The stock was sold at an average price of $100.89, for a total transaction of $121,068.00. Following the sale, the director now directly owns 1,101 shares in the company, valued at $111,079.89. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Anthony Capuano sold 5,000 shares of the company’s stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $100.72, for a total value of $503,600.00. Following the sale, the executive vice president now owns 56,405 shares in the company, valued at $5,681,111.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,117 shares of company stock worth $5,685,295. Company insiders own 17.07% 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.

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

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