Federated Investors Inc. PA Lowers Stake in Marriott International (MAR)
Federated Investors Inc. PA cut its holdings in shares of Marriott International (NASDAQ:MAR) by 11.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,793 shares of the company’s stock after selling 1,138 shares during the period. Federated Investors Inc. PA’s holdings in Marriott International were worth $882,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. UBS Asset Management Americas Inc. increased its stake in shares of Marriott International by 10.3% during the first quarter. UBS Asset Management Americas Inc. now owns 864,556 shares of the company’s stock worth $81,424,000 after purchasing an additional 80,859 shares in the last quarter. Teza Capital Management LLC purchased a new stake in shares of Marriott International during the first quarter worth about $547,000. Lincoln National Corp increased its stake in shares of Marriott International by 2.9% during the first quarter. Lincoln National Corp now owns 19,765 shares of the company’s stock worth $1,861,000 after purchasing an additional 554 shares in the last quarter. Karp Capital Management Corp purchased a new stake in shares of Marriott International during the first quarter worth about $17,411,000. Finally, TD Asset Management Inc. increased its stake in shares of Marriott International by 3.9% during the first quarter. TD Asset Management Inc. now owns 496,076 shares of the company’s stock worth $46,720,000 after purchasing an additional 18,664 shares in the last quarter. Institutional investors own 65.88% of the company’s stock.
A number of analysts have recently commented on MAR shares. Zacks Investment Research cut shares of Marriott International from a “buy” rating to a “hold” rating in a research note on Monday, May 29th. Royal Bank Of Canada reissued an “outperform” rating and set a $109.00 target price (up previously from $92.00) on shares of Marriott International in a research note on Monday, June 12th. BidaskClub cut shares of Marriott International from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Stifel Nicolaus upped their price objective on shares of 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 upped their price objective on shares of Marriott International from $101.00 to $103.00 and gave the company a “neutral” rating in a research note on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the company. Marriott International currently has an average rating of “Hold” and an average target price of $100.81.
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In other news, insider David S. Marriott sold 8,400 shares of the firm’s stock in a transaction on Wednesday, August 16th. The stock was 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 629,136 shares in the company, valued at $63,234,459.36. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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 completion of the sale, the insider now owns 493,896 shares of the company’s stock, valued at $49,310,576.64. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 94,191 shares of company stock valued at $9,512,282. 11.32% of the stock is owned by company insiders.
Marriott International (NASDAQ MAR) opened at 105.39 on Monday. The stock has a market capitalization of $39.25 billion, a P/E ratio of 34.59 and a beta of 1.36. The company has a 50 day moving average of $102.39 and a 200-day moving average of $99.03. Marriott International has a 52-week low of $65.91 and a 52-week high of $110.51.
Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Monday, August 7th. The company reported $1.13 earnings per share 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 return on equity of 26.26% and a net margin of 5.27%. Marriott International’s revenue for the quarter was up 48.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.03 earnings per share. Equities research analysts anticipate that Marriott International will post $4.13 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 24th will be given a $0.33 dividend. The ex-dividend date is Tuesday, August 22nd. This represents a $1.32 annualized dividend and a yield of 1.25%. Marriott International’s dividend payout ratio (DPR) is currently 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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