Marriott International (MAR) Shares Sold by Nationwide Fund Advisors
Nationwide Fund Advisors trimmed its holdings in Marriott International (NASDAQ:MAR) by 35.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 194,366 shares of the company’s stock after selling 105,552 shares during the period. Nationwide Fund Advisors owned about 0.05% of Marriott International worth $19,497,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of MAR. Oppenheimer Asset Management Inc. acquired a new position in Marriott International in the first quarter valued at about $115,000. Baker Ellis Asset Management LLC acquired a new position in Marriott International in the second quarter valued at about $133,000. TrimTabs Asset Management LLC grew its stake in Marriott International by 89.1% in the first quarter. TrimTabs Asset Management LLC now owns 1,562 shares of the company’s stock valued at $147,000 after acquiring an additional 736 shares during the period. North Star Investment Management Corp. grew its stake in Marriott International by 3.3% in the second quarter. North Star Investment Management Corp. now owns 1,583 shares of the company’s stock valued at $159,000 after acquiring an additional 50 shares during the period. Finally, Regal Wealth Group Inc. grew its stake in Marriott International by 0.3% in the second quarter. Regal Wealth Group Inc. now owns 1,637 shares of the company’s stock valued at $164,000 after acquiring an additional 5 shares during the period. 65.88% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have issued reports on the company. Robert W. Baird boosted their target price on Marriott International from $101.00 to $103.00 and gave the company a “neutral” rating in a research note on Tuesday, August 8th. BidaskClub raised Marriott International from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. UBS AG reissued a “neutral” rating and issued a $101.00 target price (up from $98.00) on shares of Marriott International in a research note on Monday, August 14th. Zacks Investment Research cut Marriott International from a “buy” rating to a “sell” rating in a research note on Tuesday, July 11th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $109.00 target price (up from $92.00) on shares of Marriott International in a research note on Monday, June 12th. One equities research 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. The company currently has a consensus rating of “Hold” and a consensus target price of $100.81.
Marriott International (NASDAQ MAR) opened at 105.54 on Tuesday. Marriott International has a 12 month low of $65.91 and a 12 month high of $110.51. The company’s 50-day moving average price is $102.45 and its 200 day moving average price is $99.32. The firm has a market capitalization of $39.31 billion, a PE ratio of 34.64 and a beta of 1.36.
Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Monday, August 7th. The company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.11. The business had revenue of $5.80 billion during the quarter, compared to the consensus estimate of $5.73 billion. Marriott International had a return on equity of 26.26% and a net margin of 5.27%. The company’s quarterly revenue was up 48.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.03 EPS. On average, equities research analysts predict that Marriott International will post $4.13 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 24th will be paid a dividend of $0.33 per share. The ex-dividend date is Tuesday, August 22nd. This represents a $1.32 dividend on an annualized basis and a yield of 1.25%. Marriott International’s dividend payout ratio (DPR) is currently 45.52%.
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In other news, insider J W. Marriott, Jr. sold 26,362 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $101.78, for a total value of $2,683,124.36. Following the transaction, the insider now owns 203,286 shares in the company, valued at approximately $20,690,449.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider J W. Marriott, Jr. sold 10,376 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $102.01, for a total value of $1,058,455.76. Following the completion of the transaction, the insider now owns 229,648 shares in the company, valued at approximately $23,426,392.48. The disclosure for this sale can be found here. Insiders have sold a total of 94,191 shares of company stock valued at $9,512,282 in the last quarter. Company insiders own 11.32% 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.
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