D.A. Davidson & CO. Acquires 2,820 Shares of Marriott International (MAR)
D.A. Davidson & CO. increased its holdings in shares of Marriott International (NASDAQ:MAR) by 84.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,176 shares of the company’s stock after purchasing an additional 2,820 shares during the period. D.A. Davidson & CO.’s holdings in Marriott International were worth $619,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Fox Run Management L.L.C. acquired a new stake in Marriott International during the 2nd quarter worth $562,000. Vanguard Group Inc. lifted its stake in shares of Marriott International by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 19,667,476 shares of the company’s stock worth $1,852,283,000 after acquiring an additional 303,078 shares during the period. Pacer Advisors Inc. lifted its stake in shares of Marriott International by 4.3% in the 1st quarter. Pacer Advisors Inc. now owns 10,920 shares of the company’s stock worth $1,028,000 after acquiring an additional 455 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Marriott International by 28.0% in the 2nd quarter. Wells Fargo & Company MN now owns 1,259,396 shares of the company’s stock worth $126,329,000 after acquiring an additional 275,382 shares during the period. Finally, Andra AP fonden lifted its stake in shares of Marriott International by 82.4% in the 2nd quarter. Andra AP fonden now owns 24,800 shares of the company’s stock worth $2,488,000 after acquiring an additional 11,200 shares during the period. Hedge funds and other institutional investors own 65.88% of the company’s stock.
Several research firms have recently commented on MAR. BidaskClub upgraded shares of Marriott International from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 22nd. Robert W. Baird restated a “hold” rating and issued a $103.00 target price on shares of Marriott International in a research note on Sunday, September 17th. Wolfe Research upgraded shares of Marriott International from a “market perform” rating to an “outperform” rating in a research note on Wednesday, August 30th. Berenberg Bank restated a “buy” rating and issued a $125.00 target price on shares of Marriott International in a research note on Friday, August 18th. Finally, UBS AG restated a “neutral” rating and issued a $101.00 target price (up previously from $98.00) on shares of Marriott International in a research note on Monday, August 14th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $100.81.
In other Marriott International news, 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 completion of the sale, the executive vice president now directly owns 56,405 shares of the company’s stock, valued at approximately $5,681,111.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider B. Marriott Marital Tr Juliana sold 30,000 shares of the company’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 directly owns 493,896 shares of the company’s stock, valued at $49,310,576.64. The disclosure for this sale can be found here. Insiders sold a total of 116,927 shares of company stock valued at $11,964,268 over the last three months. 11.32% of the stock is owned by corporate insiders.
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Marriott International (MAR) opened at 108.36 on Thursday. The firm’s 50-day moving average is $102.54 and its 200 day moving average is $99.47. Marriott International has a 12-month low of $65.91 and a 12-month high of $110.51. The stock has a market capitalization of $40.36 billion, a P/E ratio of 35.56 and a beta of 1.36.
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, topping the consensus estimate 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 net margin of 5.27% and a return on equity of 26.26%. The company’s quarterly revenue was up 48.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.03 earnings per share. Equities research analysts anticipate that Marriott International will post $4.13 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 24th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date is Tuesday, August 22nd. Marriott International’s payout ratio 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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