Capital World Investors Has $495,933,000 Holdings in Marriott International (MAR)
Capital World Investors held its stake in shares of Marriott International (NASDAQ:MAR) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,944,000 shares of the company’s stock at the end of the 2nd quarter. Capital World Investors owned 1.33% of Marriott International worth $495,933,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also modified their holdings of MAR. Regal Wealth Group Inc. boosted its holdings 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 last quarter. Gradient Investments LLC increased its position in Marriott International by 0.3% during the 2nd quarter. Gradient Investments LLC now owns 2,011 shares of the company’s stock valued at $202,000 after purchasing an additional 6 shares during the period. Family Firm Inc. increased its position in Marriott International by 0.3% during the 2nd quarter. Family Firm Inc. now owns 2,931 shares of the company’s stock valued at $294,000 after purchasing an additional 8 shares during the period. Alexandria Capital LLC increased its position in Marriott International by 0.7% during the 2nd quarter. Alexandria Capital LLC now owns 1,644 shares of the company’s stock valued at $165,000 after purchasing an additional 12 shares during the period. Finally, First Bank & Trust increased its position in Marriott International by 1.2% during the 2nd quarter. First Bank & Trust now owns 1,701 shares of the company’s stock valued at $171,000 after purchasing an additional 20 shares during the period. 65.88% of the stock is currently owned by institutional investors.
Marriott International (MAR) traded down 0.44% during midday trading on Wednesday, hitting $108.92. 238,301 shares of the company were exchanged. Marriott International has a 1-year low of $65.91 and a 1-year high of $111.46. The firm has a market capitalization of $40.56 billion, a PE ratio of 35.75 and a beta of 1.36. The stock has a 50 day moving average of $104.28 and a 200 day moving average of $101.06.
Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Monday, August 7th. The company reported $1.13 earnings per share (EPS) for the quarter, topping 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 firm’s quarterly revenue was up 48.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.03 earnings per share. On average, equities analysts predict that Marriott International will post $4.13 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Thursday, August 24th were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend was Tuesday, August 22nd. Marriott International’s dividend payout ratio (DPR) is presently 45.52%.
COPYRIGHT VIOLATION WARNING: This piece was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece on another website, it was illegally copied and reposted in violation of United States and international copyright & trademark laws. The original version of this piece can be accessed at https://www.thecerbatgem.com/2017/10/04/capital-world-investors-has-495933000-holdings-in-marriott-international-mar.html.
A number of analysts have commented on the stock. Wolfe Research raised shares of Marriott International from a “market perform” rating to an “outperform” rating in a research report on Wednesday, August 30th. BidaskClub lowered Marriott International from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Berenberg Bank reissued a “buy” rating and issued a $125.00 price objective on shares of Marriott International in a research report on Friday, August 18th. J P Morgan Chase & Co reissued an “overweight” rating and issued a $113.00 price objective (up from $111.00) on shares of Marriott International in a research report on Wednesday, August 9th. Finally, Robert W. Baird reissued a “hold” rating and issued a $103.00 price objective on shares of Marriott International in a research note on Sunday, September 17th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $100.81.
In other news, EVP Edward A. Ryan sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $108.00, for a total value of $648,000.00. Following the sale, the executive vice president now directly owns 74,406 shares of the company’s stock, valued at approximately $8,035,848. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider B. Marriott Marital Tr Juliana sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was 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 directly owns 493,896 shares in the company, valued at $49,310,576.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 110,727 shares of company stock worth $11,339,600. Company insiders own 11.32% of the company’s stock.
Marriott International Company 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.
Want to see what other hedge funds are holding MAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marriott International (NASDAQ:MAR).
Receive News & Stock Ratings for Marriott International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marriott International and related stocks with our FREE daily email newsletter.