Shelton Capital Management Has $3.15 Million Holdings in Marriott International (MAR)
Shelton Capital Management reduced its stake in shares of Marriott International (NASDAQ:MAR) by 41.4% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 31,415 shares of the company’s stock after selling 22,225 shares during the period. Shelton Capital Management’s holdings in Marriott International were worth $3,151,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Fox Run Management L.L.C. acquired a new stake in Marriott International during the 2nd quarter worth about $562,000. Vanguard Group Inc. grew its position in Marriott International by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 19,667,476 shares of the company’s stock worth $1,852,283,000 after purchasing an additional 303,078 shares during the period. Wells Fargo & Company MN grew its position in Marriott International by 28.0% during the 2nd quarter. Wells Fargo & Company MN now owns 1,259,396 shares of the company’s stock worth $126,329,000 after purchasing an additional 275,382 shares during the period. Andra AP fonden grew its position in Marriott International by 82.4% during the 2nd quarter. Andra AP fonden now owns 24,800 shares of the company’s stock worth $2,488,000 after purchasing an additional 11,200 shares during the period. Finally, Airain ltd acquired a new stake in Marriott International during the 2nd quarter worth about $13,601,000. 65.88% of the stock is currently owned by institutional investors.
In other Marriott International news, EVP Anthony Capuano sold 13,736 shares of the stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $107.78, for a total transaction of $1,480,466.08. Following the transaction, the executive vice president now owns 42,669 shares of the company’s stock, valued at $4,598,864.82. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Edward A. Ryan sold 4,453 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $103.81, for a total transaction of $462,265.93. Following the transaction, the executive vice president now directly owns 80,406 shares in the company, valued at approximately $8,346,946.86. The disclosure for this sale can be found here. Insiders have sold 110,727 shares of company stock worth $11,339,600 in the last three months. Insiders own 11.32% of the company’s stock.
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MAR has been the topic of several analyst reports. Wolfe Research raised Marriott International from a “market perform” rating to an “outperform” rating in a research report on Wednesday, August 30th. BidaskClub lowered shares of Marriott International from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Berenberg Bank reissued a “buy” rating and set a $125.00 target price on shares of Marriott International in a research note on Friday, August 18th. J P Morgan Chase & Co reissued an “overweight” rating and set a $113.00 target price (up from $111.00) on shares of Marriott International in a research note on Wednesday, August 9th. Finally, Robert W. Baird reissued a “hold” rating and set a $103.00 target price on shares of Marriott International in a research note on Sunday, September 17th. One equities research 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. The stock currently has an average rating of “Hold” and a consensus price target of $99.68.
Shares of Marriott International (NASDAQ:MAR) traded up 1.44% during mid-day trading on Thursday, hitting $110.39. 723,053 shares of the stock were exchanged. The company has a 50-day moving average of $104.52 and a 200 day moving average of $101.11. The stock has a market cap of $41.11 billion, a PE ratio of 36.23 and a beta of 1.36. Marriott International has a one year low of $65.91 and a one year high of $111.46.
Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Monday, August 7th. The company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.11. The business had revenue of $5.80 billion for 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 firm posted $1.03 earnings per share. On average, equities analysts predict that Marriott International will post $4.13 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Thursday, August 24th were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend was 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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