Rhumbline Advisers lessened its holdings in Marriott International Inc (NASDAQ:MAR) by 3.1% during the second quarter, HoldingsChannel.com reports. The firm owned 533,026 shares of the company’s stock after selling 17,118 shares during the quarter. Rhumbline Advisers’ holdings in Marriott International were worth $67,481,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of MAR. First Personal Financial Services increased its position in shares of Marriott International by 17.1% in the first quarter. First Personal Financial Services now owns 3,056 shares of the company’s stock valued at $416,000 after acquiring an additional 447 shares during the period. Dowling & Yahnke LLC increased its position in shares of Marriott International by 4.0% in the second quarter. Dowling & Yahnke LLC now owns 11,690 shares of the company’s stock valued at $1,480,000 after acquiring an additional 450 shares during the period. Abner Herrman & Brock LLC increased its position in shares of Marriott International by 0.3% in the second quarter. Abner Herrman & Brock LLC now owns 170,387 shares of the company’s stock valued at $21,571,000 after acquiring an additional 526 shares during the period. Lee Financial Group Hawaii Inc. increased its position in shares of Marriott International by 2.3% in the second quarter. Lee Financial Group Hawaii Inc. now owns 23,657 shares of the company’s stock valued at $2,995,000 after acquiring an additional 542 shares during the period. Finally, Wealthstreet Investment Advisors LLC increased its position in shares of Marriott International by 1.7% in the first quarter. Wealthstreet Investment Advisors LLC now owns 33,473 shares of the company’s stock valued at $4,551,000 after acquiring an additional 560 shares during the period. Institutional investors own 63.92% of the company’s stock.
In other Marriott International news, Director Frederick A. Henderson acquired 1,640 shares of the company’s stock in a transaction that occurred on Thursday, August 9th. The shares were acquired at an average price of $120.84 per share, with a total value of $198,177.60. Following the completion of the purchase, the director now directly owns 1,640 shares of the company’s stock, valued at approximately $198,177.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David S. Marriott sold 8,875 shares of the business’s stock in a transaction dated Thursday, June 7th. The stock was sold at an average price of $141.28, for a total transaction of $1,253,860.00. Following the sale, the insider now directly owns 638,234 shares in the company, valued at approximately $90,169,699.52. The disclosure for this sale can be found here. Insiders have sold 18,559 shares of company stock worth $2,613,773 in the last three months. 12.99% of the stock is currently owned by insiders.
Shares of MAR opened at $120.16 on Friday. The stock has a market cap of $41.91 billion, a PE ratio of 27.56, a P/E/G ratio of 1.81 and a beta of 1.37. The company has a debt-to-equity ratio of 2.95, a quick ratio of 0.49 and a current ratio of 0.48. Marriott International Inc has a 1-year low of $96.90 and a 1-year high of $149.21.
Marriott International (NASDAQ:MAR) last announced its earnings results on Monday, August 6th. The company reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.37. The firm had revenue of $5.35 billion for the quarter, compared to analyst estimates of $5.90 billion. Marriott International had a net margin of 7.31% and a return on equity of 52.81%. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.13 EPS. research analysts expect that Marriott International Inc will post 5.88 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Thursday, August 23rd will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 1.36%. Marriott International’s payout ratio is currently 37.61%.
MAR has been the topic of a number of analyst reports. Robert W. Baird restated a “hold” rating and issued a $135.00 price objective on shares of Marriott International in a research report on Wednesday. Zacks Investment Research lowered shares of Marriott International from a “hold” rating to a “sell” rating in a research note on Wednesday, July 18th. Barclays cut their target price on shares of Marriott International from $148.00 to $141.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Jefferies Financial Group assumed coverage on shares of Marriott International in a research note on Thursday, May 31st. They set a “hold” rating and a $152.00 target price on the stock. Finally, BidaskClub lowered shares of Marriott International from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 22nd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company’s stock. Marriott International currently has a consensus rating of “Hold” and an average target price of $139.54.
Marriott International Company Profile
Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through three segments: North American Full-Service, North American Limited-Service, and Asia Pacific. It operates its properties under the JW Marriott, The Ritz-Carlton, W Hotels, The Luxury Collection, St.
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