Daiwa Securities Group Inc. Decreases Position in Marriott International (NASDAQ:MAR)
Daiwa Securities Group Inc. reduced its stake in shares of Marriott International (NASDAQ:MAR) by 28.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 77,358 shares of the company’s stock after selling 31,114 shares during the period. Daiwa Securities Group Inc.’s holdings in Marriott International were worth $7,760,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of MAR. Macquarie Group Ltd. boosted its stake in Marriott International by 31.7% in the fourth quarter. Macquarie Group Ltd. now owns 205,659 shares of the company’s stock valued at $17,004,000 after buying an additional 49,493 shares in the last quarter. Chevy Chase Trust Holdings Inc. boosted its position in shares of Marriott International by 2.0% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 318,570 shares of the company’s stock valued at $30,003,000 after buying an additional 6,265 shares during the period. CENTRAL TRUST Co boosted its position in shares of Marriott International by 5.1% in the first quarter. CENTRAL TRUST Co now owns 2,902 shares of the company’s stock valued at $273,000 after buying an additional 140 shares during the period. Raymond James Trust N.A. purchased a new position in shares of Marriott International during the first quarter valued at approximately $312,000. Finally, Creative Planning boosted its position in shares of Marriott International by 11.9% in the first quarter. Creative Planning now owns 26,482 shares of the company’s stock valued at $2,494,000 after buying an additional 2,807 shares during the period. 67.03% of the stock is owned by institutional investors.
Marriott International (NASDAQ MAR) opened at 105.02 on Friday. Marriott International has a one year low of $65.91 and a one year high of $110.51. The company has a market capitalization of $39.79 billion, a PE ratio of 37.20 and a beta of 1.36. The firm’s 50 day moving average price is $102.52 and its 200-day moving average price is $95.55.
Marriott International (NASDAQ:MAR) last released its earnings results on Monday, May 8th. The company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. The firm had revenue of $5.56 billion during the quarter, compared to the consensus estimate of $5.28 billion. Marriott International had a return on equity of 38.10% and a net margin of 4.91%. The company’s revenue was up 47.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.87 EPS. Equities analysts forecast that Marriott International will post $4.04 earnings per share for the current fiscal year.
Several research analysts recently commented on MAR shares. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $111.00 target price on shares of Marriott International in a research report on Friday, May 12th. Zacks Investment Research raised Marriott International from a “hold” rating to a “buy” rating and set a $115.00 target price for the company in a research report on Tuesday, May 16th. Goldman Sachs Group, Inc. (The) cut Marriott International from a “conviction-buy” rating to a “buy” rating and set a $105.00 target price for the company. in a research report on Tuesday, April 11th. Canaccord Genuity reaffirmed a “buy” rating and issued a $113.00 target price (up from $100.00) on shares of Marriott International in a research report on Monday, May 8th. Finally, BidaskClub cut Marriott International from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Two analysts have rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $97.97.
In other news, insider David S. Marriott sold 19,500 shares of the company’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $103.26, for a total transaction of $2,013,570.00. Following the completion of the sale, the insider now directly owns 638,636 shares in the company, valued at approximately $65,945,553.36. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Mary K. Bush sold 1,200 shares of the company’s stock in a transaction on Friday, June 30th. The shares were sold at an average price of $100.89, for a total value of $121,068.00. Following the sale, the director now owns 1,101 shares of the company’s stock, valued at $111,079.89. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,117 shares of company stock valued at $5,685,295. Corporate insiders own 17.07% 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.
Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.