Marriott International (NASDAQ:MAR) Shares Sold by Physicians Financial Services Inc.
Physicians Financial Services Inc. cut its position in Marriott International (NASDAQ:MAR) by 20.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,800 shares of the company’s stock after selling 700 shares during the period. Physicians Financial Services Inc.’s holdings in Marriott International were worth $281,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of MAR. Oppenheimer Asset Management Inc. acquired a new stake in Marriott International during the first quarter worth $115,000. Baker Ellis Asset Management LLC acquired a new stake in Marriott International during the second quarter worth $133,000. TrimTabs Asset Management LLC raised its stake in Marriott International by 89.1% in the first quarter. TrimTabs Asset Management LLC now owns 1,562 shares of the company’s stock worth $147,000 after buying an additional 736 shares during the last quarter. First Bank & Trust raised its stake in Marriott International by 3.6% in the first quarter. First Bank & Trust now owns 1,681 shares of the company’s stock worth $158,000 after buying an additional 59 shares during the last quarter. Finally, North Star Investment Management Corp. raised its stake in Marriott International by 3.3% in the second quarter. North Star Investment Management Corp. now owns 1,583 shares of the company’s stock worth $159,000 after buying an additional 50 shares during the last quarter. 67.06% of the stock is owned by institutional investors and hedge funds.
Marriott International (NASDAQ MAR) opened at 105.02 on Monday. The firm’s 50-day moving average is $102.52 and its 200 day moving average is $95.55. 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 $39.79 billion, a P/E ratio of 37.20 and a beta of 1.36. Marriott International also was the target of unusually large options trading activity on Friday. Traders acquired 7,596 put options on the company. This is an increase of 635% compared to the typical daily volume of 1,033 put options.
Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Monday, May 8th. The company reported $1.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.11. Marriott International had a net margin of 4.91% and a return on equity of 38.10%. The business had revenue of $5.56 billion for the quarter, compared to analysts’ expectations of $5.28 billion. During the same period in the prior year, the company posted $0.87 EPS. The business’s revenue for the quarter was up 47.4% on a year-over-year basis. Equities analysts expect that Marriott International will post $4.04 EPS for the current year.
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A number of analysts have recently weighed in on MAR shares. Goldman Sachs Group, Inc. (The) lowered shares of Marriott International from a “conviction-buy” rating to a “buy” rating and set a $105.00 price objective on the stock. in a research note on Tuesday, April 11th. Vetr upgraded shares of Marriott International from a “hold” rating to a “buy” rating and set a $96.50 price objective on the stock in a research note on Tuesday, April 11th. Guggenheim started coverage on shares of Marriott International in a research note on Wednesday, April 26th. They issued a “neutral” rating on the stock. Canaccord Genuity reiterated a “buy” rating and issued a $113.00 price objective (up previously from $100.00) on shares of Marriott International in a research note on Monday, May 8th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $95.00 price objective (up previously from $87.00) on shares of Marriott International in a research note on Tuesday, May 9th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company’s stock. Marriott International presently has an average rating of “Hold” and an average target price of $97.97.
In other news, EVP Anthony Capuano sold 5,000 shares of the company’s stock in a transaction on Friday, June 30th. The shares were sold at an average price of $100.72, for a total transaction of $503,600.00. Following the transaction, the executive vice president now directly owns 56,405 shares of the company’s stock, valued at approximately $5,681,111.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 transaction, the insider now directly owns 638,636 shares in the company, valued at $65,945,553.36. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 55,117 shares of company stock worth $5,685,295. Corporate insiders own 17.07% of the company’s stock.
About Marriott International
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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