Joel Isaacson & Co. LLC Maintains Stake in Marriott International (NASDAQ:MAR)
Joel Isaacson & Co. LLC held its position in Marriott International (NASDAQ:MAR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,917 shares of the company’s stock at the end of the second quarter. Joel Isaacson & Co. LLC’s holdings in Marriott International were worth $393,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently bought and sold shares of the company. Gradient Investments LLC increased its stake in Marriott International by 0.3% in the second quarter. Gradient Investments LLC now owns 2,011 shares of the company’s stock valued at $202,000 after buying an additional 6 shares during the period. Alexandria Capital LLC increased its stake in Marriott International by 0.7% in the second quarter. Alexandria Capital LLC now owns 1,644 shares of the company’s stock valued at $165,000 after buying an additional 12 shares during the period. First Bank & Trust increased its stake in Marriott International by 1.2% in the second quarter. First Bank & Trust now owns 1,701 shares of the company’s stock valued at $171,000 after buying an additional 20 shares during the period. Geneva Advisors LLC increased its stake in Marriott International by 1.3% in the first quarter. Geneva Advisors LLC now owns 2,893 shares of the company’s stock valued at $272,000 after buying an additional 38 shares during the period. Finally, Dumont & Blake Investment Advisors LLC increased its stake in Marriott International by 0.5% in the first quarter. Dumont & Blake Investment Advisors LLC now owns 8,741 shares of the company’s stock valued at $823,000 after buying an additional 45 shares during the period. 67.06% of the stock is currently owned by institutional investors.
Marriott International (NASDAQ MAR) opened at 103.95 on Wednesday. The firm has a market capitalization of $39.39 billion, a price-to-earnings ratio of 36.82 and a beta of 1.36. Marriott International has a 12-month low of $65.91 and a 12-month high of $110.51. The stock has a 50 day moving average of $102.51 and a 200 day moving average of $95.73. Marriott International also saw some unusual options trading activity on Monday. Investors purchased 9,942 call options on the company. This represents an increase of approximately 568% compared to the average daily volume of 1,488 call options.
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 analysts’ consensus estimates of $1.02 by $0.11. Marriott International had a net margin of 5.27% and a return on equity of 25.59%. The company had revenue of $5.80 billion during the quarter, compared to analysts’ expectations of $5.73 billion. During the same quarter in the prior year, the company posted $1.03 EPS. The business’s revenue was up 48.5% on a year-over-year basis. Equities research analysts anticipate that Marriott International will post $4.09 earnings per share for the current year.
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Several equities research analysts recently issued reports on the stock. Stifel Nicolaus lifted their price target on shares of Marriott International from $95.00 to $98.00 and gave the stock a “hold” rating in a research note on Tuesday. BidaskClub raised shares of Marriott International from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Robert W. Baird lifted their price target on shares of Marriott International from $101.00 to $103.00 and gave the stock a “neutral” rating in a research note on Tuesday. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $109.00 price target (up previously from $92.00) on shares of Marriott International in a research note on Monday, June 12th. Finally, Barclays PLC reaffirmed a “hold” rating and set a $105.00 price target on shares of Marriott International in a research note on Friday, May 12th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $98.44.
In other news, insider Stephen Blake Marriott sold 3,733 shares of the stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $107.44, for a total value of $401,073.52. Following the completion of the transaction, the insider now owns 145,601 shares in the company, valued at approximately $15,643,371.44. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director George Munoz sold 5,894 shares of the stock in a transaction on Monday, May 15th. The shares were sold at an average price of $103.95, for a total transaction of $612,681.30. Following the completion of the transaction, the director now owns 7,659 shares of the company’s stock, valued at approximately $796,153.05. The disclosure for this sale can be found here. In the last 90 days, insiders sold 45,016 shares of company stock valued at $4,662,064. 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.
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