Marriott International (MAR) Stake Maintained by Municipal Employees Retirement System of Michigan
Municipal Employees Retirement System of Michigan held its position in shares of Marriott International (NASDAQ:MAR) during the second quarter, Holdings Channel reports. The institutional investor owned 10,294 shares of the company’s stock at the end of the second quarter. Municipal Employees Retirement System of Michigan’s holdings in Marriott International were worth $1,033,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the company. Macquarie Group Ltd. increased 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 worth $17,004,000 after buying an additional 49,493 shares during the period. CENTRAL TRUST Co increased its stake in Marriott International by 5.1% in the first quarter. CENTRAL TRUST Co now owns 2,902 shares of the company’s stock worth $273,000 after buying an additional 140 shares during the period. Raymond James Trust N.A. acquired a new stake in Marriott International during the first quarter worth $312,000. Sheets Smith Wealth Management acquired a new stake in Marriott International during the first quarter worth $223,000. Finally, Gulf International Bank UK Ltd increased its stake in Marriott International by 1.2% in the first quarter. Gulf International Bank UK Ltd now owns 103,780 shares of the company’s stock worth $9,774,000 after buying an additional 1,200 shares during the period. 67.06% of the stock is owned by institutional investors.
Marriott International (MAR) opened at 99.52 on Friday. Marriott International has a 12-month low of $65.91 and a 12-month high of $110.51. The firm has a market cap of $37.71 billion, a PE ratio of 32.66 and a beta of 1.36. The stock has a 50 day moving average of $102.29 and a 200 day moving average of $96.28.
Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Monday, August 7th. The company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.11. The company had revenue of $5.80 billion during the quarter, compared to analyst estimates of $5.73 billion. Marriott International had a net margin of 5.27% and a return on equity of 26.26%. Marriott International’s revenue for the quarter was up 48.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.03 EPS. On average, equities research analysts anticipate that Marriott International will post $4.10 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 24th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.33%. Marriott International’s dividend payout ratio is currently 45.52%.
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A number of research firms recently weighed in on MAR. BidaskClub raised shares of Marriott International from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Stifel Nicolaus reissued a “hold” rating and set a $95.00 price target (up from $87.00) on shares of Marriott International in a research note on Tuesday, May 9th. Canaccord Genuity reissued a “buy” rating and set a $113.00 price target (up from $100.00) on shares of Marriott International in a research note on Monday, May 8th. J P Morgan Chase & Co reissued an “overweight” rating and set a $111.00 price target on shares of Marriott International in a research note on Friday, May 12th. Finally, Robert W. Baird boosted 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. One analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $98.56.
In other news, Director Mary K. Bush sold 1,200 shares of Marriott International 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 completion of the sale, the director now owns 1,101 shares in the company, valued at approximately $111,079.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David S. Marriott sold 19,500 shares of Marriott International stock in a transaction on Monday, May 15th. The shares were 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 owns 638,636 shares of the company’s stock, valued at approximately $65,945,553.36. The disclosure for this sale can be found here. Insiders sold a total of 41,216 shares of company stock valued at $4,270,892 in the last quarter. 17.07% of the stock is currently owned by company insiders.
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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