Catalyst Capital Advisors LLC decreased its position in shares of Marriott International (NASDAQ:MAR) by 28.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 120,000 shares of the company’s stock after selling 48,248 shares during the period. Marriott International makes up 0.5% of Catalyst Capital Advisors LLC’s investment portfolio, making the stock its 21st largest position. Catalyst Capital Advisors LLC’s holdings in Marriott International were worth $12,037,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the stock. DekaBank Deutsche Girozentrale increased its stake in shares of Marriott International by 10.6% in the second quarter. DekaBank Deutsche Girozentrale now owns 72,763 shares of the company’s stock valued at $7,410,000 after buying an additional 7,001 shares during the last quarter. Summit Securities Group LLC acquired a new stake in shares of Marriott International during the second quarter valued at $1,290,000. Schwab Charles Investment Management Inc. increased its stake in shares of Marriott International by 2.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,055,860 shares of the company’s stock valued at $105,914,000 after buying an additional 22,028 shares during the last quarter. Wetherby Asset Management Inc. increased its stake in shares of Marriott International by 2.4% in the second quarter. Wetherby Asset Management Inc. now owns 6,973 shares of the company’s stock valued at $700,000 after buying an additional 164 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in shares of Marriott International by 386.7% in the second quarter. Canada Pension Plan Investment Board now owns 182,828 shares of the company’s stock valued at $18,339,000 after buying an additional 145,265 shares during the last quarter. Institutional investors and hedge funds own 67.06% of the company’s stock.

Shares of Marriott International (NASDAQ MAR) opened at 99.40 on Friday. Marriott International has a 12 month low of $65.91 and a 12 month high of $110.51. The company has a market cap of $37.02 billion, a PE ratio of 32.62 and a beta of 1.36. The firm’s 50-day moving average price is $102.16 and its 200 day moving average price is $96.39.

Marriott International (NASDAQ:MAR) last announced its earnings results 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 return on equity of 26.26% and a net margin of 5.27%. The company had revenue of $5.80 billion for the quarter, compared to analyst estimates of $5.73 billion. During the same quarter in the previous year, the company earned $1.03 earnings per share. The firm’s quarterly revenue was up 48.5% compared to the same quarter last year. Equities research analysts anticipate that Marriott International will post $4.10 earnings per share 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 given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Tuesday, August 22nd. Marriott International’s dividend payout ratio is currently 45.52%.

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MAR has been the topic of several recent analyst reports. J P Morgan Chase & Co reiterated an “overweight” rating and issued a $111.00 price target on shares of Marriott International in a report on Friday, May 12th. Zacks Investment Research upgraded Marriott International from a “hold” rating to a “buy” rating and set a $115.00 price target on the stock in a report on Tuesday, May 16th. Canaccord Genuity reiterated a “buy” rating and issued a $113.00 price target (up from $100.00) on shares of Marriott International in a report on Monday, May 8th. BidaskClub downgraded Marriott International from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Finally, Guggenheim initiated coverage on Marriott International in a report on Wednesday, April 26th. They issued a “neutral” rating on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Marriott International has a consensus rating of “Buy” and an average price target of $98.56.

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 sale, the insider now owns 638,636 shares of the company’s stock, valued at $65,945,553.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director George Munoz sold 5,894 shares of the company’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $103.95, for a total value of $612,681.30. Following the sale, the director now directly owns 7,659 shares in the company, valued at approximately $796,153.05. The disclosure for this sale can be found here. Insiders have sold 41,216 shares of company stock worth $4,270,892 in the last ninety days. 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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Institutional Ownership by Quarter for Marriott International (NASDAQ:MAR)

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