Marriott International (MAR) Stake Lowered by UMB Bank N A MO
UMB Bank N A MO cut its stake in Marriott International (NASDAQ:MAR) by 6.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 146,528 shares of the company’s stock after selling 9,867 shares during the period. UMB Bank N A MO’s holdings in Marriott International were worth $14,699,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently bought and sold shares of MAR. Dumont & Blake Investment Advisors LLC increased its position in shares of Marriott International by 0.5% in the first quarter. Dumont & Blake Investment Advisors LLC now owns 8,741 shares of the company’s stock worth $823,000 after buying an additional 45 shares during the period. Carderock Capital Management Inc. increased its position in shares of Marriott International by 7.1% in the first quarter. Carderock Capital Management Inc. now owns 10,173 shares of the company’s stock worth $958,000 after buying an additional 678 shares during the period. Fox Run Management L.L.C. bought a new position in shares of Marriott International during the second quarter worth $562,000. Fundsmith LLP increased its position in shares of Marriott International by 4.7% in the first quarter. Fundsmith LLP now owns 184,690 shares of the company’s stock worth $17,394,000 after buying an additional 8,254 shares during the period. Finally, Wetherby Asset Management Inc. increased its position in shares of Marriott International by 1.6% in the first quarter. Wetherby Asset Management Inc. now owns 6,809 shares of the company’s stock worth $641,000 after buying an additional 104 shares during the period. Hedge funds and other institutional investors own 67.06% of the company’s stock.
Marriott International (MAR) opened at 99.40 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 cap of $37.02 billion, a PE ratio of 32.62 and a beta of 1.36. The stock has a 50 day moving average of $102.16 and a 200 day moving average of $96.39.
Marriott International (NASDAQ:MAR) last released its earnings results on Monday, August 7th. The company reported $1.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.11. The firm had revenue of $5.80 billion for the quarter, compared to the consensus estimate of $5.73 billion. Marriott International had a return on equity of 26.26% and a net margin of 5.27%. The company’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 company posted $1.03 EPS. On average, analysts anticipate that Marriott International will post $4.10 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 24th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend is Tuesday, August 22nd. Marriott International’s dividend payout ratio (DPR) is presently 45.52%.
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A number of equities analysts recently weighed in on the stock. J P Morgan Chase & Co reissued an “overweight” rating and issued a $113.00 price target (up from $111.00) on shares of Marriott International in a report on Wednesday. Zacks Investment Research raised shares of Marriott International from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a report on Wednesday, May 31st. Canaccord Genuity reaffirmed a “buy” rating and set a $113.00 price objective (up from $100.00) on shares of Marriott International in a report on Monday, May 8th. Instinet upped their price objective on shares of Marriott International from $100.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, May 10th. Finally, BidaskClub raised shares of Marriott International from a “buy” rating to a “strong-buy” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $98.56.
In other Marriott International news, EVP Anthony Capuano sold 5,000 shares of the company’s stock in a transaction on Friday, June 30th. The stock was sold at an average price of $100.72, for a total value of $503,600.00. Following the completion of the sale, the executive vice president now directly owns 56,405 shares in the company, valued at approximately $5,681,111.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 completion of the sale, the director now owns 7,659 shares of the company’s stock, valued at $796,153.05. The disclosure for this sale can be found here. Insiders sold a total of 41,216 shares of company stock worth $4,270,892 in the last ninety days. 17.07% of the stock is currently owned by corporate 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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