Marriott International (MAR) Shares Sold by KCM Investment Advisors LLC
KCM Investment Advisors LLC cut its position in shares of Marriott International (NASDAQ:MAR) by 11.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,305 shares of the company’s stock after selling 5,037 shares during the quarter. KCM Investment Advisors LLC’s holdings in Marriott International were worth $3,842,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in Marriott International by 1.6% during the first quarter. Vanguard Group Inc. now owns 19,667,476 shares of the company’s stock worth $1,852,283,000 after acquiring an additional 303,078 shares during the last quarter. BlackRock Inc. increased its stake in Marriott International by 2,076.2% during the first quarter. BlackRock Inc. now owns 18,978,323 shares of the company’s stock worth $1,787,379,000 after acquiring an additional 18,106,240 shares during the last quarter. State Street Corp increased its stake in Marriott International by 0.5% during the first quarter. State Street Corp now owns 14,173,107 shares of the company’s stock worth $1,334,828,000 after acquiring an additional 73,403 shares during the last quarter. FMR LLC increased its stake in Marriott International by 112.2% during the first quarter. FMR LLC now owns 11,625,543 shares of the company’s stock worth $1,094,894,000 after acquiring an additional 6,147,789 shares during the last quarter. Finally, Morgan Stanley increased its stake in Marriott International by 0.6% during the first quarter. Morgan Stanley now owns 5,079,669 shares of the company’s stock worth $478,403,000 after acquiring an additional 27,814 shares during the last quarter. Institutional investors own 65.93% of the company’s stock.
In other Marriott International news, insider B. Marriott Marital Tr Juliana sold 30,000 shares of Marriott International stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $99.84, for a total transaction of $2,995,200.00. Following the sale, the insider now directly owns 493,896 shares of the company’s stock, valued at $49,310,576.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider J W. Marriott, Jr. sold 26,362 shares of Marriott International stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $101.78, for a total value of $2,683,124.36. Following the sale, the insider now directly owns 203,286 shares in the company, valued at $20,690,449.08. The disclosure for this sale can be found here. Insiders sold 97,491 shares of company stock worth $9,857,627 over the last quarter. 11.32% of the stock is currently owned by corporate insiders.
Shares of Marriott International (NASDAQ MAR) traded down 0.1262% on Thursday, reaching $106.6350. The company had a trading volume of 493,533 shares. The firm has a market capitalization of $39.71 billion, a PE ratio of 34.9967 and a beta of 1.36. The company has a 50-day moving average price of $102.15 and a 200-day moving average price of $98.79. Marriott International has a 52-week low of $65.91 and a 52-week high of $110.51.
Marriott International (NASDAQ:MAR) last posted 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. 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 period last year, the company earned $1.03 earnings per share. The business’s revenue was up 48.5% compared to the same quarter last year. Equities research analysts forecast that Marriott International will post $4.13 EPS for the current fiscal year.
The firm 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. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.24%. Marriott International’s payout ratio is presently 45.52%.
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Several equities research analysts have commented on MAR shares. BidaskClub lowered Marriott International from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 14th. Zacks Investment Research upgraded Marriott International from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a research note on Wednesday, May 31st. Berenberg Bank restated a “buy” rating and set a $125.00 price target on shares of Marriott International in a research note on Friday, August 18th. Stifel Nicolaus upped their price target on Marriott International from $95.00 to $98.00 and gave the stock a “hold” rating in a research note on Tuesday, August 8th. Finally, UBS AG restated a “neutral” rating and set a $101.00 price target (up from $98.00) on shares of Marriott International in a research note on Monday, August 14th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $100.81.
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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