CIBC World Markets Inc. raised its position in Marriott International (NASDAQ:MAR) by 295.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,699 shares of the company’s stock after purchasing an additional 10,237 shares during the period. CIBC World Markets Inc.’s holdings in Marriott International were worth $1,374,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the business. Regal Wealth Group Inc. increased its position in shares of Marriott International by 0.3% in the 2nd quarter. Regal Wealth Group Inc. now owns 1,637 shares of the company’s stock valued at $164,000 after purchasing an additional 5 shares during the last quarter. Gradient Investments LLC increased its position in shares of Marriott International by 0.3% in the 2nd quarter. Gradient Investments LLC now owns 2,011 shares of the company’s stock valued at $202,000 after purchasing an additional 6 shares during the last quarter. Family Firm Inc. grew its position in shares of Marriott International by 0.3% in the 2nd quarter. Family Firm Inc. now owns 2,931 shares of the company’s stock valued at $294,000 after buying an additional 8 shares during the last quarter. Alexandria Capital LLC grew its position in shares of Marriott International by 0.7% in the 2nd 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 last quarter. Finally, First Bank & Trust grew its position in shares of Marriott International by 1.2% in the 2nd 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 last quarter. 65.93% of the stock is currently owned by institutional investors.

A number of research firms recently commented on MAR. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $113.00 target price (up from $111.00) on shares of Marriott International in a research report on Wednesday, August 9th. Zacks Investment Research raised shares of Marriott International from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a research report on Wednesday, May 31st. Berenberg Bank reaffirmed a “buy” rating and issued a $125.00 target price on shares of Marriott International in a research report on Friday, August 18th. BidaskClub raised shares of Marriott International from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 8th. Finally, Stifel Nicolaus increased their target price on shares of Marriott International from $95.00 to $98.00 and gave the company a “hold” rating in a research report on Tuesday, August 8th. 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’s stock. The company has an average rating of “Hold” and an average target price of $100.81.

ILLEGAL ACTIVITY NOTICE: This story was originally posted by Daily Political and is the sole property of of Daily Political. If you are accessing this story on another publication, it was illegally stolen and republished in violation of U.S. and international copyright legislation. The correct version of this story can be read at https://www.dailypolitical.com/2017/09/15/marriott-international-mar-holdings-raised-by-cibc-world-markets-inc.html.

In other news, insider J W. Marriott, Jr. sold 26,362 shares of the business’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $101.78, for a total transaction of $2,683,124.36. Following the completion of the transaction, the insider now owns 203,286 shares of the company’s stock, valued at $20,690,449.08. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Mary K. Bush sold 1,200 shares of the business’s stock in a transaction on Friday, June 30th. The shares were sold at an average price of $100.89, for a total transaction of $121,068.00. Following the transaction, the director now directly owns 1,101 shares of the company’s stock, valued at approximately $111,079.89. The disclosure for this sale can be found here. In the last quarter, insiders have sold 94,191 shares of company stock valued at $9,512,282. 11.32% of the stock is owned by insiders.

Shares of Marriott International (MAR) opened at 106.42 on Friday. The stock has a 50 day moving average of $102.35 and a 200 day moving average of $98.90. Marriott International has a 1-year low of $65.91 and a 1-year high of $110.51. The firm has a market cap of $39.63 billion, a PE ratio of 34.93 and a beta of 1.36.

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 consensus estimate of $1.02 by $0.11. Marriott International had a net margin of 5.27% and a return on equity of 26.26%. The firm had revenue of $5.80 billion during the quarter, compared to analyst estimates of $5.73 billion. During the same quarter in the previous year, the firm earned $1.03 earnings per share. The firm’s revenue for the quarter was up 48.5% compared to the same quarter last year. Equities research analysts anticipate that Marriott International will post $4.13 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 24th will be paid a dividend of $0.33 per share. The ex-dividend date is Tuesday, August 22nd. This represents a $1.32 annualized dividend and a yield of 1.24%. Marriott International’s payout ratio is 45.52%.

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.

Want to see what other hedge funds are holding MAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marriott International (NASDAQ:MAR).

Institutional Ownership by Quarter for Marriott International (NASDAQ:MAR)

Receive News & Ratings for Marriott International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marriott International and related companies with MarketBeat.com's FREE daily email newsletter.