Captrust Financial Advisors Acquires New Position in Marriott International (MAR)
Captrust Financial Advisors acquired a new stake in Marriott International (NASDAQ:MAR) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,789 shares of the company’s stock, valued at approximately $179,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. acquired a new position in shares of Marriott International in the first quarter valued at approximately $115,000. Baker Ellis Asset Management LLC acquired a new position in shares of Marriott International in the second quarter valued at approximately $133,000. TrimTabs Asset Management LLC increased its stake in shares of Marriott International by 89.1% in the first quarter. TrimTabs Asset Management LLC now owns 1,562 shares of the company’s stock valued at $147,000 after buying an additional 736 shares during the period. North Star Investment Management Corp. increased its stake in shares of Marriott International by 3.3% in the second quarter. North Star Investment Management Corp. now owns 1,583 shares of the company’s stock valued at $159,000 after buying an additional 50 shares during the period. Finally, Regal Wealth Group Inc. increased its stake in shares of Marriott International by 0.3% in the second quarter. Regal Wealth Group Inc. now owns 1,637 shares of the company’s stock valued at $164,000 after buying an additional 5 shares during the period. 65.93% of the stock is owned by institutional investors.
In related news, EVP Edward A. Ryan sold 4,453 shares of Marriott International stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $103.81, for a total transaction of $462,265.93. Following the sale, the executive vice president now directly owns 80,406 shares in the company, valued at $8,346,946.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mary K. Bush sold 1,200 shares of Marriott International stock in a transaction that occurred 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 sale, the director now owns 1,101 shares in the company, valued at $111,079.89. The disclosure for this sale can be found here. Insiders have sold 94,191 shares of company stock worth $9,512,282 over the last 90 days. 11.32% of the stock is currently owned by corporate insiders.
Several analysts recently commented on the company. Zacks Investment Research cut Marriott International from a “buy” rating to a “hold” rating in a report on Monday, May 29th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $109.00 target price (up from $92.00) on shares of Marriott International in a report on Monday, June 12th. BidaskClub cut Marriott International from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Stifel Nicolaus upped their target price on Marriott International from $95.00 to $98.00 and gave the company a “hold” rating in a report on Tuesday, August 8th. Finally, Robert W. Baird upped their target price on Marriott International from $101.00 to $103.00 and gave the company a “neutral” rating in a report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $100.81.
Marriott International (NASDAQ MAR) opened at 105.39 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 capitalization of $39.25 billion, a PE ratio of 34.59 and a beta of 1.36. The firm’s 50 day moving average price is $102.39 and its 200-day moving average price is $99.03.
Marriott International (NASDAQ:MAR) last posted its earnings results on Monday, August 7th. The company reported $1.13 earnings per share (EPS) 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 firm had revenue of $5.80 billion for the quarter, compared to analysts’ expectations of $5.73 billion. During the same period in the previous year, the firm earned $1.03 earnings per share. The business’s revenue was up 48.5% compared to the same quarter last year. On average, equities analysts anticipate that Marriott International will post $4.13 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 24th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $1.32 annualized dividend and a dividend yield of 1.25%. Marriott International’s dividend payout ratio is presently 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.
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