Marriott International (MAR) Shares Bought by California Public Employees Retirement System
California Public Employees Retirement System boosted its stake in Marriott International (NASDAQ:MAR) by 2.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 816,540 shares of the company’s stock after acquiring an additional 18,200 shares during the quarter. California Public Employees Retirement System owned 0.22% of Marriott International worth $81,907,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in MAR. Vanguard Group Inc. lifted its holdings in Marriott International by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 19,999,062 shares of the company’s stock valued at $2,006,106,000 after purchasing an additional 331,586 shares in the last quarter. BlackRock Inc. lifted its holdings in Marriott International by 2,076.2% in the 1st quarter. BlackRock Inc. now owns 18,978,323 shares of the company’s stock valued at $1,787,379,000 after purchasing an additional 18,106,240 shares in the last quarter. FMR LLC lifted its holdings in Marriott International by 32.5% in the 2nd quarter. FMR LLC now owns 15,406,182 shares of the company’s stock valued at $1,545,394,000 after purchasing an additional 3,780,639 shares in the last quarter. State Street Corp lifted its holdings in Marriott International by 0.5% in the 1st quarter. State Street Corp now owns 14,173,107 shares of the company’s stock valued at $1,334,828,000 after purchasing an additional 73,403 shares in the last quarter. Finally, Morgan Stanley lifted its holdings in Marriott International by 0.6% in the 1st quarter. Morgan Stanley now owns 5,079,669 shares of the company’s stock valued at $478,403,000 after purchasing an additional 27,814 shares in the last quarter. 65.88% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Marriott International (NASDAQ:MAR) traded up 0.33% during mid-day trading on Friday, hitting $107.92. The company had a trading volume of 174,667 shares. The company has a market cap of $40.19 billion, a PE ratio of 35.42 and a beta of 1.36. Marriott International has a 12 month low of $65.91 and a 12 month high of $110.51. The firm has a 50-day moving average of $102.54 and a 200-day moving average of $99.47.
Marriott International (NASDAQ:MAR) last released its earnings results on Monday, August 7th. The company reported $1.13 earnings per share for the quarter, topping 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 the consensus estimate of $5.73 billion. During the same period in the prior year, the business posted $1.03 earnings per share. The firm’s revenue for the quarter was up 48.5% compared to the same quarter last year. On average, analysts expect that Marriott International will post $4.13 EPS for the current year.
The firm also recently announced 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 is Tuesday, August 22nd. This represents a $1.32 annualized dividend and a yield of 1.23%. Marriott International’s dividend payout ratio (DPR) is presently 45.52%.
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In other news, Director Mary K. Bush sold 1,200 shares of the firm’s stock in a transaction dated Friday, June 30th. The stock was sold at an average price of $100.89, for a total value of $121,068.00. Following the transaction, the director now directly owns 1,101 shares in the company, valued at approximately $111,079.89. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Edward A. Ryan sold 4,453 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $103.81, for a total value of $462,265.93. Following the completion of the transaction, the executive vice president now owns 80,406 shares in the company, valued at $8,346,946.86. 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 quarter. 11.32% of the stock is currently owned by company insiders.
A number of research analysts have weighed in on the company. Robert W. Baird restated a “hold” rating and issued a $103.00 price objective on shares of Marriott International in a report on Sunday, September 17th. Zacks Investment Research upgraded Marriott International from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. BidaskClub upgraded Marriott International from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 8th. Stifel Nicolaus raised their price objective on Marriott International from $95.00 to $98.00 and gave the company a “hold” rating in a report on Tuesday, August 8th. Finally, UBS AG restated a “neutral” rating and issued a $101.00 price objective (up previously from $98.00) on shares of Marriott International in a report on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $100.81.
Marriott International 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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