Ropes Wealth Advisors LLC Purchases 177 Shares of Marriott International (MAR)
Ropes Wealth Advisors LLC raised its position in Marriott International (NASDAQ:MAR) by 5.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,659 shares of the company’s stock after acquiring an additional 177 shares during the quarter. Ropes Wealth Advisors LLC’s holdings in Marriott International were worth $367,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of MAR. Regal Wealth Group Inc. raised its holdings in Marriott International by 0.3% during the second quarter. Regal Wealth Group Inc. now owns 1,637 shares of the company’s stock worth $164,000 after purchasing an additional 5 shares in the last quarter. Gradient Investments LLC increased its holdings 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 acquiring an additional 6 shares during the period. Family Firm Inc. increased its holdings 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 acquiring an additional 8 shares during the period. Alexandria Capital LLC increased its holdings 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 acquiring an additional 12 shares during the period. Finally, First Bank & Trust increased its holdings 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 acquiring an additional 20 shares during the period. Institutional investors own 65.88% of the company’s stock.
Marriott International (NASDAQ MAR) traded up 1.16% during midday trading on Monday, hitting $109.13. 220,844 shares of the company traded hands. The stock has a market cap of $40.64 billion, a P/E ratio of 35.82 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 stock has a 50 day moving average of $102.54 and a 200 day moving average of $99.47.
Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Monday, August 7th. The company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.11. The company had revenue of $5.80 billion for the quarter, compared to analyst estimates of $5.73 billion. Marriott International had a return on equity of 26.26% and a net margin of 5.27%. The company’s quarterly revenue was up 48.5% compared to the same quarter last year. During the same period last year, the company earned $1.03 earnings per share. Equities research analysts predict that Marriott International will post $4.13 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 24th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date is Tuesday, August 22nd. Marriott International’s dividend payout ratio (DPR) is 45.52%.
MAR has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Marriott International from a “buy” rating to a “hold” rating in a report on Monday, May 29th. Royal Bank Of Canada reaffirmed 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 shares of Marriott International from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Stifel Nicolaus lifted their target price on shares of 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 lifted their target price on shares of Marriott International from $101.00 to $103.00 and gave the company a “neutral” rating in a report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Marriott International currently has a consensus rating of “Buy” and an average price target of $100.81.
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In related news, insider Argiris Kyriakidis sold 3,000 shares of the firm’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $107.84, for a total transaction of $323,520.00. Following the completion of the transaction, the insider now owns 16,079 shares of the company’s stock, valued at $1,733,959.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mary K. Bush sold 1,200 shares of the firm’s stock in a transaction dated Friday, June 30th. The shares were 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 of the company’s stock, valued at approximately $111,079.89. The disclosure for this sale can be found here. Insiders have sold 110,927 shares of company stock worth $11,316,268 over the last three months. Corporate insiders own 11.32% of the company’s stock.
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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