FTB Advisors Inc. Has $406,000 Stake in Marriott International (MAR)
FTB Advisors Inc. held its position in shares of Marriott International (NASDAQ:MAR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,050 shares of the company’s stock at the close of the second quarter. FTB Advisors Inc.’s holdings in Marriott International were worth $406,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. bought a new position in shares of Marriott International in the first quarter worth $115,000. Baker Ellis Asset Management LLC bought a new position in shares of Marriott International in the second quarter worth $133,000. North Star Investment Management Corp. grew 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 worth $159,000 after purchasing an additional 50 shares in the last quarter. Regal Wealth Group Inc. grew 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 worth $164,000 after purchasing an additional 5 shares in the last quarter. Finally, Alexandria Capital LLC grew its stake in shares of Marriott International by 0.7% in the second quarter. Alexandria Capital LLC now owns 1,644 shares of the company’s stock worth $165,000 after purchasing an additional 12 shares in the last quarter. 65.88% of the stock is owned by institutional investors.
Several research firms have recently issued reports on MAR. Zacks Investment Research raised Marriott International from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. BidaskClub raised Marriott International from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 8th. UBS AG reissued a “neutral” rating and issued a $101.00 price target (up previously from $98.00) on shares of Marriott International in a research note on Monday, August 14th. Stifel Nicolaus increased 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, Robert W. Baird increased their price target on Marriott International from $101.00 to $103.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $99.68.
In other Marriott International news, insider Argiris Kyriakidis sold 3,000 shares of the business’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $107.84, for a total value of $323,520.00. Following the completion of the transaction, the insider now directly owns 16,079 shares of the company’s stock, valued at $1,733,959.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Edward A. Ryan sold 6,000 shares of the business’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $108.00, for a total value of $648,000.00. Following the completion of the transaction, the executive vice president now directly owns 74,406 shares of the company’s stock, valued at $8,035,848. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 110,727 shares of company stock valued at $11,339,600. 11.32% of the stock is owned by insiders.
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Marriott International (NASDAQ MAR) traded up 0.44% during trading on Friday, hitting $111.76. The company had a trading volume of 1,872,486 shares. The firm has a 50-day moving average of $105.23 and a 200 day moving average of $101.35. Marriott International has a 12-month low of $65.91 and a 12-month high of $111.77. The company has a market capitalization of $41.62 billion, a price-to-earnings ratio of 36.68 and a beta of 1.36.
Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Monday, August 7th. The company reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.11. Marriott International had a return on equity of 26.26% and a net margin of 5.27%. The business had revenue of $5.80 billion during 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 firm’s quarterly revenue was up 48.5% compared to the same quarter last year. On average, equities research analysts forecast that Marriott International will post $4.13 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Thursday, August 24th were paid a dividend of $0.33 per share. The ex-dividend date was Tuesday, August 22nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.18%. Marriott International’s dividend payout ratio (DPR) is presently 45.52%.
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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