Marriott International (MAR) Stake Raised by Public Employees Retirement System of Ohio
Public Employees Retirement System of Ohio grew its position in shares of Marriott International (NASDAQ:MAR) by 48.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 218,491 shares of the company’s stock after buying an additional 71,474 shares during the quarter. Public Employees Retirement System of Ohio owned 0.06% of Marriott International worth $21,917,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently bought and sold shares of MAR. OppenheimerFunds Inc. grew its holdings in shares of Marriott International by 509.0% during the first quarter. OppenheimerFunds Inc. now owns 25,340 shares of the company’s stock valued at $2,387,000 after buying an additional 21,179 shares during the last quarter. Teachers Advisors LLC grew its holdings in shares of Marriott International by 47.8% during the first quarter. Teachers Advisors LLC now owns 1,638,849 shares of the company’s stock valued at $154,347,000 after buying an additional 530,186 shares during the last quarter. WINTON GROUP Ltd grew its holdings in shares of Marriott International by 603.8% during the first quarter. WINTON GROUP Ltd now owns 42,134 shares of the company’s stock valued at $2,837,000 after buying an additional 36,147 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Marriott International by 4.1% during the first quarter. Legal & General Group Plc now owns 1,536,531 shares of the company’s stock valued at $144,713,000 after buying an additional 60,277 shares during the last quarter. Finally, Simmons Bank purchased a new stake in shares of Marriott International during the first quarter valued at approximately $218,000. Hedge funds and other institutional investors own 65.85% of the company’s stock.
Marriott International (NASDAQ MAR) traded down 1.06% during trading on Monday, reaching $113.89. 414,448 shares of the company traded hands. The firm has a 50-day moving average price of $107.45 and a 200-day moving average price of $102.24. The company has a market capitalization of $42.41 billion, a P/E ratio of 37.38 and a beta of 1.36. Marriott International has a 52 week low of $65.91 and a 52 week high of $115.40.
Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Monday, August 7th. The company reported $1.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.11. The company had revenue of $5.80 billion during the quarter, compared to analysts’ expectations of $5.73 billion. Marriott International had a net margin of 5.27% and a return on equity of 26.26%. The firm’s revenue for the quarter was up 48.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.03 earnings per share. Analysts forecast that Marriott International will post $4.14 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Thursday, August 24th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend was Tuesday, August 22nd. Marriott International’s dividend payout ratio is presently 45.52%.
In other news, insider David S. Marriott sold 8,400 shares of the stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $100.51, for a total value of $844,284.00. Following the completion of the sale, the insider now directly owns 629,136 shares in the company, valued at $63,234,459.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider B. Marriott Marital Tr Juliana sold 30,000 shares of the stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $99.84, for a total transaction of $2,995,200.00. Following the completion of the sale, the insider now owns 493,896 shares of the company’s stock, valued at $49,310,576.64. The disclosure for this sale can be found here. Insiders have sold 110,727 shares of company stock valued at $11,339,600 over the last 90 days. 11.32% of the stock is currently owned by company insiders.
MAR has been the topic of a number of recent analyst reports. Wolfe Research upgraded shares of Marriott International from a “market perform” rating to an “outperform” rating in a report on Wednesday, August 30th. Zacks Investment Research cut shares of Marriott International from a “buy” rating to a “sell” rating in a report on Tuesday, July 11th. BidaskClub cut shares of Marriott International from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Robert W. Baird restated a “hold” rating and set a $103.00 price objective on shares of Marriott International in a research report on Sunday, September 17th. Finally, Berenberg Bank restated a “buy” rating and set a $125.00 price objective on shares of Marriott International in a research report on Friday, August 18th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $99.68.
Marriott International Company 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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