Sandy Spring Bank held its stake in shares of Marriott International (NASDAQ:MAR) during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 24,708 shares of the company’s stock at the close of the 2nd quarter. Sandy Spring Bank’s holdings in Marriott International were worth $2,478,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Fox Run Management L.L.C. purchased a new stake in Marriott International in the 2nd quarter worth about $562,000. Fundsmith LLP raised its position in Marriott International by 4.7% in the 1st quarter. Fundsmith LLP now owns 184,690 shares of the company’s stock worth $17,394,000 after purchasing an additional 8,254 shares during the period. Vanguard Group Inc. raised its position in Marriott International by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 19,667,476 shares of the company’s stock worth $1,852,283,000 after purchasing an additional 303,078 shares during the period. Pacer Advisors Inc. raised its position in Marriott International by 4.3% in the 1st quarter. Pacer Advisors Inc. now owns 10,920 shares of the company’s stock worth $1,028,000 after purchasing an additional 455 shares during the period. Finally, Airain ltd purchased a new stake in Marriott International in the 2nd quarter worth about $13,601,000. Hedge funds and other institutional investors own 65.93% of the company’s stock.
Shares of Marriott International (MAR) traded down 0.94% during midday trading on Friday, reaching $105.39. 2,790,640 shares of the company’s stock traded hands. The stock has a market capitalization of $39.25 billion, a P/E ratio of 34.59 and a beta of 1.36. Marriott International has a 1-year low of $65.91 and a 1-year high of $110.51. 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 quarterly earnings results on Monday, August 7th. The company reported $1.13 EPS for the quarter, topping the consensus estimate of $1.02 by $0.11. Marriott International had a net margin of 5.27% and a return on equity of 26.26%. The company had revenue of $5.80 billion during the quarter, compared to analysts’ expectations of $5.73 billion. During the same quarter in the previous year, the business posted $1.03 EPS. The firm’s revenue was up 48.5% on a year-over-year basis. On average, equities analysts predict 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. Shareholders of record on Thursday, August 24th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 1.25%. The ex-dividend date is Tuesday, August 22nd. Marriott International’s dividend payout ratio (DPR) is presently 45.52%.
MAR has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Marriott International from a “buy” rating to a “hold” rating in a research report on Monday, May 29th. Royal Bank Of Canada reissued an “outperform” rating and issued a $109.00 price objective (up from $92.00) on shares of Marriott International in a research report on Monday, June 12th. BidaskClub lowered shares of Marriott International from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Stifel Nicolaus increased their price objective on shares of Marriott International from $95.00 to $98.00 and gave the stock a “hold” rating in a research report on Tuesday, August 8th. Finally, Robert W. Baird upped their target price on shares of Marriott International from $101.00 to $103.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $100.81.
In other news, insider J W. Marriott, Jr. sold 26,362 shares of the company’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $101.78, for a total value of $2,683,124.36. Following the completion of the transaction, the insider now owns 203,286 shares in the company, valued at approximately $20,690,449.08. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider B. Marriott Marital Tr Juliana sold 30,000 shares of the company’s stock in a transaction on 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 transaction, the insider now owns 493,896 shares of the company’s stock, valued at approximately $49,310,576.64. The disclosure for this sale can be found here. Insiders have sold a total of 94,191 shares of company stock valued at $9,512,282 in the last quarter. 11.32% of the stock is currently owned by company insiders.
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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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