Vanguard Group Inc. decreased its stake in shares of Marriott International Inc. (NASDAQ:MAR) by 1.9% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 15,280,526 shares of the company’s stock after selling 290,432 shares during the period. Vanguard Group Inc. owned 6.01% of Marriott International worth $1,015,544,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Legal & General Group Plc boosted its position in shares of Marriott International by 0.7% in the first quarter. Legal & General Group Plc now owns 860,879 shares of the company’s stock valued at $61,278,000 after buying an additional 5,724 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Marriott International by 0.7% in the first quarter. Geode Capital Management LLC now owns 1,619,707 shares of the company’s stock valued at $115,066,000 after buying an additional 10,997 shares in the last quarter. State Treasurer State of Michigan boosted its position in shares of Marriott International by 1.2% in the second quarter. State Treasurer State of Michigan now owns 66,219 shares of the company’s stock valued at $4,401,000 after buying an additional 800 shares in the last quarter. Windward Capital Management Co. CA boosted its position in shares of Marriott International by 0.8% in the second quarter. Windward Capital Management Co. CA now owns 143,563 shares of the company’s stock valued at $9,541,000 after buying an additional 1,154 shares in the last quarter. Finally, World Asset Management Inc boosted its position in shares of Marriott International by 2.7% in the second quarter. World Asset Management Inc now owns 18,659 shares of the company’s stock valued at $1,240,000 after buying an additional 489 shares in the last quarter. 73.73% of the stock is currently owned by hedge funds and other institutional investors.

Marriott International Inc. (NASDAQ:MAR) traded up 0.24% during mid-day trading on Thursday, reaching $70.31. The company had a trading volume of 884,806 shares. Marriott International Inc. has a one year low of $56.43 and a one year high of $79.88. The firm has a market capitalization of $17.89 billion, a P/E ratio of 20.95 and a beta of 1.25. The firm’s 50-day moving average is $71.29 and its 200-day moving average is $69.05.

Marriott International (NASDAQ:MAR) last issued its earnings results on Wednesday, July 27th. The company reported $1.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.05. The business earned $3.90 billion during the quarter, compared to the consensus estimate of $3.91 billion. Marriott International had a negative return on equity of 25.25% and a net margin of 5.87%. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.82 earnings per share. On average, equities research analysts anticipate that Marriott International Inc. will post $3.69 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 23rd will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, September 21st. This represents a $1.20 dividend on an annualized basis and a yield of 1.71%. Marriott International’s payout ratio is currently 35.71%.

MAR has been the subject of several recent analyst reports. Vetr cut shares of Marriott International from a “strong-buy” rating to a “buy” rating and set a $73.94 target price for the company. in a report on Wednesday, May 25th. Zacks Investment Research cut shares of Marriott International from a “hold” rating to a “sell” rating in a report on Wednesday, June 29th. Evercore ISI upgraded shares of Marriott International from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a report on Thursday, June 30th. Wolfe Research began coverage on shares of Marriott International in a report on Wednesday, July 6th. They issued a “market perform” rating for the company. Finally, Morgan Stanley decreased their price target on shares of Marriott International from $74.00 to $73.00 and set an “equal weight” rating for the company in a report on Thursday, July 28th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twelve have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $77.59.

In related news, insider Argiris Kyriakidis sold 3,000 shares of Marriott International stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $71.49, for a total transaction of $214,470.00. Following the transaction, the insider now owns 21,658 shares of the company’s stock, valued at $1,548,330.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Craig S. Smith sold 1,373 shares of Marriott International stock in a transaction that occurred on Tuesday, August 23rd. The shares were sold at an average price of $73.30, for a total value of $100,640.90. Following the transaction, the insider now directly owns 15,704 shares in the company, valued at approximately $1,151,103.20. The disclosure for this sale can be found here. 17.07% of the stock is owned by company insiders.

About Marriott International

Marriott International, Inc is a lodging company. The Company is an operator, franchisor and licensor of hotels and timeshare properties in approximately 90 countries and territories under over 20 brand names. It also develops, operates and markets residential properties, and provides services to home or condominium owner associations.

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