BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp cut its position in Marriott International (NASDAQ:MAR) by 2.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 198,483 shares of the company’s stock after selling 4,708 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Marriott International were worth $19,910,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Gradient Investments LLC increased its position in Marriott International by 0.3% in the second quarter. Gradient Investments LLC now owns 2,011 shares of the company’s stock valued at $202,000 after buying an additional 6 shares in the last quarter. Alexandria Capital LLC increased its position in Marriott International by 0.7% in the second quarter. Alexandria Capital LLC now owns 1,644 shares of the company’s stock valued at $165,000 after buying an additional 12 shares in the last quarter. First Bank & Trust increased its position in Marriott International by 1.2% in the second quarter. First Bank & Trust now owns 1,701 shares of the company’s stock valued at $171,000 after buying an additional 20 shares in the last quarter. Geneva Advisors LLC increased its position in Marriott International by 1.3% in the first quarter. Geneva Advisors LLC now owns 2,893 shares of the company’s stock valued at $272,000 after buying an additional 38 shares in the last quarter. Finally, Dumont & Blake Investment Advisors LLC increased its position in Marriott International by 0.5% in the first quarter. Dumont & Blake Investment Advisors LLC now owns 8,741 shares of the company’s stock valued at $823,000 after buying an additional 45 shares in the last quarter. 67.11% of the stock is owned by hedge funds and other institutional investors.

Shares of Marriott International (NASDAQ:MAR) opened at 100.07 on Tuesday. The stock’s 50 day moving average is $102.05 and its 200 day moving average is $96.65. Marriott International has a 12 month low of $65.91 and a 12 month high of $110.51. The firm has a market cap of $37.27 billion, a P/E ratio of 32.84 and a beta of 1.36.

Marriott International (NASDAQ:MAR) last posted its earnings results on Monday, August 7th. The company reported $1.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.11. Marriott International had a return on equity of 26.26% and a net margin of 5.27%. The firm had revenue of $5.80 billion for 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 business’s revenue was up 48.5% compared to the same quarter last year. Equities research analysts expect that Marriott International will post $4.10 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 24th will be paid a dividend of $0.33 per share. The ex-dividend date is Tuesday, August 22nd. This represents a $1.32 annualized dividend and a dividend yield of 1.32%. Marriott International’s dividend payout ratio (DPR) is presently 45.52%.

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Several research firms have recently issued reports on MAR. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $113.00 price objective (up previously from $111.00) on shares of Marriott International in a research note on Wednesday, August 9th. Zacks Investment Research raised Marriott International from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a research note on Wednesday, May 31st. Canaccord Genuity reaffirmed a “buy” rating and issued a $113.00 price objective (up previously from $100.00) on shares of Marriott International in a research note on Monday, May 8th. Instinet upped their price objective on Marriott International from $100.00 to $121.00 and gave the company a “buy” rating in a research note on Wednesday, May 10th. Finally, BidaskClub raised Marriott International from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 8th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $98.69.

In other news, insider Stephen Blake Marriott sold 3,733 shares of the business’s stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $107.44, for a total transaction of $401,073.52. Following the transaction, the insider now directly owns 145,601 shares of the company’s stock, valued at $15,643,371.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Anthony Capuano sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, June 30th. The shares were sold at an average price of $100.72, for a total value of $503,600.00. Following the transaction, the executive vice president now directly owns 56,405 shares in the company, valued at $5,681,111.60. The disclosure for this sale can be found here. Insiders have sold 15,822 shares of company stock worth $1,644,640 over the last three months. Insiders own 17.07% of the company’s stock.

About Marriott International

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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Institutional Ownership by Quarter for Marriott International (NASDAQ:MAR)

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