Marriott International (MAR) Stake Boosted by Fiduciary Financial Services of The Southwest Inc. TX
Fiduciary Financial Services of The Southwest Inc. TX boosted its position in Marriott International (NASDAQ:MAR) by 1.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,535 shares of the company’s stock after buying an additional 55 shares during the period. Fiduciary Financial Services of The Southwest Inc. TX’s holdings in Marriott International were worth $355,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of MAR. Windward Capital Management Co. CA increased its stake in shares of Marriott International by 1.8% in the first quarter. Windward Capital Management Co. CA now owns 144,078 shares of the company’s stock worth $13,569,000 after buying an additional 2,567 shares during the period. State of Alaska Department of Revenue bought a new position in shares of Marriott International during the first quarter valued at approximately $290,000. Huntington National Bank increased its position in shares of Marriott International by 6.2% in the first quarter. Huntington National Bank now owns 260,806 shares of the company’s stock valued at $24,563,000 after buying an additional 15,307 shares during the last quarter. American Economic Planning Group Inc. ADV bought a new position in shares of Marriott International during the first quarter valued at approximately $204,000. Finally, Boys Arnold & Co. Inc. bought a new position in shares of Marriott International during the first quarter valued at approximately $205,000. 67.11% of the stock is owned by institutional investors.
Shares of Marriott International (NASDAQ:MAR) opened at 100.07 on Tuesday. Marriott International has a 52-week low of $65.91 and a 52-week high of $110.51. The firm has a market capitalization of $37.27 billion, a PE ratio of 32.84 and a beta of 1.36. The stock’s 50 day moving average is $102.05 and its 200 day moving average is $96.65.
Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Monday, August 7th. The company reported $1.13 EPS for the quarter, beating the Zacks’ 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 analyst estimates of $5.73 billion. During the same period in the prior year, the business posted $1.03 EPS. The firm’s revenue was up 48.5% compared to the same quarter last year. On average, equities research analysts forecast that Marriott International will post $4.10 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 24th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Tuesday, August 22nd. Marriott International’s payout ratio is currently 45.52%.
MAR has been the subject of several research reports. Guggenheim initiated coverage on shares of Marriott International in a research note on Wednesday, April 26th. They issued a “neutral” rating for the company. BidaskClub downgraded shares of Marriott International from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Barclays PLC reissued a “hold” rating and issued a $105.00 price objective on shares of Marriott International in a research note on Friday, May 12th. Zacks Investment Research raised shares of Marriott International from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $109.00 price objective (up previously from $92.00) on shares of Marriott International in a research note on Monday, June 12th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have issued a buy rating to the company’s stock. Marriott International has a consensus rating of “Hold” and a consensus target price of $98.69.
In other Marriott International news, EVP Anthony Capuano sold 5,000 shares of the business’s stock in a transaction on Friday, June 30th. The shares were sold at an average price of $100.72, for a total transaction of $503,600.00. Following the transaction, the executive vice president now directly owns 56,405 shares of the company’s stock, valued at approximately $5,681,111.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Mary K. Bush sold 1,200 shares of the business’s stock in a transaction on Friday, June 30th. The shares were sold at an average price of $100.89, for a total transaction of $121,068.00. Following the transaction, the director now directly owns 1,101 shares in the company, valued at $111,079.89. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,822 shares of company stock worth $1,644,640. 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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