Ruggie Capital Group maintained its stake in shares of Marriott International (NASDAQ:MAR) during the second quarter, Holdings Channel reports. The fund owned 1,815 shares of the company’s stock at the end of the second quarter. Ruggie Capital Group’s holdings in Marriott International were worth $182,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of MAR. Canada Pension Plan Investment Board increased its stake in shares of Marriott International by 386.7% in the second quarter. Canada Pension Plan Investment Board now owns 182,828 shares of the company’s stock valued at $18,339,000 after buying an additional 145,265 shares during the last quarter. Trexquant Investment LP purchased a new stake in shares of Marriott International during the second quarter valued at approximately $251,000. Arrow Financial Corp increased its stake in shares of Marriott International by 7.6% in the second quarter. Arrow Financial Corp now owns 13,136 shares of the company’s stock valued at $1,318,000 after buying an additional 931 shares during the last quarter. Baxter Bros Inc. increased its stake in shares of Marriott International by 29.3% in the second quarter. Baxter Bros Inc. now owns 11,635 shares of the company’s stock valued at $1,167,000 after buying an additional 2,640 shares during the last quarter. Finally, Advisor Partners LLC increased its stake in shares of Marriott International by 4.8% in the second quarter. Advisor Partners LLC now owns 5,976 shares of the company’s stock valued at $599,000 after buying an additional 271 shares during the last quarter. 67.06% of the stock is owned by hedge funds and other institutional investors.

Marriott International (NASDAQ:MAR) opened at 101.35 on Thursday. Marriott International has a one year low of $65.91 and a one year high of $110.51. The firm has a market cap of $38.40 billion, a PE ratio of 35.90 and a beta of 1.36. The company’s 50-day moving average is $102.42 and its 200 day moving average is $96.25. Marriott International also was the target of some unusual options trading activity on Monday. Traders purchased 9,942 call options on the stock. This is an increase of approximately 568% compared to the typical volume of 1,488 call options.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Monday, August 7th. The company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.11. Marriott International had a net margin of 5.27% and a return on equity of 25.59%. The business had revenue of $5.80 billion during the quarter, compared to the consensus estimate of $5.73 billion. During the same quarter last year, the firm posted $1.03 EPS. Marriott International’s revenue was up 48.5% compared to the same quarter last year. Equities analysts anticipate that Marriott International will post $4.10 earnings per share for the current year.

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Several equities research analysts have commented on the stock. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $113.00 target price (up previously from $111.00) on shares of Marriott International in a research note on Wednesday. Zacks Investment Research raised shares of Marriott International from a “sell” rating to a “hold” rating in a research note on Wednesday. BidaskClub raised shares of Marriott International from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Robert W. Baird upped their target price on shares of Marriott International from $101.00 to $103.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, Stifel Nicolaus upped their target price on shares of Marriott International from $95.00 to $98.00 and gave the company a “hold” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Marriott International currently has an average rating of “Buy” and an average target price of $98.56.

In other Marriott International news, Director George Munoz sold 5,894 shares of Marriott International stock in a transaction on Monday, May 15th. The shares were sold at an average price of $103.95, for a total transaction of $612,681.30. Following the transaction, the director now directly owns 7,659 shares of the company’s stock, valued at approximately $796,153.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stephen Blake Marriott sold 3,733 shares of Marriott International stock in a transaction 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 in the company, valued at $15,643,371.44. The disclosure for this sale can be found here. In the last three months, insiders sold 41,216 shares of company stock valued at $4,270,892. 17.07% of the stock is currently owned by insiders.

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

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