Tiaa Fsb Purchases Shares of 10,212 Marriott International (MAR)
Tiaa Fsb purchased a new stake in Marriott International (NASDAQ:MAR) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 10,212 shares of the company’s stock, valued at approximately $1,024,000.
A number of other large investors also recently made changes to their positions in the business. Vanguard Group Inc. grew its position in Marriott International by 1.7% in the second quarter. Vanguard Group Inc. now owns 19,999,062 shares of the company’s stock valued at $2,006,106,000 after acquiring an additional 331,586 shares during the period. BlackRock Inc. grew its position in Marriott International by 2,076.2% in the first quarter. BlackRock Inc. now owns 18,978,323 shares of the company’s stock valued at $1,787,379,000 after acquiring an additional 18,106,240 shares during the period. FMR LLC grew its position in Marriott International by 32.5% in the second quarter. FMR LLC now owns 15,406,182 shares of the company’s stock valued at $1,545,394,000 after acquiring an additional 3,780,639 shares during the period. State Street Corp grew its position in Marriott International by 0.5% in the first quarter. State Street Corp now owns 14,173,107 shares of the company’s stock valued at $1,334,828,000 after acquiring an additional 73,403 shares during the period. Finally, Morgan Stanley grew its position in Marriott International by 0.6% in the first quarter. Morgan Stanley now owns 5,079,669 shares of the company’s stock valued at $478,403,000 after acquiring an additional 27,814 shares during the period. Hedge funds and other institutional investors own 65.88% of the company’s stock.
Marriott International (NASDAQ:MAR) opened at 107.88 on Friday. Marriott International has a 52 week low of $65.91 and a 52 week high of $110.51. The stock’s 50 day moving average price is $102.54 and its 200 day moving average price is $99.47. The firm has a market cap of $40.18 billion, a price-to-earnings ratio of 35.41 and a beta of 1.36.
Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Monday, August 7th. The company reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.11. The business had revenue of $5.80 billion for the quarter, compared to analyst estimates of $5.73 billion. Marriott International had a return on equity of 26.26% and a net margin of 5.27%. Marriott International’s quarterly revenue was up 48.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 EPS. On average, equities research analysts predict that Marriott International will post $4.13 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 24th will be given a dividend of $0.33 per share. The ex-dividend date is Tuesday, August 22nd. This represents a $1.32 dividend on an annualized basis and a yield of 1.22%. Marriott International’s dividend payout ratio is currently 45.52%.
A number of analysts have weighed in on the company. BidaskClub upgraded Marriott International from a “buy” rating to a “strong-buy” rating in a research report on Friday. Robert W. Baird restated a “hold” rating and set a $103.00 target price on shares of Marriott International in a report on Sunday, September 17th. Wolfe Research upgraded Marriott International from a “market perform” rating to an “outperform” rating in a report on Wednesday, August 30th. Berenberg Bank restated a “buy” rating and set a $125.00 target price on shares of Marriott International in a report on Friday, August 18th. Finally, UBS AG restated a “neutral” rating and set a $101.00 target price (up previously from $98.00) on shares of Marriott International in a report on Monday, August 14th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $100.81.
In other Marriott International news, insider B. Marriott Marital Tr Juliana sold 30,000 shares of the company’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $99.84, for a total value of $2,995,200.00. Following the sale, the insider now owns 493,896 shares in the company, valued at approximately $49,310,576.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mary K. Bush sold 1,200 shares of the company’s stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $100.89, for a total value of $121,068.00. Following the completion of the sale, the director now owns 1,101 shares in the company, valued at approximately $111,079.89. The disclosure for this sale can be found here. Insiders have sold a total of 110,927 shares of company stock worth $11,316,268 in the last 90 days. 11.32% of the stock is currently owned by corporate 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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