CSat Investment Advisory L.P. boosted its stake in shares of Marriott International Inc (NASDAQ:MAR) by 66.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,822 shares of the company’s stock after purchasing an additional 3,112 shares during the quarter. CSat Investment Advisory L.P.’s holdings in Marriott International were worth $1,098,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Marriott International by 5.0% in the second quarter. Vanguard Group Inc. now owns 20,967,637 shares of the company’s stock valued at $2,941,550,000 after buying an additional 1,000,762 shares during the period. USS Investment Management Ltd acquired a new stake in shares of Marriott International in the second quarter valued at $135,135,000. Point72 Asset Management L.P. acquired a new stake in shares of Marriott International in the second quarter valued at $62,173,000. Northern Trust Corp lifted its holdings in shares of Marriott International by 8.1% in the second quarter. Northern Trust Corp now owns 3,246,154 shares of the company’s stock valued at $455,403,000 after buying an additional 243,203 shares during the period. Finally, Westfield Capital Management Co. LP lifted its holdings in shares of Marriott International by 26.2% in the first quarter. Westfield Capital Management Co. LP now owns 1,000,070 shares of the company’s stock valued at $125,099,000 after buying an additional 207,423 shares during the period. Institutional investors and hedge funds own 63.25% of the company’s stock.
MAR stock traded down $2.58 during midday trading on Friday, reaching $126.97. 2,222,439 shares of the company’s stock traded hands, compared to its average volume of 1,438,742. The company has a 50-day simple moving average of $129.54 and a two-hundred day simple moving average of $131.80. Marriott International Inc has a 1-year low of $100.62 and a 1-year high of $144.24. The company has a market cap of $42.88 billion, a price-to-earnings ratio of 20.45, a PEG ratio of 2.92 and a beta of 1.28. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 8.93.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Thursday, August 22nd will be given a $0.48 dividend. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $1.92 annualized dividend and a dividend yield of 1.51%. Marriott International’s dividend payout ratio is currently 30.92%.
Several brokerages have recently weighed in on MAR. BidaskClub lowered Marriott International from a “hold” rating to a “sell” rating in a report on Wednesday, August 28th. Longbow Research lowered Marriott International from a “buy” rating to a “neutral” rating in a research report on Monday, July 15th. Royal Bank of Canada upped their price target on Marriott International from $146.00 to $148.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Morgan Stanley upped their price target on Marriott International from $123.00 to $125.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 7th. Finally, Sanford C. Bernstein began coverage on Marriott International in a research report on Wednesday, September 11th. They issued a “market perform” rating and a $136.00 target price on the stock. One analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $135.67.
In other news, Director George Munoz sold 4,866 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $133.61, for a total value of $650,146.26. Following the transaction, the director now directly owns 6,754 shares in the company, valued at approximately $902,401.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Argiris Kyriakidis sold 6,642 shares of the firm’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $136.92, for a total value of $909,422.64. Following the completion of the transaction, the insider now owns 19,025 shares in the company, valued at $2,604,903. The disclosure for this sale can be found here. Insiders sold a total of 51,425 shares of company stock worth $6,886,352 over the last 90 days. 12.60% of the stock is owned by corporate insiders.
Marriott International Company Profile
Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through North American Full-Service, North American Limited-Service, and Asia Pacific segments. It operates its properties under the JW Marriott, The Ritz-Carlton, Ritz-Carlton Reserve, W Hotels, The Luxury Collection, St.
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