HS Management Partners LLC trimmed its stake in Marriott International (NASDAQ:MAR) by 27.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 667,940 shares of the company’s stock after selling 256,575 shares during the period. Marriott International makes up approximately 2.2% of HS Management Partners LLC’s portfolio, making the stock its 16th biggest holding. HS Management Partners LLC owned approximately 0.18% of Marriott International worth $67,001,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Marriott International by 1.6% during the first quarter. Vanguard Group Inc. now owns 19,667,476 shares of the company’s stock valued at $1,852,283,000 after acquiring an additional 303,078 shares during the last quarter. BlackRock Inc. grew its position in Marriott International by 2,076.2% during 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 last quarter. State Street Corp grew its position in Marriott International by 0.5% during 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 last quarter. FMR LLC grew its position in Marriott International by 112.2% during the first quarter. FMR LLC now owns 11,625,543 shares of the company’s stock valued at $1,094,894,000 after acquiring an additional 6,147,789 shares during the last quarter. Finally, Morgan Stanley grew its position in Marriott International by 0.6% during 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 last quarter. Institutional investors own 65.93% of the company’s stock.
Shares of Marriott International (MAR) traded down 0.94% during mid-day trading on Friday, reaching $105.39. The company had a trading volume of 2,790,640 shares. Marriott International has a 1-year low of $65.91 and a 1-year high of $110.51. The stock has a market capitalization of $39.25 billion, a price-to-earnings ratio of 34.59 and a beta of 1.36. The firm has a 50-day moving average price of $102.39 and a 200-day moving average price of $99.03.
Marriott International (NASDAQ:MAR) last released its earnings results on Monday, August 7th. The company reported $1.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.11. The firm had revenue of $5.80 billion for the quarter, compared to the consensus estimate of $5.73 billion. Marriott International had a return on equity of 26.26% and a net margin of 5.27%. The company’s revenue for the quarter 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. Equities analysts expect that Marriott International will post $4.13 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 24th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Tuesday, August 22nd. Marriott International’s payout ratio is currently 45.52%.
MAR has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Marriott International from a “buy” rating to a “hold” rating in a research report on Monday, May 29th. Royal Bank Of Canada reiterated an “outperform” rating and set a $109.00 price target (up from $92.00) on shares of Marriott International in a research report on Monday, June 12th. BidaskClub cut shares of Marriott International from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Stifel Nicolaus increased their price target on shares of Marriott International from $95.00 to $98.00 and gave the company a “hold” rating in a research report on Tuesday, August 8th. Finally, Robert W. Baird increased their price target on shares of Marriott International from $101.00 to $103.00 and gave the company a “neutral” rating in a research report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have given a buy rating to the company. Marriott International presently has an average rating of “Hold” and a consensus price target of $100.81.
In related news, insider J W. Marriott, Jr. sold 26,362 shares of the business’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $101.78, for a total transaction of $2,683,124.36. Following the completion of the transaction, the insider now owns 203,286 shares in the company, valued at approximately $20,690,449.08. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider B. Marriott Marital Tr Juliana sold 30,000 shares of the business’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $99.84, for a total value of $2,995,200.00. Following the transaction, the insider now owns 493,896 shares of the company’s stock, valued at approximately $49,310,576.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 94,191 shares of company stock valued at $9,512,282. 11.32% of the stock is owned by company insiders.
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Marriott International 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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