Wunderlich Capital Managemnt lessened its position in Marriott International Inc (NASDAQ:MAR) by 0.8% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 16,410 shares of the company’s stock after selling 133 shares during the period. Marriott International makes up about 1.5% of Wunderlich Capital Managemnt’s holdings, making the stock its 14th largest position. Wunderlich Capital Managemnt’s holdings in Marriott International were worth $2,302,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the business. Meridian Wealth Management LLC purchased a new position in shares of Marriott International during the second quarter valued at approximately $25,000. NuWave Investment Management LLC boosted its position in shares of Marriott International by 373.9% during the second quarter. NuWave Investment Management LLC now owns 218 shares of the company’s stock valued at $31,000 after buying an additional 172 shares during the last quarter. TLW Wealth Management LLC purchased a new position in shares of Marriott International during the second quarter valued at approximately $31,000. Rational Advisors LLC boosted its position in shares of Marriott International by 373.9% during the second quarter. Rational Advisors LLC now owns 218 shares of the company’s stock valued at $31,000 after buying an additional 172 shares during the last quarter. Finally, Motco purchased a new position in shares of Marriott International during the second quarter valued at approximately $40,000. 63.25% of the stock is owned by hedge funds and other institutional investors.
Several brokerages recently issued reports on MAR. Sanford C. Bernstein began coverage on Marriott International in a research report on Wednesday, September 11th. They set a “market perform” rating and a $136.00 target price on the stock. Morgan Stanley lifted their target price 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. Deutsche Bank reaffirmed a “hold” rating and set a $123.00 target price on shares of Marriott International in a research report on Wednesday, August 7th. JPMorgan Chase & Co. dropped their price target on Marriott International from $134.00 to $128.00 and set a “neutral” rating on the stock in a report on Friday, September 6th. Finally, Longbow Research lowered Marriott International from a “buy” rating to a “neutral” rating in a report on Monday, July 15th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company. Marriott International has an average rating of “Hold” and a consensus target price of $135.67.
Marriott International stock traded down $2.23 during mid-day trading on Friday, reaching $127.32. 68,841 shares of the company’s stock were exchanged, compared to its average volume of 1,466,305. The business’s fifty day simple moving average is $129.81 and its 200 day simple moving average is $131.78. The firm has a market capitalization of $43.00 billion, a PE ratio of 20.50, a P/E/G ratio of 2.92 and a beta of 1.28. Marriott International Inc has a one year low of $100.62 and a one year high of $144.24. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 8.93.
Marriott International (NASDAQ:MAR) last issued its earnings results on Monday, August 5th. The company reported $1.56 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.56. The firm had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.50 billion. Marriott International had a return on equity of 113.75% and a net margin of 6.81%. The business’s revenue was down 1.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.73 earnings per share. On average, sell-side analysts forecast that Marriott International Inc will post 6.03 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Thursday, August 22nd will be paid a $0.48 dividend. The ex-dividend date is Wednesday, August 21st. This represents a $1.92 annualized dividend and a dividend yield of 1.51%. Marriott International’s payout ratio is presently 30.92%.
In other Marriott International news, insider Argiris Kyriakidis sold 6,642 shares of the business’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 sale, the insider now directly owns 19,025 shares in the company, valued at $2,604,903. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Bruce W. Duncan sold 3,376 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $132.16, for a total value of $446,172.16. Following the completion of the sale, the director now owns 14,600 shares in the company, valued at $1,929,536. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 51,425 shares of company stock worth $6,886,352. Corporate insiders own 12.60% of the company’s stock.
About Marriott International
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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