UMB Bank N A MO Sells 9,867 Shares of Marriott International (MAR)
UMB Bank N A MO reduced its stake in shares of Marriott International (NASDAQ:MAR) by 6.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 146,528 shares of the company’s stock after selling 9,867 shares during the period. UMB Bank N A MO’s holdings in Marriott International were worth $14,699,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale increased its stake in shares of Marriott International by 10.6% in the second quarter. DekaBank Deutsche Girozentrale now owns 72,763 shares of the company’s stock valued at $7,410,000 after buying an additional 7,001 shares in the last quarter. Summit Securities Group LLC bought a new position in shares of Marriott International during the second quarter valued at approximately $1,290,000. Schwab Charles Investment Management Inc. boosted its position in shares of Marriott International by 2.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,055,860 shares of the company’s stock valued at $105,914,000 after buying an additional 22,028 shares during the last quarter. Wetherby Asset Management Inc. boosted its position in shares of Marriott International by 2.4% in the second quarter. Wetherby Asset Management Inc. now owns 6,973 shares of the company’s stock valued at $700,000 after buying an additional 164 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its position 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. Hedge funds and other institutional investors own 67.06% of the company’s stock.
Shares of Marriott International (NASDAQ MAR) opened at 99.40 on Friday. Marriott International has a 1-year low of $65.91 and a 1-year high of $110.51. The firm has a market cap of $37.02 billion, a price-to-earnings ratio of 32.62 and a beta of 1.36. The company has a 50 day moving average of $102.16 and a 200 day moving average of $96.39.
Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Monday, August 7th. The company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.11. The firm had revenue of $5.80 billion during the quarter, compared to analysts’ expectations of $5.73 billion. Marriott International had a net margin of 5.27% and a return on equity of 26.26%. The company’s revenue for the quarter was up 48.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.03 earnings per share. On average, equities analysts forecast that Marriott International will post $4.10 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 24th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date is Tuesday, August 22nd. Marriott International’s dividend payout ratio is currently 45.52%.
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MAR has been the topic of several research analyst reports. Zacks Investment Research raised shares of Marriott International from a “sell” rating to a “hold” rating in a research report on Wednesday. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $111.00 price target on shares of Marriott International in a research report on Friday, May 12th. Barclays PLC reaffirmed a “hold” rating and set a $105.00 price target on shares of Marriott International in a research report on Friday, May 12th. BidaskClub raised shares of Marriott International from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $109.00 price target (up previously from $92.00) on shares of Marriott International in a research report on Monday, June 12th. 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’s stock. The company presently has a consensus rating of “Buy” and an average price target of $98.56.
In other news, insider Stephen Blake Marriott sold 3,733 shares of the firm’s stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $107.44, for a total transaction of $401,073.52. Following the completion of the sale, the insider now owns 145,601 shares in the company, valued at approximately $15,643,371.44. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Anthony Capuano sold 5,000 shares of the firm’s stock in a transaction dated Friday, June 30th. The stock was sold at an average price of $100.72, for a total transaction of $503,600.00. Following the sale, the executive vice president now owns 56,405 shares of the company’s stock, valued at approximately $5,681,111.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,216 shares of company stock valued at $4,270,892. Corporate insiders own 17.07% of the company’s stock.
About Marriott International
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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