Eaton Vance Management lifted its holdings in shares of Marriott International (NASDAQ:MAR) by 13.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,371,202 shares of the company’s stock after acquiring an additional 275,477 shares during the quarter. Eaton Vance Management owned approximately 0.63% of Marriott International worth $237,855,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Regal Wealth Group Inc. raised its holdings in shares of Marriott International by 0.3% during the second quarter. Regal Wealth Group Inc. now owns 1,637 shares of the company’s stock valued at $164,000 after acquiring an additional 5 shares in the last quarter. Gradient Investments LLC raised its holdings in shares of Marriott International by 0.3% during the second quarter. Gradient Investments LLC now owns 2,011 shares of the company’s stock valued at $202,000 after acquiring an additional 6 shares in the last quarter. Family Firm Inc. raised its holdings in shares of Marriott International by 0.3% during the second quarter. Family Firm Inc. now owns 2,931 shares of the company’s stock valued at $294,000 after acquiring an additional 8 shares in the last quarter. Alexandria Capital LLC raised its holdings in shares of Marriott International by 0.7% during the second quarter. Alexandria Capital LLC now owns 1,644 shares of the company’s stock valued at $165,000 after acquiring an additional 12 shares in the last quarter. Finally, First Bank & Trust raised its holdings in shares of Marriott International by 1.2% during the second quarter. First Bank & Trust now owns 1,701 shares of the company’s stock valued at $171,000 after acquiring an additional 20 shares in the last quarter. Institutional investors own 65.93% of the company’s stock.

In other Marriott International news, EVP Anthony Capuano sold 5,000 shares of the business’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 in the company, valued at approximately $5,681,111.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mary K. Bush sold 1,200 shares of the business’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 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. In the last quarter, insiders have sold 71,129 shares of company stock worth $7,174,503. Company insiders own 11.32% of the company’s stock.

Marriott International (NASDAQ:MAR) traded up 0.13% during midday trading on Thursday, hitting $101.93. The company had a trading volume of 253,815 shares. Marriott International has a 52 week low of $65.91 and a 52 week high of $110.51. The stock has a 50 day moving average price of $102.01 and a 200-day moving average price of $98.32. The stock has a market capitalization of $37.96 billion, a PE ratio of 33.45 and a beta of 1.36.

Marriott International (NASDAQ:MAR) last posted its quarterly 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 business 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 quarterly revenue was up 48.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.03 EPS. On average, equities analysts predict that Marriott International will post $4.13 EPS for the current 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 dividend of $0.33 per share. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $1.32 annualized dividend and a yield of 1.30%. Marriott International’s payout ratio is presently 45.52%.

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MAR has been the subject of a number of recent analyst reports. BidaskClub upgraded Marriott International from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Zacks Investment Research upgraded Marriott International from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a report on Wednesday, May 31st. Instinet increased their price objective on Marriott International from $100.00 to $121.00 and gave the stock a “buy” rating in a report on Wednesday, May 10th. Berenberg Bank reiterated a “buy” rating and issued a $125.00 price objective on shares of Marriott International in a report on Friday, August 18th. Finally, Barclays PLC reiterated a “hold” rating and issued a $105.00 price objective on shares of Marriott International in a report on Friday, May 12th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company’s stock. Marriott International presently has an average rating of “Buy” and a consensus target price of $100.08.

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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Institutional Ownership by Quarter for Marriott International (NASDAQ:MAR)

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