SeaTown Holdings Pte. Ltd. purchased a new stake in Marriott International Inc (NASDAQ:MAR) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 37,000 shares of the company’s stock, valued at approximately $5,191,000.

Other large investors also recently made changes to their positions in the company. Geode Capital Management LLC grew its holdings in shares of Marriott International by 13.4% during the fourth quarter. Geode Capital Management LLC now owns 3,794,287 shares of the company’s stock worth $411,201,000 after buying an additional 448,325 shares in the last quarter. Northern Trust Corp grew its position in shares of Marriott International by 1.0% during the 1st quarter. Northern Trust Corp now owns 3,002,951 shares of the company’s stock valued at $375,638,000 after acquiring an additional 29,237 shares during the period. Markel Corp grew its position in shares of Marriott International by 0.4% during the 1st quarter. Markel Corp now owns 1,538,269 shares of the company’s stock valued at $192,422,000 after acquiring an additional 6,000 shares during the period. AKO Capital LLP grew its position in shares of Marriott International by 42.3% during the 1st quarter. AKO Capital LLP now owns 1,213,779 shares of the company’s stock valued at $151,832,000 after acquiring an additional 360,836 shares during the period. Finally, Janus Henderson Group PLC grew its position in shares of Marriott International by 2.6% during the 2nd quarter. Janus Henderson Group PLC now owns 1,030,837 shares of the company’s stock valued at $144,617,000 after acquiring an additional 26,424 shares during the period. Hedge funds and other institutional investors own 62.66% of the company’s stock.

Shares of MAR traded up $2.22 during trading hours on Tuesday, reaching $132.23. 100,038 shares of the stock traded hands, compared to its average volume of 1,759,070. The company has a debt-to-equity ratio of 8.93, a quick ratio of 0.51 and a current ratio of 0.51. Marriott International Inc has a 52-week low of $100.62 and a 52-week high of $144.24. The company’s 50-day simple moving average is $138.33. The company has a market capitalization of $43.09 billion, a P/E ratio of 21.30, a P/E/G ratio of 2.97 and a beta of 1.27.

Marriott International (NASDAQ:MAR) last released its earnings results on Monday, August 5th. The company reported $1.56 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.56. The company had revenue of $5.31 billion for the quarter, compared to analysts’ expectations of $5.50 billion. Marriott International had a net margin of 6.81% and a return on equity of 113.75%. Marriott International’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.73 EPS. Equities research analysts expect that Marriott International Inc will post 6.03 earnings per share for the current fiscal year.

The business also recently declared 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. This represents a $1.92 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend is Wednesday, August 21st. Marriott International’s payout ratio is currently 30.92%.

A number of research analysts recently weighed in on the stock. Morgan Stanley lifted their target price on shares of Marriott International from $123.00 to $125.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 7th. Deutsche Bank restated a “hold” rating and set a $123.00 target price on shares of Marriott International in a research note on Wednesday, August 7th. JPMorgan Chase & Co. cut shares of Marriott International from an “overweight” rating to a “neutral” rating and set a $138.00 target price on the stock. in a research note on Tuesday, July 9th. They noted that the move was a valuation call. Citigroup lifted their target price on shares of Marriott International from $117.00 to $135.00 and gave the company a “neutral” rating in a research note on Tuesday, May 21st. Finally, Wells Fargo & Co lifted their target price on shares of Marriott International from $123.00 to $141.00 and gave the company a “market perform” rating in a research note on Wednesday, April 24th. Eleven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Marriott International presently has a consensus rating of “Hold” and an average target price of $136.93.

In other Marriott International news, Director George Munoz sold 3,428 shares of the company’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $125.20, for a total value of $429,185.60. Following the transaction, the director now directly owns 11,620 shares in the company, valued at approximately $1,454,824. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Argiris Kyriakidis sold 20,210 shares of the company’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $128.79, for a total transaction of $2,602,845.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 80,004 shares of company stock worth $10,676,926. 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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Institutional Ownership by Quarter for Marriott International (NASDAQ:MAR)

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