Gradient Investments LLC Sells 105 Shares of Marriott International, Inc. (NASDAQ:MAR)

Gradient Investments LLC decreased its position in Marriott International, Inc. (NASDAQ:MARGet Rating) by 21.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 383 shares of the company’s stock after selling 105 shares during the quarter. Gradient Investments LLC’s holdings in Marriott International were worth $67,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Neuberger Berman Group LLC increased its stake in Marriott International by 4.6% in the 1st quarter. Neuberger Berman Group LLC now owns 1,942,483 shares of the company’s stock worth $341,421,000 after acquiring an additional 85,300 shares during the last quarter. Quilter Plc increased its position in shares of Marriott International by 9.3% during the 1st quarter. Quilter Plc now owns 151,932 shares of the company’s stock valued at $26,702,000 after purchasing an additional 12,967 shares during the last quarter. EP Wealth Advisors LLC increased its position in shares of Marriott International by 10.9% during the 1st quarter. EP Wealth Advisors LLC now owns 6,469 shares of the company’s stock valued at $1,137,000 after purchasing an additional 638 shares during the last quarter. Toroso Investments LLC increased its position in shares of Marriott International by 9.1% during the 1st quarter. Toroso Investments LLC now owns 19,813 shares of the company’s stock valued at $3,482,000 after purchasing an additional 1,653 shares during the last quarter. Finally, Orion Portfolio Solutions LLC increased its position in shares of Marriott International by 4.3% during the 1st quarter. Orion Portfolio Solutions LLC now owns 5,690 shares of the company’s stock valued at $1,000,000 after purchasing an additional 232 shares during the last quarter. Institutional investors own 70.95% of the company’s stock.

Marriott International Price Performance

Shares of MAR stock opened at $154.92 on Friday. Marriott International, Inc. has a twelve month low of $131.01 and a twelve month high of $195.90. The stock has a market capitalization of $50.28 billion, a price-to-earnings ratio of 29.29, a P/E/G ratio of 0.62 and a beta of 1.61. The stock has a fifty day simple moving average of $155.67 and a two-hundred day simple moving average of $161.30. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 4.64.

Marriott International (NASDAQ:MARGet Rating) last issued its earnings results on Tuesday, August 2nd. The company reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.25. Marriott International had a return on equity of 120.01% and a net margin of 9.72%. The business had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $4.96 billion. During the same period in the prior year, the business earned $0.79 EPS. The business’s revenue for the quarter was up 69.5% compared to the same quarter last year. On average, analysts predict that Marriott International, Inc. will post 6.52 EPS for the current fiscal year.

Marriott International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, August 18th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date is Wednesday, August 17th. Marriott International’s payout ratio is currently 22.68%.

Insider Transactions at Marriott International

In other news, Director Eric Hippeau sold 13,987 shares of Marriott International stock in a transaction that occurred on Thursday, September 8th. The shares were sold at an average price of $158.77, for a total value of $2,220,715.99. Following the transaction, the director now owns 14,461 shares of the company’s stock, valued at approximately $2,295,972.97. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 12.21% of the company’s stock.

Wall Street Analysts Forecast Growth

MAR has been the topic of several analyst reports. Stifel Nicolaus boosted their target price on Marriott International from $150.00 to $161.00 in a research report on Tuesday, August 2nd. TheStreet raised Marriott International from a “c+” rating to a “b-” rating in a research report on Tuesday, August 16th. Robert W. Baird boosted their target price on Marriott International to $183.00 in a research report on Tuesday, August 9th. Evercore ISI upped their price objective on Marriott International to $175.00 in a research report on Tuesday, August 9th. Finally, StockNews.com raised Marriott International from a “hold” rating to a “buy” rating in a research report on Friday, August 12th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Marriott International currently has a consensus rating of “Moderate Buy” and an average target price of $177.71.

Marriott International Company Profile

(Get Rating)

Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through U.S. and Canada, and International segments. It operates its properties under the JW Marriott, The Ritz-Carlton, Ritz-Carlton Reserve, W Hotels, The Luxury Collection, St.

Further Reading

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

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