The Huntington National Bank Boosts Stake in Marriott International Inc. (MAR)

The Huntington National Bank Boosts Stake in Marriott International Inc. (MAR)

Huntington National Bank boosted its stake in Marriott International Inc. (NASDAQ:MAR) by 489.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 218,342 shares of the company’s stock after buying an additional 181,331 shares during the period. Huntington National Bank’s holdings in Marriott International were worth $14,511,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. Legal & General Group Plc increased its position in shares of Marriott International by 0.7% in the first quarter. Legal & General Group Plc now owns 860,879 shares of the company’s stock worth $61,278,000 after buying an additional 5,724 shares during the period. Geode Capital Management LLC increased its position in shares of Marriott International by 0.7% in the first quarter. Geode Capital Management LLC now owns 1,619,707 shares of the company’s stock worth $115,066,000 after buying an additional 10,997 shares during the period. Windward Capital Management Co. CA increased its position in shares of Marriott International by 0.8% in the second quarter. Windward Capital Management Co. CA now owns 143,563 shares of the company’s stock worth $9,541,000 after buying an additional 1,154 shares during the period. National Pension Service increased its position in shares of Marriott International by 4.4% in the first quarter. National Pension Service now owns 131,231 shares of the company’s stock worth $9,341,000 after buying an additional 5,576 shares during the period. Finally, AMP Capital Investors Ltd increased its position in shares of Marriott International by 4.0% in the first quarter. AMP Capital Investors Ltd now owns 121,487 shares of the company’s stock worth $8,694,000 after buying an additional 4,632 shares during the period. Hedge funds and other institutional investors own 73.74% of the company’s stock.

Shares of Marriott International Inc. (NASDAQ:MAR) traded up 0.458% during trading on Wednesday, reaching $66.915. The company’s stock had a trading volume of 1,642,897 shares. The company has a 50-day moving average price of $69.28 and a 200-day moving average price of $68.78. Marriott International Inc. has a one year low of $56.43 and a one year high of $79.88. The stock has a market cap of $17.02 billion, a price-to-earnings ratio of 19.939 and a beta of 1.28.

Marriott International (NASDAQ:MAR) last released its earnings results on Wednesday, July 27th. The company reported $1.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.05. The firm had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $3.91 billion. Marriott International had a negative return on equity of 25.25% and a net margin of 5.87%. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.82 EPS. On average, equities research analysts forecast that Marriott International Inc. will post $3.63 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 23rd were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend was Wednesday, September 21st. Marriott International’s dividend payout ratio is currently 35.71%.

Several equities research analysts have recently weighed in on the company. Wolfe Research assumed coverage on Marriott International in a research report on Wednesday, July 6th. They set a “market perform” rating on the stock. Morgan Stanley upgraded shares of Marriott International from an “equal weight” rating to an “overweight” rating and set a $78.00 price objective on the stock in a research report on Monday, September 26th. Vetr cut shares of Marriott International from a “buy” rating to a “hold” rating and set a $75.57 price objective on the stock. in a research report on Monday, August 8th. Credit Agricole SA upgraded shares of Marriott International from an “underperform” rating to an “outperform” rating in a research report on Monday, August 15th. Finally, Zacks Investment Research cut shares of Marriott International from a “hold” rating to a “sell” rating in a research report on Wednesday, June 29th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Marriott International has an average rating of “Buy” and a consensus target price of $78.09.

In other Marriott International news, EVP Anthony Capuano sold 22,538 shares of the company’s stock in a transaction on Friday, August 19th. The stock was sold at an average price of $73.60, for a total value of $1,658,796.80. Following the transaction, the executive vice president now owns 76,184 shares of the company’s stock, valued at approximately $5,607,142.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Craig S. Smith sold 1,373 shares of the company’s stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $73.30, for a total value of $100,640.90. Following the completion of the transaction, the insider now directly owns 15,704 shares in the company, valued at approximately $1,151,103.20. The disclosure for this sale can be found here. Insiders own 17.07% of the company’s stock.

About Marriott International

Marriott International, Inc is a lodging company. The Company is an operator, franchisor and licensor of hotels and timeshare properties in approximately 90 countries and territories under over 20 brand names. It operates through three segments: North American Full-Service, which includes brands, such as The Ritz-Carlton, EDITION, JW Marriott, Autograph Collection Hotels, Marriott Hotels, Delta Hotels and Resorts, and Renaissance Hotels located in the United States and Canada; North American Limited-Service, which includes brands, such as AC Hotels by Marriott, Courtyard, Residence Inn, SpringHill Suites, TownePlace Suites properties and Fairfield Inn & Suites located in the United States and Canada, and International, which includes brands, such as Bulgari Hotels & Resorts, Protea Hotels and Moxy Hotels located outside the United States and Canada.

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