Trade Report: Today, Mutual of America Capital Management LLC invests in Marriott International Inc. (MAR) Shares

Today, Mutual of America Capital Management LLC invests in Marriott International Inc. (MAR) Shares

Mutual of America Capital Management LLC boosted its position in shares of Marriott International Inc. (NASDAQ:MAR) by 67.6% during the third quarter, Holdings Channel reports. The firm owned 37,399 shares of the company’s stock after buying an additional 15,086 shares during the period. Mutual of America Capital Management LLC’s holdings in Marriott International were worth $2,518,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. North Star Investment Management Corp. boosted its position in Marriott International by 29.6% in the second quarter. North Star Investment Management Corp. now owns 1,533 shares of the company’s stock worth $102,000 after buying an additional 350 shares during the period. Quadrant Capital Group LLC boosted its position in Marriott International by 84.4% in the third quarter. Quadrant Capital Group LLC now owns 1,835 shares of the company’s stock worth $118,000 after buying an additional 840 shares during the period. Smithfield Trust Co. boosted its position in Marriott International by 54.3% in the second quarter. Smithfield Trust Co. now owns 1,875 shares of the company’s stock worth $125,000 after buying an additional 660 shares during the period. Synovus Financial Corp boosted its position in Marriott International by 11.9% in the third quarter. Synovus Financial Corp now owns 1,880 shares of the company’s stock worth $126,000 after buying an additional 200 shares during the period. Finally, Gradient Investments LLC boosted its position in Marriott International by 0.4% in the second quarter. Gradient Investments LLC now owns 1,958 shares of the company’s stock worth $130,000 after buying an additional 8 shares during the period. 80.98% of the stock is currently owned by institutional investors and hedge funds.

Marriott International Inc. (NASDAQ:MAR) opened at 78.52 on Friday. Marriott International Inc. has a one year low of $56.43 and a one year high of $78.90. The firm has a 50-day moving average of $70.97 and a 200 day moving average of $69.47. The company has a market capitalization of $30.66 billion, a P/E ratio of 27.95 and a beta of 1.23.

Marriott International (NASDAQ:MAR) last issued its earnings results on Monday, November 7th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.03. The firm had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $4.41 billion. Marriott International had a net margin of 4.82% and a negative return on equity of 76.10%. The business’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.78 earnings per share. On average, equities analysts forecast that Marriott International Inc. will post $3.62 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Thursday, November 24th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, November 21st. This represents a $1.20 annualized dividend and a dividend yield of 1.53%. Marriott International’s payout ratio is 42.25%.

MAR has been the topic of a number of research analyst reports. Vetr cut shares of Marriott International from a “buy” rating to a “hold” rating and set a $74.52 price objective on the stock. in a research report on Monday, August 1st. Zacks Investment Research raised shares of Marriott International from a “sell” rating to a “hold” rating in a research report on Monday, August 1st. raised shares of Marriott International from an “underperform” rating to an “outperform” rating in a research report on Monday, August 15th. Sanford C. Bernstein initiated coverage on shares of Marriott International in a research report on Thursday, September 8th. They set an “outperform” rating and a $87.00 price objective on the stock. Finally, Telsey Advisory Group cut their price objective on shares of Marriott International from $74.00 to $70.00 and set a “market perform” rating on the stock in a research report on Friday, September 23rd. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the stock. Marriott International has an average rating of “Hold” and a consensus price target of $76.33.

In other news, insider David A. Rodriguez sold 1,582 shares of the business’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $77.53, for a total transaction of $122,652.46. Following the completion of the transaction, the insider now directly owns 49,392 shares of the company’s stock, valued at $3,829,361.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Richard E. Marriott sold 71,287 shares of the business’s stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $70.14, for a total transaction of $5,000,070.18. Following the transaction, the insider now directly owns 12,223,365 shares of the company’s stock, valued at $857,346,821.10. 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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