Delta Lloyd NV increased its stake in shares of Marriott International Inc. (NASDAQ:MAR) by 77.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,509 shares of the company’s stock after buying an additional 13,322 shares during the period. Delta Lloyd NV’s holdings in Marriott International were worth $2,054,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in MAR. Heritage Investors Management Corp raised its stake in shares of Marriott International by 0.7% in the second quarter. Heritage Investors Management Corp now owns 344,052 shares of the company’s stock worth $22,866,000 after buying an additional 2,407 shares during the last quarter. Windward Capital Management Co. CA raised its stake 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 last quarter. Gradient Investments LLC raised its stake in shares of 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 last quarter. Corbyn Investment Management Inc. MD acquired a new stake in shares of Marriott International during the second quarter worth $1,329,000. Finally, Capstone Asset Management Co. raised its stake in shares of Marriott International by 2.1% in the second quarter. Capstone Asset Management Co. now owns 17,185 shares of the company’s stock worth $1,142,000 after buying an additional 355 shares during the last quarter. Institutional investors and hedge funds own 63.96% of the company’s stock.
Marriott International Inc. (NASDAQ:MAR) traded down 0.22% during trading on Monday, reaching $78.35. 1,254,018 shares of the company’s stock traded hands. Marriott International Inc. has a one year low of $56.43 and a one year high of $78.90. The company has a 50 day moving average of $70.97 and a 200 day moving average of $69.47. The firm has a market cap of $30.59 billion, a price-to-earnings ratio of 27.89 and a beta of 1.23.
Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Monday, November 7th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.88 by $0.03. The firm had revenue of $3.94 billion for the quarter, compared to analyst estimates of $4.41 billion. Marriott International had a negative return on equity of 76.10% and a net margin of 4.82%. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.78 earnings per share. Equities research analysts predict that Marriott International Inc. will post $3.62 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Thursday, November 24th will be paid a dividend of $0.30 per share. The ex-dividend date is Monday, November 21st. This represents a $1.20 annualized dividend and a dividend yield of 1.53%. Marriott International’s dividend payout ratio is currently 42.25%.
MAR has been the subject of a number of recent research reports. Vetr lowered shares of Marriott International from a “buy” rating to a “hold” rating and set a $79.18 price objective for the company. in a report on Tuesday, November 15th. Telsey Advisory Group lowered their price objective on shares of Marriott International from $74.00 to $70.00 and set a “market perform” rating for the company in a report on Friday, September 23rd. Barclays PLC set a $80.00 price objective on shares of Marriott International and gave the stock a “hold” rating in a report on Friday, September 23rd. Zacks Investment Research downgraded shares of Marriott International from a “hold” rating to a “sell” rating in a research note on Wednesday, October 26th. Finally, Sanford C. Bernstein started coverage on shares of Marriott International in a research note on Thursday, September 8th. They issued an “outperform” rating and a $87.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $76.33.
In other Marriott International news, insider J W. Marriott, Jr. sold 28,515 shares of Marriott International stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $70.14, for a total value of $2,000,042.10. Following the transaction, the insider now owns 240,024 shares in the company, valued at $16,835,283.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Richard E. Marriott sold 71,287 shares of Marriott International stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $70.14, for a total value of $5,000,070.18. Following the completion of the transaction, the insider now owns 12,223,365 shares in the company, valued at approximately $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.