Todays Report: Today, Marriott International Inc. (MAR) Position Increased by Lucus Advisors LLC

Today, Marriott International Inc. (MAR) Position Increased by Lucus Advisors LLC

Lucus Advisors LLC boosted its stake in shares of Marriott International Inc. (NASDAQ:MAR) by 10.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,838 shares of the company’s stock after buying an additional 555 shares during the period. Lucus Advisors LLC’s holdings in Marriott International were worth $393,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Heritage Investors Management Corp increased its stake in Marriott International by 0.7% in the second quarter. Heritage Investors Management Corp now owns 344,052 shares of the company’s stock valued at $22,866,000 after buying an additional 2,407 shares during the last quarter. Windward Capital Management Co. CA increased its stake in Marriott International by 0.8% in the second quarter. Windward Capital Management Co. CA now owns 143,563 shares of the company’s stock valued at $9,541,000 after buying an additional 1,154 shares during the last quarter. Gradient Investments LLC increased its stake in Marriott International by 0.4% in the second quarter. Gradient Investments LLC now owns 1,958 shares of the company’s stock valued at $130,000 after buying an additional 8 shares during the last quarter. Corbyn Investment Management Inc. MD bought a new stake in Marriott International during the second quarter valued at approximately $1,329,000. Finally, Capstone Asset Management Co. increased its stake in Marriott International by 2.1% in the second quarter. Capstone Asset Management Co. now owns 17,185 shares of the company’s stock valued at $1,142,000 after buying an additional 355 shares during the last quarter. Institutional investors own 63.96% of the company’s stock.

Marriott International Inc. (NASDAQ:MAR) traded down 0.23% during trading on Monday, reaching $78.34. 1,399,625 shares of the company’s stock traded hands. The firm has a market capitalization of $30.59 billion, a PE ratio of 27.89 and a beta of 1.23. The firm has a 50 day moving average of $70.97 and a 200 day moving average of $69.47. Marriott International Inc. has a 1-year low of $56.43 and a 1-year high of $78.90.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Monday, November 7th. The company reported $0.91 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.03. Marriott International had a net margin of 4.82% and a negative return on equity of 76.10%. The firm earned $3.94 billion during the quarter, compared to analysts’ expectations of $4.41 billion. During the same quarter last year, the business earned $0.78 earnings per share. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. Equities analysts forecast that Marriott International Inc. will post $3.62 EPS for the current year.

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

Several equities research analysts have recently commented on MAR shares. Zacks Investment Research downgraded shares of Marriott International from a “hold” rating to a “sell” rating in a research note on Wednesday, October 26th. Telsey Advisory Group decreased their target price on shares of Marriott International from $74.00 to $70.00 and set a “market perform” rating for the company in a research report on Friday, September 23rd. Vetr downgraded shares of Marriott International from a “buy” rating to a “hold” rating and set a $74.52 target price for the company. in a research report on Monday, August 1st. Morgan Stanley upgraded shares of Marriott International from an “equal weight” rating to an “overweight” rating and set a $78.00 target price for the company in a research report on Monday, September 26th. Finally, Deutsche Bank AG restated a “hold” rating and set a $73.00 target price on shares of Marriott International in a research report on Friday, November 18th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have issued a buy rating to the company. Marriott International currently has a consensus rating of “Hold” and a consensus price target of $76.33.

In related news, major shareholder Richard E. Marriott sold 71,287 shares of the firm’s 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 sale, the insider now owns 12,223,365 shares in the company, valued at $857,346,821.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David A. Rodriguez sold 1,582 shares of the firm’s stock in a transaction dated 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 sale, the insider now owns 49,392 shares of the company’s stock, valued at approximately $3,829,361.76. The disclosure for this sale can be found here. 17.07% of the stock is currently owned by corporate insiders.

Marriott International Company Profile

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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