Trading Report: Today: TIAA CREF Trust Co. FSB MO invests in 665 by buying Marriott International Inc. (MAR) shares

Today: TIAA CREF Trust Co. FSB MO invests in 665 by buying Marriott International Inc. (MAR) shares

TIAA CREF Trust Co. FSB MO increased its stake in shares of Marriott International Inc. (NASDAQ:MAR) by 5.9% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 11,883 shares of the company’s stock after buying an additional 665 shares during the period. TIAA CREF Trust Co. FSB MO’s holdings in Marriott International were worth $801,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the stock. North Star Investment Management Corp. boosted its position in shares of Marriott International by 29.6% in the second quarter. North Star Investment Management Corp. now owns 1,533 shares of the company’s stock valued at $102,000 after buying an additional 350 shares during the period. Quadrant Capital Group LLC boosted its position in shares of Marriott International by 84.4% in the third quarter. Quadrant Capital Group LLC now owns 1,835 shares of the company’s stock valued at $118,000 after buying an additional 840 shares during the period. Smithfield Trust Co. boosted its position in shares of Marriott International by 54.3% in the second quarter. Smithfield Trust Co. now owns 1,875 shares of the company’s stock valued at $125,000 after buying an additional 660 shares during the period. Synovus Financial Corp boosted its position in shares of Marriott International by 11.9% in the third quarter. Synovus Financial Corp now owns 1,880 shares of the company’s stock valued at $126,000 after buying an additional 200 shares during the period. Finally, Gradient Investments LLC boosted its position 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 valued at $130,000 after buying an additional 8 shares during the period. Hedge funds and other institutional investors own 63.96% of the company’s stock.

Shares of Marriott International Inc. (NASDAQ:MAR) traded down 0.31% on Monday, reaching $78.28. The company’s stock had a trading volume of 1,222,609 shares. The stock has a 50-day moving average of $70.97 and a 200 day moving average of $69.47. The stock has a market capitalization of $30.57 billion, a PE ratio of 27.87 and a beta of 1.23. Marriott International Inc. has a 1-year low of $56.43 and a 1-year high of $78.90.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Monday, November 7th. The company reported $0.91 EPS for the quarter, beating the Zacks’ 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 business had revenue of $3.94 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. On average, 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 dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, November 21st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.53%. Marriott International’s dividend payout ratio is presently 42.25%.

Several equities analysts recently issued reports on MAR shares. Goldman Sachs Group Inc. started coverage on Marriott International in a research report on Monday, September 26th. They issued a “buy” rating and a $81.00 price target on the stock. Vetr cut Marriott International from a “strong-buy” rating to a “buy” rating and set a $78.19 price target on the stock. in a research report on Monday, November 7th. Zacks Investment Research upgraded Marriott International from a “sell” rating to a “hold” rating in a research report on Thursday, October 20th. Stifel Nicolaus boosted their price target on Marriott International from $65.00 to $66.00 and gave the company a “hold” rating in a research report on Monday, September 26th. Finally, Barclays PLC set a $80.00 price target on Marriott International and gave the company a “hold” rating in a research report on Friday, September 23rd. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have issued a buy rating to the company. Marriott International has an average rating of “Hold” and a consensus price target of $76.33.

In related news, insider David A. Rodriguez sold 1,582 shares of the firm’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 sale, the insider now directly owns 49,392 shares in the company, valued at $3,829,361.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Richard E. Marriott sold 71,287 shares of the firm’s stock in a transaction that occurred on Thursday, September 22nd. The stock was sold at an average price of $70.14, for a total transaction of $5,000,070.18. Following the sale, the insider now 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. Corporate insiders own 17.07% of the company’s stock.

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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