RKL Wealth Management LLC Has $566,000 Stock Position in Marriott International Inc (NASDAQ:MAR)

RKL Wealth Management LLC lowered its holdings in Marriott International Inc (NASDAQ:MAR) by 12.4% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 4,025 shares of the company’s stock after selling 572 shares during the period. RKL Wealth Management LLC’s holdings in Marriott International were worth $566,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Zeke Capital Advisors LLC grew its holdings in Marriott International by 1.4% in the 1st quarter. Zeke Capital Advisors LLC now owns 5,291 shares of the company’s stock valued at $662,000 after buying an additional 75 shares during the last quarter. Ballentine Partners LLC grew its holdings in Marriott International by 4.3% in the 1st quarter. Ballentine Partners LLC now owns 1,938 shares of the company’s stock valued at $243,000 after buying an additional 80 shares during the last quarter. Alpha Cubed Investments LLC grew its holdings in Marriott International by 4.0% in the 2nd quarter. Alpha Cubed Investments LLC now owns 2,123 shares of the company’s stock valued at $298,000 after buying an additional 82 shares during the last quarter. Citizens Financial Group Inc RI grew its holdings in Marriott International by 2.1% in the 1st quarter. Citizens Financial Group Inc RI now owns 4,179 shares of the company’s stock valued at $523,000 after buying an additional 85 shares during the last quarter. Finally, Patten Group Inc. grew its holdings in Marriott International by 0.8% in the 2nd quarter. Patten Group Inc. now owns 10,586 shares of the company’s stock valued at $1,485,000 after buying an additional 88 shares during the last quarter. 62.66% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:MAR traded up $2.12 during trading on Friday, hitting $128.82. 1,269,600 shares of the stock were exchanged, compared to its average volume of 1,882,521. Marriott International Inc has a 1-year low of $100.62 and a 1-year high of $144.24. The company has a market capitalization of $41.73 billion, a price-to-earnings ratio of 20.74, a price-to-earnings-growth ratio of 2.84 and a beta of 1.27. The company’s fifty day simple moving average is $137.77 and its 200-day simple moving average is $130.62. The company has a debt-to-equity ratio of 8.93, a quick ratio of 0.51 and a current ratio of 0.51.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Monday, August 5th. The company reported $1.56 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.56. The company had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.50 billion. Marriott International had a return on equity of 113.75% and a net margin of 6.81%. Marriott International’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.73 EPS. On average, research analysts forecast that Marriott International Inc will post 6.03 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Thursday, August 22nd will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.49%. The ex-dividend date is Wednesday, August 21st. Marriott International’s dividend payout ratio is 30.92%.

Several brokerages have recently weighed in on MAR. JPMorgan Chase & Co. lowered Marriott International from an “overweight” rating to a “neutral” rating and set a $138.00 price objective on the stock. in a report on Tuesday, July 9th. They noted that the move was a valuation call. Longbow Research lowered Marriott International from a “buy” rating to a “neutral” rating in a report on Monday, July 15th. Morgan Stanley lifted their price objective on Marriott International from $123.00 to $125.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 7th. Wells Fargo & Co lifted their price objective on Marriott International from $123.00 to $141.00 and gave the stock a “market perform” rating in a report on Wednesday, April 24th. Finally, BidaskClub lowered Marriott International from a “strong-buy” rating to a “buy” rating in a report on Friday, July 26th. Eleven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $136.93.

In related news, insider Argiris Kyriakidis sold 6,642 shares of the business’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $136.92, for a total value of $909,422.64. Following the sale, the insider now owns 19,025 shares of the company’s stock, valued at approximately $2,604,903. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director George Munoz sold 3,428 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $125.20, for a total value of $429,185.60. Following the completion of the sale, the director now directly owns 11,620 shares in the company, valued at approximately $1,454,824. The disclosure for this sale can be found here. In the last ninety days, insiders sold 63,170 shares of company stock worth $8,520,253. 12.60% of the stock is owned by insiders.

About Marriott International

Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through North American Full-Service, North American Limited-Service, and Asia Pacific segments. It operates its properties under the JW Marriott, The Ritz-Carlton, Ritz-Carlton Reserve, W Hotels, The Luxury Collection, St.

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Institutional Ownership by Quarter for Marriott International (NASDAQ:MAR)

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