Swiss National Bank trimmed its stake in shares of Marriott International, Inc. (NASDAQ:MAR – Free Report) by 5.7% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 747,538 shares of the company’s stock after selling 45,100 shares during the quarter. Swiss National Bank owned about 0.26% of Marriott International worth $188,611,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Caprock Group LLC raised its holdings in shares of Marriott International by 255.1% during the 4th quarter. Caprock Group LLC now owns 11,781 shares of the company’s stock worth $2,657,000 after buying an additional 8,463 shares in the last quarter. Parnassus Investments LLC increased its holdings in Marriott International by 0.3% in the 4th quarter. Parnassus Investments LLC now owns 2,457,382 shares of the company’s stock worth $554,164,000 after purchasing an additional 7,135 shares in the last quarter. Redwood Investment Management LLC increased its holdings in Marriott International by 208.3% in the 4th quarter. Redwood Investment Management LLC now owns 26,927 shares of the company’s stock worth $6,072,000 after purchasing an additional 18,192 shares in the last quarter. Stifel Financial Corp increased its holdings in Marriott International by 3.5% in the 4th quarter. Stifel Financial Corp now owns 124,569 shares of the company’s stock worth $28,092,000 after purchasing an additional 4,247 shares in the last quarter. Finally, Cerity Partners LLC increased its holdings in Marriott International by 86.8% in the 4th quarter. Cerity Partners LLC now owns 44,957 shares of the company’s stock worth $10,138,000 after purchasing an additional 20,890 shares in the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on MAR shares. Argus upped their target price on Marriott International from $270.00 to $280.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. Susquehanna started coverage on Marriott International in a research note on Friday, June 21st. They issued a “neutral” rating and a $255.00 price target for the company. Wells Fargo & Company decreased their price target on Marriott International from $250.00 to $248.00 and set an “equal weight” rating for the company in a research note on Thursday, May 2nd. Robert W. Baird increased their price target on Marriott International from $248.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Finally, BMO Capital Markets increased their price target on Marriott International from $235.00 to $240.00 and gave the company a “market perform” rating in a research note on Thursday, May 2nd. Twelve analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $242.19.
Marriott International Stock Up 1.3 %
NASDAQ:MAR traded up $3.01 on Friday, hitting $242.79. The stock had a trading volume of 1,699,285 shares, compared to its average volume of 1,533,650. The business’s fifty day moving average is $237.78 and its 200 day moving average is $240.53. The company has a market cap of $69.35 billion, a PE ratio of 25.06, a P/E/G ratio of 4.57 and a beta of 1.60. Marriott International, Inc. has a 52 week low of $180.75 and a 52 week high of $260.57.
Marriott International (NASDAQ:MAR – Get Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.04). The firm had revenue of $5.98 billion during the quarter, compared to the consensus estimate of $5.95 billion. Marriott International had a negative return on equity of 376.88% and a net margin of 12.00%. The firm’s revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.09 EPS. Equities analysts predict that Marriott International, Inc. will post 9.55 earnings per share for the current fiscal year.
Marriott International Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, May 24th were paid a $0.63 dividend. The ex-dividend date of this dividend was Thursday, May 23rd. This is an increase from Marriott International’s previous quarterly dividend of $0.52. This represents a $2.52 annualized dividend and a dividend yield of 1.04%. Marriott International’s dividend payout ratio is 26.01%.
Marriott International Profile
Marriott International, Inc engages in operating, franchising, and licensing hotel, residential, timeshare, and other lodging properties worldwide. It operates its properties under the JW Marriott, The Ritz-Carlton, The Luxury Collection, W Hotels, St. Regis, EDITION, Bvlgari, Marriott Hotels, Sheraton, Westin, Autograph Collection, Renaissance Hotels, Le Méridien, Delta Hotels by Marriott, Tribute Portfolio, Gaylord Hotels, Design Hotels, Marriott Executive Apartments, Apartments by Marriott Bonvoy, Courtyard by Marriott, Fairfield by Marriott, Residence Inn by Marriott, SpringHill Suites by Marriott, Four Points by Sheraton, TownePlace Suites by Marriott, Aloft Hotels, AC Hotels by Marriott, Moxy Hotels, Element Hotels, Protea Hotels by Marriott, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.