3 days Ago By ABMN Staff
Bokf Na increased its stake in shares of Marriott International, Inc. ( NASDAQ:MAR – Free Report ) by 32.0% in the 2nd quarter, HoldingsChannel reports.
The firm owned 4,158 shares of the company’s stock after purchasing an additional 1,007 shares during the period. Bokf Na’s holdings in Marriott International were worth $1,005,000 as of its most recent SEC filing. Other institutional investors and hedge funds have also recently bought and sold shares of the company.
Johnson Investment Counsel Inc. lifted its holdings in Marriott International by 2.3% during the 2nd quarter.
Johnson Investment Counsel Inc. now owns 2,488 shares of the company’s stock worth $601,000 after buying an additional 55 shares during the last quarter. Fortune Financial Advisors LLC lifted its holdings in Marriott International by 4.
0% during the 2nd quarter. Fortune Financial Advisors LLC now owns 3,164 shares of the company’s stock worth $765,000 after buying an additional 122 shares during the last quarter. Ground Swell Capital LLC purchased a new stake in Marriott International during the 2nd quarter worth about $965,000.
LPL Financial LLC lifted its holdings in shares of Marriott International by 7.5% in the 2nd quarter. LPL Financial LLC now owns 172,257 shares of the company’s stock valued at $41,646,000 after purchasing an additional 12,051 shares during the last quarter.
Finally, Headlands Technologies LLC purchased a new stake in shares of Marriott International in the 2nd quarter valued at about $736,000. 70.70% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades Several analysts have recently weighed in on the company. Susquehanna assumed coverage on Marriott International in a report on Friday, June 21st. They issued a “neutral” rating and a $255.
00 target price for the company. Barclays boosted their target price on Marriott International from $240.00 to $251.
00 and gave the company an “equal weight” rating in a report on Wednesday, July 17th. JPMorgan Chase & Co. boosted their target price on Marriott International from $235.
00 to $255.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Deutsche Bank Aktiengesellschaft reduced their price objective on Marriott International from $222.
00 to $216.00 and set a “hold” rating for the company in a research note on Thursday, August 1st. Finally, Robert W.
Baird reduced their price objective on Marriott International from $252.00 to $245.00 and set a “neutral” rating for the company in a research note on Thursday, August 1st.
Thirteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $246.18.
Marriott International Price Performance MAR opened at $231.74 on Monday. Marriott International, Inc.
has a 1-year low of $180.75 and a 1-year high of $260.57.
The stock’s 50 day simple moving average is $229.93 and its 200 day simple moving average is $238.07.
The stock has a market cap of $66.19 billion, a P/E ratio of 23.92, a P/E/G ratio of 5.
34 and a beta of 1.59. Marriott International ( NASDAQ:MAR – Get Free Report ) last posted its earnings results on Wednesday, July 31st.
The company reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.49 by $0.
01. Marriott International had a negative return on equity of 239.60% and a net margin of 12.
01%. The firm had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6.
47 billion. During the same quarter in the prior year, the company earned $2.26 EPS.
Marriott International’s revenue was up 6.0% on a year-over-year basis. Research analysts expect that Marriott International, Inc.
will post 9.37 EPS for the current fiscal year. Marriott International Dividend Announcement The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th.
Investors of record on Friday, August 16th will be paid a $0.63 dividend. This represents a $2.
52 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date is Friday, August 16th.
Marriott International’s payout ratio is currently 26.01%. About Marriott International ( Free Report ) 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, City Express by Marriott, and St. Recommended Stories Want to see what other hedge funds are holding MAR? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Marriott International, Inc. ( NASDAQ:MAR – Free Report ). Receive News & Ratings for Marriott International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marriott International and related companies with MarketBeat.
com's FREE daily email newsletter ..
