800 Shares in Marriott International, Inc. (NASDAQ:MAR) Bought by Blackhawk Capital Partners LLC.

Blackhawk Capital Partners LLC. bought a new position in shares of Marriott International, Inc. (NASDAQ:MAR) in the first quarter, HoldingsChannel.com reports. The institutional investor bought 800 shares of the company’s stock, valued at approximately $202,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of MAR. Roble Belko & Company Inc boosted its holdings in Marriott International by 845.5% during the first quarter. Roble Belko & Company Inc now owns 104 shares of the company’s stock worth $26,000 after purchasing an additional 93 shares during the last quarter. ORG Partners LLC boosted its stake in shares of Marriott International by 72.6% during the 4th quarter. ORG Partners LLC now owns 126 shares of the company’s stock worth $29,000 after buying an additional 53 shares during the last quarter. Benjamin Edwards Inc. acquired a new stake in shares of Marriott International in the first quarter valued at about $29,000. Keener Financial Planning LLC bought a new stake in Marriott International during the fourth quarter worth about $30,000. Finally, Anchor Investment Management LLC bought a new stake in Marriott International during the fourth quarter worth $31,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on MAR shares. Wells Fargo & Company dropped their target price on shares of Marriott International from $250.00 to $248.00 and set an “equal weight” rating on the stock in a report on Thursday, May 2nd. Susquehanna initiated coverage on Marriott International in a research report on Friday, June 21st. They issued a “neutral” rating and a $255.00 price objective for the company. Robert W. Baird lifted their target price on Marriott International from $248.00 to $250.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. Mizuho increased their target price on Marriott International from $260.00 to $265.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. Finally, BMO Capital Markets boosted 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 investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $242.19.

Marriott International Trading Up 0.3 %

NASDAQ:MAR traded up $0.81 on Friday, hitting $240.98. The company had a trading volume of 851,934 shares, compared to its average volume of 1,613,953. Marriott International, Inc. has a 52 week low of $178.24 and a 52 week high of $260.57. The stock has a market capitalization of $68.83 billion, a price-to-earnings ratio of 24.87, a PEG ratio of 4.52 and a beta of 1.60. The firm has a 50 day moving average of $237.35 and a two-hundred day moving average of $239.74.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). Marriott International had a net margin of 12.00% and a negative return on equity of 376.88%. The firm had revenue of $5.98 billion during the quarter, compared to the consensus estimate of $5.95 billion. During the same quarter in the previous year, the company posted $2.09 earnings per share. The firm’s revenue was up 6.4% on a year-over-year basis. As a group, equities analysts forecast that Marriott International, Inc. will post 9.55 EPS for the current year.

Marriott International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, May 24th were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend was Thursday, May 23rd. This is a positive change from Marriott International’s previous quarterly dividend of $0.52. Marriott International’s dividend payout ratio (DPR) is 26.01%.

About Marriott International

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.