Marriott International, Inc. (NASDAQ:MAR) Shares Purchased by SVB Wealth LLC

SVB Wealth LLC raised its holdings in Marriott International, Inc. (NASDAQ:MAR) by 2.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,891 shares of the company’s stock after purchasing an additional 52 shares during the period. SVB Wealth LLC’s holdings in Marriott International were worth $477,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Norges Bank purchased a new position in Marriott International in the 4th quarter valued at about $461,525,000. Jennison Associates LLC boosted its position in Marriott International by 34.8% during the fourth quarter. Jennison Associates LLC now owns 4,547,098 shares of the company’s stock worth $1,025,416,000 after acquiring an additional 1,173,028 shares during the last quarter. Capital International Investors grew its stake in Marriott International by 42.2% in the 4th quarter. Capital International Investors now owns 3,147,501 shares of the company’s stock worth $709,793,000 after acquiring an additional 934,304 shares during the period. Global Assets Advisory LLC purchased a new position in shares of Marriott International during the 1st quarter worth $153,697,000. Finally, Public Employees Retirement Association of Colorado increased its position in Marriott International by 557.2% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 496,505 shares of the company’s stock worth $111,967,000 after purchasing an additional 420,962 shares during the last quarter. 70.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MAR has been the subject of a number of recent analyst reports. Susquehanna began coverage on shares of Marriott International in a report on Friday, June 21st. They set a “neutral” rating and a $255.00 price target for the company. Wells Fargo & Company decreased their price target on shares of Marriott International from $250.00 to $248.00 and set an “equal weight” rating for the company in a report on Thursday, May 2nd. BMO Capital Markets boosted their price objective on Marriott International from $235.00 to $240.00 and gave the stock a “market perform” rating in a research report on Thursday, May 2nd. Robert W. Baird lifted their price objective on shares of Marriott International from $248.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Finally, Barclays upped their price target on shares of Marriott International from $240.00 to $251.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 17th. Thirteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Marriott International has an average rating of “Hold” and a consensus price target of $243.59.

Marriott International Stock Performance

Shares of MAR stock traded up $2.36 during trading on Tuesday, hitting $240.81. 327,374 shares of the company were exchanged, compared to its average volume of 1,436,273. Marriott International, Inc. has a twelve month low of $180.75 and a twelve month high of $260.57. The firm has a market capitalization of $68.78 billion, a price-to-earnings ratio of 24.88, a P/E/G ratio of 4.45 and a beta of 1.60. The business’s 50-day simple moving average is $238.86 and its 200 day simple moving average is $242.05.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $2.13 earnings per share for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The company had revenue of $5.98 billion during the quarter, compared to analyst estimates of $5.95 billion. Marriott International had a negative return on equity of 376.88% and a net margin of 12.00%. The company’s revenue was up 6.4% compared to the same quarter last year. During the same period last year, the company posted $2.09 earnings per share. On average, equities analysts forecast that Marriott International, Inc. will post 9.56 earnings per share for the current fiscal year.

Marriott International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders 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 a boost from Marriott International’s previous quarterly dividend of $0.52. This represents a $2.52 dividend on an annualized basis and a yield of 1.05%. Marriott International’s 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.