PGGM Investments Purchases 1,572 Shares of Marriott International, Inc. (NASDAQ:MAR)

PGGM Investments grew its position in Marriott International, Inc. (NASDAQ:MAR) by 8.4% during the second quarter, HoldingsChannel reports. The firm owned 20,348 shares of the company’s stock after buying an additional 1,572 shares during the quarter. PGGM Investments’ holdings in Marriott International were worth $4,920,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. ORG Partners LLC increased its position in Marriott International by 77.5% during the second quarter. ORG Partners LLC now owns 197 shares of the company’s stock worth $47,000 after acquiring an additional 86 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in Marriott International by 1.9% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 39,751 shares of the company’s stock worth $9,611,000 after acquiring an additional 753 shares during the period. Diversified Trust Co increased its position in Marriott International by 1.3% during the second quarter. Diversified Trust Co now owns 16,109 shares of the company’s stock worth $3,895,000 after acquiring an additional 212 shares during the period. Wedmont Private Capital increased its position in Marriott International by 12.4% during the second quarter. Wedmont Private Capital now owns 3,567 shares of the company’s stock worth $866,000 after acquiring an additional 393 shares during the period. Finally, Bangor Savings Bank increased its position in Marriott International by 131.1% during the second quarter. Bangor Savings Bank now owns 104 shares of the company’s stock worth $25,000 after acquiring an additional 59 shares during the period. Institutional investors own 70.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on MAR shares. Mizuho boosted their target price on shares of Marriott International from $260.00 to $265.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. BMO Capital Markets lifted their price target on shares of Marriott International from $235.00 to $240.00 and gave the stock a “market perform” rating in a research note on Thursday, May 2nd. JPMorgan Chase & Co. lifted their price target on shares of Marriott International from $235.00 to $255.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. Wells Fargo & Company decreased their price target on shares of Marriott International from $248.00 to $238.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 1st. Finally, Susquehanna initiated coverage on shares of Marriott International in a research note on Friday, June 21st. They set a “neutral” rating and a $255.00 price target on the stock. Fourteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Marriott International has a consensus rating of “Hold” and a consensus target price of $242.39.

Marriott International Trading Up 2.1 %

NASDAQ MAR traded up $4.61 on Thursday, hitting $221.71. 662,694 shares of the company were exchanged, compared to its average volume of 1,502,364. The firm has a 50 day moving average of $235.42 and a two-hundred day moving average of $240.73. The company has a market cap of $63.33 billion, a P/E ratio of 22.40, a P/E/G ratio of 4.24 and a beta of 1.60. Marriott International, Inc. has a 1-year low of $180.75 and a 1-year high of $260.57.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.49 by $0.01. The business had revenue of $6.44 billion for the quarter, compared to the consensus estimate of $6.47 billion. Marriott International had a net margin of 12.01% and a negative return on equity of 239.60%. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.26 EPS. Research analysts anticipate that Marriott International, Inc. will post 9.29 EPS for the current fiscal year.

Marriott International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 16th will be given a dividend of $0.63 per share. The ex-dividend date is Friday, August 16th. This represents a $2.52 annualized dividend and a yield of 1.14%. 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.