Dakota Wealth Management Trims Stake in Marriott International, Inc. (NASDAQ:MAR)

Dakota Wealth Management cut its stake in Marriott International, Inc. (NASDAQ:MARGet Rating) by 19.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,679 shares of the company’s stock after selling 898 shares during the quarter. Dakota Wealth Management’s holdings in Marriott International were worth $646,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Norges Bank acquired a new position in shares of Marriott International in the 4th quarter valued at about $398,339,000. Massachusetts Financial Services Co. MA grew its position in shares of Marriott International by 16.6% in the first quarter. Massachusetts Financial Services Co. MA now owns 7,570,396 shares of the company’s stock valued at $1,330,497,000 after purchasing an additional 1,076,070 shares in the last quarter. Invesco Ltd. grew its position in shares of Marriott International by 32.7% in the fourth quarter. Invesco Ltd. now owns 2,633,569 shares of the company’s stock valued at $435,170,000 after purchasing an additional 648,663 shares in the last quarter. State Street Corp lifted its holdings in Marriott International by 5.3% in the fourth quarter. State Street Corp now owns 12,139,062 shares of the company’s stock valued at $2,005,859,000 after acquiring an additional 609,192 shares during the last quarter. Finally, Suvretta Capital Management LLC acquired a new position in Marriott International in the fourth quarter valued at approximately $81,569,000. Institutional investors and hedge funds own 70.95% of the company’s stock.

Marriott International Stock Performance

NASDAQ MAR opened at $159.40 on Friday. The firm has a market capitalization of $51.73 billion, a P/E ratio of 30.13, a price-to-earnings-growth ratio of 0.58 and a beta of 1.61. The firm’s fifty day moving average price is $153.32 and its two-hundred day moving average price is $161.61. Marriott International, Inc. has a 1 year low of $131.01 and a 1 year high of $195.90. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 4.64.

Marriott International (NASDAQ:MARGet Rating) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $1.80 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.25. Marriott International had a net margin of 9.72% and a return on equity of 120.01%. The company had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $4.96 billion. During the same period last year, the company posted $0.79 EPS. The firm’s quarterly revenue was up 69.5% compared to the same quarter last year. As a group, research analysts anticipate that Marriott International, Inc. will post 6.51 EPS for the current year.

Marriott International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, August 18th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend is Wednesday, August 17th. Marriott International’s dividend payout ratio is currently 22.68%.

Analyst Ratings Changes

A number of research firms have recently weighed in on MAR. Stifel Nicolaus upped their price objective on Marriott International from $150.00 to $161.00 in a research report on Tuesday, August 2nd. Barclays raised their price objective on shares of Marriott International from $164.00 to $170.00 in a research report on Wednesday, August 3rd. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Marriott International from $164.00 to $155.00 in a research report on Wednesday, August 3rd. Cowen reduced their price target on shares of Marriott International to $170.00 in a research report on Friday, July 22nd. Finally, TheStreet raised shares of Marriott International from a “c+” rating to a “b-” rating in a research note on Tuesday, August 16th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Marriott International currently has an average rating of “Moderate Buy” and a consensus price target of $177.15.

Marriott International Company Profile

(Get Rating)

Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through U.S. and Canada, and International segments. It operates its properties under the JW Marriott, The Ritz-Carlton, Ritz-Carlton Reserve, W Hotels, The Luxury Collection, St.

See Also

Institutional Ownership by Quarter for Marriott International (NASDAQ:MAR)

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.