DnB Asset Management AS boosted its position in shares of Marriott International, Inc. (NASDAQ:MAR – Get Rating) by 1.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,885 shares of the company’s stock after acquiring an additional 462 shares during the period. DnB Asset Management AS’s holdings in Marriott International were worth $6,105,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Lloyd Advisory Services LLC. acquired a new stake in shares of Marriott International during the 1st quarter valued at about $25,000. Riverview Trust Co bought a new position in Marriott International during the first quarter worth about $26,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in Marriott International during the first quarter valued at approximately $29,000. Core Alternative Capital raised its holdings in shares of Marriott International by 1,261.5% in the 1st quarter. Core Alternative Capital now owns 177 shares of the company’s stock worth $31,000 after buying an additional 164 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. bought a new position in shares of Marriott International during the 1st quarter worth approximately $34,000. Institutional investors and hedge funds own 70.95% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on MAR shares. Cowen dropped their price objective on Marriott International to $170.00 in a research note on Friday, July 22nd. Stifel Nicolaus lifted their price target on shares of Marriott International from $150.00 to $161.00 in a report on Tuesday, August 2nd. Barclays upped their price objective on shares of Marriott International from $164.00 to $170.00 in a research note on Wednesday, August 3rd. Robert W. Baird boosted their target price on Marriott International to $183.00 in a report on Tuesday, August 9th. Finally, Evercore ISI raised their price target on Marriott International to $175.00 in a report on Tuesday, August 9th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Marriott International currently has a consensus rating of “Moderate Buy” and a consensus price target of $177.71.
Insiders Place Their Bets
Marriott International Trading Down 4.7 %
MAR opened at $154.92 on Monday. The firm has a 50 day simple moving average of $156.02 and a 200 day simple moving average of $161.18. Marriott International, Inc. has a fifty-two week low of $131.01 and a fifty-two week high of $195.90. The company has a market cap of $50.28 billion, a price-to-earnings ratio of 29.29, a price-to-earnings-growth ratio of 0.59 and a beta of 1.61. The company has a debt-to-equity ratio of 4.64, a current ratio of 0.45 and a quick ratio of 0.45.
Marriott International (NASDAQ:MAR – Get 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. The company had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $4.96 billion. Marriott International had a return on equity of 120.01% and a net margin of 9.72%. The firm’s quarterly revenue was up 69.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.79 EPS. On average, sell-side analysts anticipate that Marriott International, Inc. will post 6.52 earnings per share for the current year.
Marriott International Dividend Announcement
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 issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend is Wednesday, August 17th. Marriott International’s dividend payout ratio is currently 22.68%.
Marriott International Company Profile
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.
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