410 Shares in Marriott International, Inc. (NASDAQ:MAR) Purchased by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division acquired a new stake in Marriott International, Inc. (NASDAQ:MARFree Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 410 shares of the company’s stock, valued at approximately $103,000.

Several other institutional investors also recently bought and sold shares of the business. Manchester Capital Management LLC lifted its position in shares of Marriott International by 2.3% in the fourth quarter. Manchester Capital Management LLC now owns 1,841 shares of the company’s stock valued at $415,000 after acquiring an additional 42 shares in the last quarter. Moody National Bank Trust Division lifted its position in Marriott International by 1.2% during the first quarter. Moody National Bank Trust Division now owns 3,673 shares of the company’s stock worth $927,000 after buying an additional 42 shares in the last quarter. Kathmere Capital Management LLC lifted its position in Marriott International by 1.2% during the first quarter. Kathmere Capital Management LLC now owns 3,599 shares of the company’s stock worth $908,000 after buying an additional 42 shares in the last quarter. Grove Bank & Trust lifted its position in Marriott International by 3.4% during the fourth quarter. Grove Bank & Trust now owns 1,307 shares of the company’s stock worth $295,000 after buying an additional 43 shares in the last quarter. Finally, Argus Investors Counsel Inc. lifted its position in Marriott International by 0.6% during the fourth quarter. Argus Investors Counsel Inc. now owns 7,731 shares of the company’s stock worth $1,743,000 after buying an additional 45 shares in the last quarter. 70.70% of the stock is owned by institutional investors and hedge funds.

Marriott International Price Performance

Shares of NASDAQ MAR opened at $242.52 on Thursday. The company has a market capitalization of $69.27 billion, a price-to-earnings ratio of 25.03, a price-to-earnings-growth ratio of 4.52 and a beta of 1.60. The business has a 50-day moving average of $237.54 and a two-hundred day moving average of $240.28. Marriott International, Inc. has a 1 year low of $180.75 and a 1 year high of $260.57.

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

Marriott International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, May 24th were issued a $0.63 dividend. This is an increase from Marriott International’s previous quarterly dividend of $0.52. This represents a $2.52 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend was Thursday, May 23rd. Marriott International’s payout ratio is presently 26.01%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on MAR shares. Wells Fargo & Company cut their target price on Marriott International from $250.00 to $248.00 and set an “equal weight” rating for the company in a research note on Thursday, May 2nd. Barclays raised their target price on Marriott International from $239.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Friday, April 19th. Susquehanna initiated coverage on Marriott International in a research note on Friday, June 21st. They set a “neutral” rating and a $255.00 target price for the company. Argus lifted their price objective on Marriott International from $270.00 to $280.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. Finally, BMO Capital Markets lifted their price objective 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 equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Marriott International currently has an average rating of “Hold” and a consensus target price of $242.19.

Read Our Latest Stock Report on Marriott International

Marriott International Profile

(Free Report)

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 MĂ©ridien, 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.

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

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