Marriott International, Inc. (NASDAQ:MAR) Shares Acquired by Wolff Wiese Magana LLC

Wolff Wiese Magana LLC raised its position in Marriott International, Inc. (NASDAQ:MARGet Rating) by 1,731.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,289 shares of the company’s stock after buying an additional 2,164 shares during the period. Wolff Wiese Magana LLC’s holdings in Marriott International were worth $311,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MAR. Westshore Wealth LLC increased its stake in shares of Marriott International by 6.4% during the second quarter. Westshore Wealth LLC now owns 1,548 shares of the company’s stock worth $211,000 after purchasing an additional 93 shares in the last quarter. HB Wealth Management LLC acquired a new position in Marriott International during the second quarter worth about $255,000. Gilman Hill Asset Management LLC boosted its holdings in Marriott International by 15.3% in the 2nd quarter. Gilman Hill Asset Management LLC now owns 16,220 shares of the company’s stock valued at $2,206,000 after purchasing an additional 2,158 shares during the last quarter. IFM Investors Pty Ltd boosted its holdings in Marriott International by 16.4% in the 2nd quarter. IFM Investors Pty Ltd now owns 48,519 shares of the company’s stock valued at $6,599,000 after purchasing an additional 6,849 shares during the last quarter. Finally, Affiance Financial LLC boosted its holdings in Marriott International by 2.7% in the 2nd quarter. Affiance Financial LLC now owns 3,478 shares of the company’s stock valued at $473,000 after purchasing an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 70.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MAR. StockNews.com upgraded shares of Marriott International from a “hold” rating to a “buy” rating in a report on Friday, August 12th. TheStreet upgraded shares of Marriott International from a “c+” rating to a “b-” rating in a report on Tuesday, August 16th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Marriott International from $164.00 to $155.00 in a report on Wednesday, August 3rd. Evercore ISI upped their price objective on shares of Marriott International to $175.00 in a report on Tuesday, August 9th. Finally, Barclays upped their target price on shares of Marriott International from $164.00 to $170.00 in a research note on Wednesday, August 3rd. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Marriott International has a consensus rating of “Moderate Buy” and a consensus target price of $177.71.

Marriott International Price Performance

Shares of MAR traded down $3.29 during trading hours on Friday, reaching $136.82. The company had a trading volume of 98,112 shares, compared to its average volume of 1,910,354. The firm has a 50 day simple moving average of $156.90 and a 200-day simple moving average of $160.96. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 4.64. The company has a market capitalization of $44.40 billion, a price-to-earnings ratio of 26.49, a PEG ratio of 0.57 and a beta of 1.61. Marriott International, Inc. has a 12-month low of $131.01 and a 12-month high of $195.90.

Marriott International (NASDAQ:MARGet Rating) last posted its earnings results on Tuesday, August 2nd. The company reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.25. Marriott International had a net margin of 9.72% and a return on equity of 120.01%. The firm had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $4.96 billion. During the same period last year, the firm posted $0.79 EPS. The firm’s revenue for the quarter was up 69.5% on a year-over-year basis. Research analysts expect that Marriott International, Inc. will post 6.52 earnings per share for the current year.

Marriott International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, August 18th will be issued a dividend of $0.30 per share. The ex-dividend date is Wednesday, August 17th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.88%. Marriott International’s dividend payout ratio (DPR) is presently 22.68%.

Insider Transactions at Marriott International

In related news, Director Eric Hippeau sold 13,987 shares of the firm’s stock in a transaction that occurred on Thursday, September 8th. The shares were sold at an average price of $158.77, for a total value of $2,220,715.99. Following the sale, the director now directly owns 14,461 shares of the company’s stock, valued at $2,295,972.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 12.21% of the company’s stock.

About Marriott International

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

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