Mcdonald Partners LLC Has $3.23 Million Stock Position in Marriott International, Inc. (NASDAQ:MAR)

Mcdonald Partners LLC reduced its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 0.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,790 shares of the company’s stock after selling 71 shares during the period. Mcdonald Partners LLC’s holdings in Marriott International were worth $3,227,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Caprock Group LLC boosted its holdings in Marriott International by 255.1% in the fourth quarter. Caprock Group LLC now owns 11,781 shares of the company’s stock valued at $2,657,000 after acquiring an additional 8,463 shares during the last quarter. Parnassus Investments LLC raised its stake in Marriott International by 0.3% during the fourth quarter. Parnassus Investments LLC now owns 2,457,382 shares of the company’s stock worth $554,164,000 after buying an additional 7,135 shares during the last quarter. Redwood Investment Management LLC lifted its holdings in Marriott International by 208.3% in the fourth quarter. Redwood Investment Management LLC now owns 26,927 shares of the company’s stock valued at $6,072,000 after buying an additional 18,192 shares during the period. Stifel Financial Corp grew its holdings in Marriott International by 3.5% during the 4th quarter. Stifel Financial Corp now owns 124,569 shares of the company’s stock worth $28,092,000 after acquiring an additional 4,247 shares during the period. Finally, Cerity Partners LLC lifted its stake in shares of Marriott International by 86.8% in the 4th quarter. Cerity Partners LLC now owns 44,957 shares of the company’s stock valued at $10,138,000 after purchasing an additional 20,890 shares during the period. 70.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on MAR shares. Susquehanna began coverage on Marriott International in a research note on Friday, June 21st. They issued a “neutral” rating and a $255.00 price target on the stock. Barclays increased their target price on shares of Marriott International from $239.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Friday, April 19th. Robert W. Baird lifted their price target on shares of Marriott International from $248.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Mizuho raised their target price on Marriott International from $260.00 to $265.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Finally, Wells Fargo & Company cut their price target on Marriott International from $250.00 to $248.00 and set an “equal weight” rating on the stock in a report on Thursday, May 2nd. Twelve equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $242.19.

Marriott International Trading Down 1.4 %

Shares of MAR traded down $3.32 on Wednesday, reaching $241.51. 1,530,612 shares of the company’s stock traded hands, compared to its average volume of 1,424,750. The stock’s 50 day simple moving average is $237.12 and its two-hundred day simple moving average is $238.81. Marriott International, Inc. has a 52-week low of $172.80 and a 52-week high of $260.57. The stock has a market cap of $68.98 billion, a PE ratio of 24.92, a PEG ratio of 4.61 and a beta of 1.60.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $2.13 earnings per share for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The company had revenue of $5.98 billion during the quarter, compared to analysts’ expectations of $5.95 billion. Marriott International had a negative return on equity of 376.88% and a net margin of 12.00%. Marriott International’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the firm posted $2.09 earnings per share. Analysts forecast that Marriott International, Inc. will post 9.55 earnings per share for the current year.

Marriott International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 24th will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.04%. This is a positive change from Marriott International’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Thursday, May 23rd. Marriott International’s dividend payout ratio 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.