MV Capital Management Inc. Grows Stake in Marriott International, Inc. (NASDAQ:MAR)

MV Capital Management Inc. raised its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 1.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,023 shares of the company’s stock after purchasing an additional 54 shares during the period. MV Capital Management Inc.’s holdings in Marriott International were worth $763,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Morgan Stanley grew its stake in Marriott International by 1.4% in the 3rd quarter. Morgan Stanley now owns 4,711,029 shares of the company’s stock valued at $926,000,000 after buying an additional 63,411 shares in the last quarter. Jennison Associates LLC grew its position in shares of Marriott International by 34.8% in the fourth quarter. Jennison Associates LLC now owns 4,547,098 shares of the company’s stock valued at $1,025,416,000 after purchasing an additional 1,173,028 shares in the last quarter. Capital International Investors raised its stake in shares of Marriott International by 42.2% during the 4th quarter. Capital International Investors now owns 3,147,501 shares of the company’s stock valued at $709,793,000 after purchasing an additional 934,304 shares during the period. Parnassus Investments LLC boosted its stake in Marriott International by 0.3% in the 4th quarter. Parnassus Investments LLC now owns 2,457,382 shares of the company’s stock worth $554,164,000 after purchasing an additional 7,135 shares during the period. Finally, Norges Bank purchased a new position in Marriott International during the 4th quarter valued at about $461,525,000. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Marriott International Trading Up 0.2 %

Shares of NASDAQ:MAR traded up $0.47 on Tuesday, reaching $239.98. 1,417,309 shares of the company traded hands, compared to its average volume of 1,465,521. Marriott International, Inc. has a 52 week low of $178.24 and a 52 week high of $260.57. The business’s 50-day simple moving average is $237.45 and its 200 day simple moving average is $239.46. The stock has a market capitalization of $68.54 billion, a P/E ratio of 24.76, a price-to-earnings-growth ratio of 4.55 and a beta of 1.60.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $2.13 EPS 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 revenue for the quarter was up 6.4% on a year-over-year basis. During the same period last year, the firm earned $2.09 earnings per share. Sell-side analysts expect that Marriott International, Inc. will post 9.55 EPS for the current fiscal year.

Marriott International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, May 24th were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date was Thursday, May 23rd. This is a positive change from Marriott International’s previous quarterly dividend of $0.52. Marriott International’s dividend payout ratio (DPR) is 26.01%.

Analysts Set New Price Targets

A number of research firms have recently commented on MAR. Susquehanna assumed coverage on shares of Marriott International in a research report on Friday, June 21st. They issued a “neutral” rating and a $255.00 price objective for the company. Robert W. Baird boosted their price target on shares of Marriott International from $248.00 to $250.00 and gave the company a “neutral” rating in a research report on Thursday, May 2nd. 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. BMO Capital Markets upped their target price on Marriott International from $235.00 to $240.00 and gave the stock a “market perform” rating in a research note on Thursday, May 2nd. Finally, Barclays lifted their price target on Marriott International from $239.00 to $240.00 and gave the company an “equal weight” rating in a research report on Friday, April 19th. Twelve equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $242.19.

Marriott International Company Profile

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.