LRI Investments LLC Has $202,000 Stake in Marriott International, Inc. (NASDAQ:MAR)

LRI Investments LLC grew its position in Marriott International, Inc. (NASDAQ:MAR) by 63.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 834 shares of the company’s stock after acquiring an additional 325 shares during the period. LRI Investments LLC’s holdings in Marriott International were worth $202,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Marriott International during the 4th quarter worth approximately $461,525,000. Capital International Investors increased its holdings in shares of Marriott International by 42.2% in the fourth 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 last quarter. Global Assets Advisory LLC acquired a new stake in shares of Marriott International during the 1st quarter worth about $153,697,000. Public Employees Retirement Association of Colorado boosted its holdings in shares of Marriott International by 557.2% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 496,505 shares of the company’s stock worth $111,967,000 after buying an additional 420,962 shares during the period. Finally, Crake Asset Management LLP acquired a new position in Marriott International in the 4th quarter valued at about $64,022,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Stock Performance

Marriott International stock opened at $225.26 on Friday. The stock has a fifty day moving average of $233.81 and a 200-day moving average of $239.77. The stock has a market capitalization of $64.34 billion, a P/E ratio of 23.25, a price-to-earnings-growth ratio of 4.24 and a beta of 1.60. Marriott International, Inc. has a 52 week low of $180.75 and a 52 week high of $260.57.

Marriott International (NASDAQ:MAR) last issued its earnings results on Wednesday, July 31st. The company reported $2.50 EPS for the quarter, topping the consensus estimate of $2.49 by $0.01. The firm had revenue of $6.44 billion during the quarter, compared to the consensus estimate of $6.47 billion. Marriott International had a negative return on equity of 239.60% and a net margin of 12.01%. The business’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.26 earnings per share. On average, research analysts forecast that Marriott International, Inc. will post 9.29 earnings per share for the current year.

Marriott International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 16th will be issued a dividend of $0.63 per share. The ex-dividend date is Friday, August 16th. This represents a $2.52 annualized dividend and a dividend yield of 1.12%. Marriott International’s dividend payout ratio (DPR) is presently 26.01%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MAR. Barclays boosted their price objective on Marriott International from $240.00 to $251.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 17th. BMO Capital Markets upped their price objective on Marriott International from $235.00 to $240.00 and gave the company a “market perform” rating in a report on Thursday, May 2nd. Susquehanna began coverage on Marriott International in a report on Friday, June 21st. They set a “neutral” rating and a $255.00 target price for the company. Truist Financial decreased their price target on shares of Marriott International from $263.00 to $254.00 and set a “hold” rating on the stock in a research note on Tuesday, August 6th. Finally, Robert W. Baird cut their price objective on shares of Marriott International from $252.00 to $245.00 and set a “neutral” rating for the company in a report on Thursday, August 1st. Fourteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $242.39.

Marriott International 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.