Marriott International, Inc. (NASDAQ:MAR) Shares Sold by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC decreased its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 0.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,218 shares of the company’s stock after selling 145 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Marriott International were worth $6,097,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in Marriott International by 1.8% in the 1st quarter. JPMorgan Chase & Co. now owns 10,616,899 shares of the company’s stock worth $2,678,750,000 after buying an additional 192,652 shares in the last quarter. Capital International Investors lifted its holdings in Marriott International by 4.7% in the 1st quarter. Capital International Investors now owns 3,296,879 shares of the company’s stock worth $831,836,000 after buying an additional 149,378 shares in the last quarter. Parnassus Investments LLC lifted its holdings 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 buying an additional 7,135 shares in the last quarter. Norges Bank acquired a new position in Marriott International in the 4th quarter worth $461,525,000. Finally, Wells Fargo & Company MN increased its position in shares of Marriott International by 4.7% in the 4th quarter. Wells Fargo & Company MN now owns 660,831 shares of the company’s stock worth $149,024,000 after purchasing an additional 29,785 shares during the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.

Wall Street Analyst Weigh In

MAR has been the subject of several research analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Marriott International from $235.00 to $255.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. Susquehanna initiated coverage on shares of Marriott International in a research report on Friday, June 21st. They issued a “neutral” rating and a $255.00 target price for the company. Sanford C. Bernstein raised shares of Marriott International from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $247.00 to $262.00 in a research report on Thursday, August 29th. Macquarie reissued a “neutral” rating and issued a $245.00 target price on shares of Marriott International in a research report on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Marriott International from $222.00 to $216.00 and set a “hold” rating for the company in a research report on Thursday, August 1st. Thirteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $246.18.

Marriott International Trading Up 0.5 %

Shares of NASDAQ:MAR opened at $231.74 on Monday. The company has a 50 day moving average of $229.93 and a 200-day moving average of $238.07. The firm has a market cap of $66.19 billion, a P/E ratio of 23.92, a P/E/G ratio of 5.34 and a beta of 1.59. Marriott International, Inc. has a twelve month low of $180.75 and a twelve month high of $260.57.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.49 by $0.01. The company had revenue of $6.44 billion during the quarter, compared to analyst estimates of $6.47 billion. Marriott International had a net margin of 12.01% and a negative return on equity of 239.60%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.26 EPS. Equities research analysts forecast that Marriott International, Inc. will post 9.37 EPS for the current year.

Marriott International Dividend Announcement

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 paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend is Friday, August 16th. Marriott International’s dividend payout ratio is currently 26.01%.

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, City Express by Marriott, and St.