1,250 Shares in Marriott International, Inc. (NASDAQ:MAR) Acquired by Morse Asset Management Inc

Morse Asset Management Inc acquired a new position in Marriott International, Inc. (NASDAQ:MAR) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,250 shares of the company’s stock, valued at approximately $315,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Caprock Group LLC grew its holdings in Marriott International by 255.1% in the 4th quarter. Caprock Group LLC now owns 11,781 shares of the company’s stock worth $2,657,000 after buying an additional 8,463 shares in the last quarter. Parnassus Investments LLC boosted its stake in Marriott International by 0.3% during the 4th quarter. Parnassus Investments LLC now owns 2,457,382 shares of the company’s stock valued at $554,164,000 after purchasing an additional 7,135 shares in the last quarter. Redwood Investment Management LLC boosted its stake in Marriott International by 208.3% during the 4th quarter. Redwood Investment Management LLC now owns 26,927 shares of the company’s stock valued at $6,072,000 after purchasing an additional 18,192 shares in the last quarter. Stifel Financial Corp boosted its stake in Marriott International by 3.5% during the 4th quarter. Stifel Financial Corp now owns 124,569 shares of the company’s stock valued at $28,092,000 after purchasing an additional 4,247 shares in the last quarter. Finally, Cerity Partners LLC boosted its stake in Marriott International by 86.8% during 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 in the last quarter. 70.70% of the stock is owned by institutional investors.

Marriott International Stock Up 1.2 %

Shares of MAR traded up $2.85 during mid-day trading on Friday, reaching $236.60. The company’s stock had a trading volume of 929,373 shares, compared to its average volume of 1,537,140. Marriott International, Inc. has a 1 year low of $180.75 and a 1 year high of $260.57. The business has a fifty day moving average of $238.90 and a 200 day moving average of $241.97. The company has a market cap of $67.58 billion, a price-to-earnings ratio of 24.42, a price-to-earnings-growth ratio of 4.45 and a beta of 1.60.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.04). Marriott International had a negative return on equity of 376.88% and a net margin of 12.00%. The firm had revenue of $5.98 billion for the quarter, compared to analysts’ expectations of $5.95 billion. During the same quarter in the prior year, the business posted $2.09 earnings per share. Marriott International’s revenue was up 6.4% on a year-over-year basis. On average, analysts predict that Marriott International, Inc. will post 9.56 earnings per share for the current year.

Marriott International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, May 24th were issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.07%. This is a positive change from Marriott International’s previous quarterly dividend of $0.52. The ex-dividend date was Thursday, May 23rd. Marriott International’s dividend payout ratio (DPR) is currently 26.01%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MAR. Barclays increased their price target on Marriott International from $240.00 to $251.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 17th. Robert W. Baird increased their price target on Marriott International from $248.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. BMO Capital Markets increased their price objective on Marriott International from $235.00 to $240.00 and gave the company a “market perform” rating in a research report on Thursday, May 2nd. JPMorgan Chase & Co. increased their price objective on Marriott International from $235.00 to $255.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. Finally, Susquehanna began coverage on Marriott International in a research report on Friday, June 21st. They set a “neutral” rating and a $255.00 price objective for the company. Thirteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $243.59.

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.