135 Shares in Marriott International, Inc. (NASDAQ:MAR) Acquired by Annapolis Financial Services LLC

Annapolis Financial Services LLC bought a new position in shares of Marriott International, Inc. (NASDAQ:MAR) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 135 shares of the company’s stock, valued at approximately $34,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Roble Belko & Company Inc boosted its holdings in Marriott International by 845.5% in the 1st quarter. Roble Belko & Company Inc now owns 104 shares of the company’s stock worth $26,000 after acquiring an additional 93 shares during the period. ORG Partners LLC boosted its holdings in Marriott International by 72.6% in the 4th quarter. ORG Partners LLC now owns 126 shares of the company’s stock worth $29,000 after acquiring an additional 53 shares during the period. Keener Financial Planning LLC purchased a new position in shares of Marriott International during the 4th quarter valued at approximately $30,000. Anchor Investment Management LLC purchased a new position in shares of Marriott International during the 4th quarter valued at approximately $31,000. Finally, Wetzel Investment Advisors Inc. purchased a new position in shares of Marriott International during the 4th quarter valued at approximately $33,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Trading Down 0.2 %

MAR stock traded down $0.48 during trading hours on Friday, hitting $241.77. 6,788,860 shares of the stock traded hands, compared to its average volume of 1,407,587. The stock has a 50-day simple moving average of $237.41 and a 200 day simple moving average of $239.18. Marriott International, Inc. has a one year low of $177.10 and a one year high of $260.57. The company has a market cap of $69.05 billion, a P/E ratio of 24.95, a P/E/G ratio of 4.56 and a beta of 1.60.

Marriott International (NASDAQ:MAR) last released 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). Marriott International had a net margin of 12.00% and a negative return on equity of 376.88%. The company had revenue of $5.98 billion during the quarter, compared to analyst estimates of $5.95 billion. During the same quarter last year, the business earned $2.09 EPS. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. Analysts forecast that Marriott International, Inc. will post 9.55 earnings per share for the current year.

Marriott International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, May 24th were given a $0.63 dividend. This is a positive change from Marriott International’s previous quarterly dividend of $0.52. The ex-dividend date was Thursday, May 23rd. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.04%. Marriott International’s dividend payout ratio (DPR) is 26.01%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. BMO Capital Markets raised their price objective 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. Argus increased their target price on Marriott International from $270.00 to $280.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Susquehanna began coverage on Marriott International in a research report on Friday, June 21st. They issued a “neutral” rating and a $255.00 target price on the stock. Robert W. Baird raised their price target on Marriott International from $248.00 to $250.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. Finally, Mizuho raised their price target on Marriott International from $260.00 to $265.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. Twelve investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Marriott International has an average rating of “Hold” and an average target price of $242.19.

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.