Ieq Capital LLC Has $4.75 Million Stock Position in Marriott International, Inc. (NASDAQ:MAR)

Ieq Capital LLC increased its holdings in Marriott International, Inc. (NASDAQ:MAR) by 18.2% during the fourth quarter, HoldingsChannel reports. The fund owned 17,044 shares of the company’s stock after acquiring an additional 2,624 shares during the quarter. Ieq Capital LLC’s holdings in Marriott International were worth $4,754,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Sound Income Strategies LLC grew its position in Marriott International by 494.4% in the 4th quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock worth $30,000 after purchasing an additional 89 shares in the last quarter. Silvant Capital Management LLC bought a new position in shares of Marriott International during the 3rd quarter valued at approximately $31,000. Darwin Wealth Management LLC bought a new position in shares of Marriott International during the 3rd quarter valued at approximately $33,000. Wingate Wealth Advisors Inc. bought a new position in shares of Marriott International during the 4th quarter valued at approximately $33,000. Finally, ORG Partners LLC grew its position in shares of Marriott International by 158.5% during the 4th quarter. ORG Partners LLC now owns 137 shares of the company’s stock valued at $38,000 after acquiring an additional 84 shares during the period. 70.70% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MAR has been the subject of several analyst reports. Evercore ISI raised shares of Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 price objective for the company in a report on Tuesday, February 4th. Stifel Nicolaus raised their price objective on shares of Marriott International from $252.00 to $283.00 and gave the stock a “hold” rating in a report on Tuesday, November 26th. Argus increased their target price on shares of Marriott International from $300.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Barclays lowered their target price on shares of Marriott International from $287.00 to $283.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 12th. Finally, JPMorgan Chase & Co. increased their target price on shares of Marriott International from $251.00 to $269.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Thirteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $284.05.

Marriott International Stock Performance

Marriott International stock opened at $277.47 on Friday. The stock has a market cap of $76.50 billion, a P/E ratio of 33.35, a price-to-earnings-growth ratio of 3.42 and a beta of 1.57. The firm’s fifty day moving average price is $283.73 and its 200-day moving average price is $264.75. Marriott International, Inc. has a fifty-two week low of $204.55 and a fifty-two week high of $307.52.

Marriott International (NASDAQ:MAR) last issued its earnings results on Tuesday, February 11th. The company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.37 by $0.08. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. On average, analysts predict that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, February 27th will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date is Thursday, February 27th. Marriott International’s payout ratio is 30.29%.

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, City Express by Marriott, and St.