Janney Montgomery Scott LLC Has $21.95 Million Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

Janney Montgomery Scott LLC reduced its stake in Marriott International, Inc. (NASDAQ:MAR) by 11.2% during the 1st quarter, Holdings Channel reports. The firm owned 86,989 shares of the company’s stock after selling 11,020 shares during the period. Janney Montgomery Scott LLC’s holdings in Marriott International were worth $21,948,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in MAR. Roble Belko & Company Inc grew its position in shares of Marriott International by 845.5% during the 1st quarter. Roble Belko & Company Inc now owns 104 shares of the company’s stock worth $26,000 after buying an additional 93 shares during the period. ORG Partners LLC grew its holdings in Marriott International by 72.6% during the fourth quarter. ORG Partners LLC now owns 126 shares of the company’s stock valued at $29,000 after purchasing an additional 53 shares during the period. Benjamin Edwards Inc. acquired a new stake in Marriott International in the first quarter worth $29,000. Keener Financial Planning LLC bought a new position in shares of Marriott International during the fourth quarter worth $30,000. Finally, Anchor Investment Management LLC bought a new stake in shares of Marriott International in the 4th quarter valued at $31,000. 70.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on MAR. Argus lifted their target price on Marriott International from $270.00 to $280.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. Wells Fargo & Company dropped their target price on shares of Marriott International from $250.00 to $248.00 and set an “equal weight” rating on the stock in a report on Thursday, May 2nd. Barclays upped their price target on shares of Marriott International from $239.00 to $240.00 and gave the company an “equal weight” rating in a report on Friday, April 19th. Robert W. Baird boosted their price objective on shares of Marriott International from $248.00 to $250.00 and gave the company a “neutral” rating in a research report on Thursday, May 2nd. Finally, BMO Capital Markets increased their target price on Marriott International from $235.00 to $240.00 and gave the stock a “market perform” rating in a report on Thursday, May 2nd. Twelve equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $242.19.

Marriott International Stock Up 0.3 %

Shares of Marriott International stock traded up $0.81 on Friday, hitting $240.98. The stock had a trading volume of 851,934 shares, compared to its average volume of 1,613,953. The stock has a market cap of $68.83 billion, a price-to-earnings ratio of 24.87, a price-to-earnings-growth ratio of 4.52 and a beta of 1.60. Marriott International, Inc. has a twelve month low of $178.24 and a twelve month high of $260.57. The business’s 50 day moving average is $237.35 and its two-hundred day moving average is $239.74.

Marriott International (NASDAQ:MAR) last posted its 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 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 analyst estimates of $5.95 billion. During the same period in the prior year, the business posted $2.09 EPS. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. As a group, equities analysts predict that Marriott International, Inc. will post 9.55 earnings per share for the current fiscal 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 paid a $0.63 dividend. This is a boost from Marriott International’s previous quarterly dividend of $0.52. This represents a $2.52 annualized dividend and a dividend yield of 1.05%. The ex-dividend date was Thursday, May 23rd. Marriott International’s payout ratio is 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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.