Marriott International, Inc. (NASDAQ:MAR) Shares Acquired by DNB Asset Management AS

DNB Asset Management AS increased its stake in Marriott International, Inc. (NASDAQ:MAR) by 4.0% in the second quarter, Holdings Channel.com reports. The institutional investor owned 38,706 shares of the company’s stock after purchasing an additional 1,497 shares during the quarter. DNB Asset Management AS’s holdings in Marriott International were worth $9,358,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Norges Bank acquired a new stake in Marriott International during the 4th quarter valued at approximately $461,525,000. Jennison Associates LLC grew its position in shares of Marriott International by 34.8% in the 4th quarter. Jennison Associates LLC now owns 4,547,098 shares of the company’s stock worth $1,025,416,000 after acquiring an additional 1,173,028 shares in the last quarter. Capital International Investors grew its position in shares of Marriott International by 42.2% in the 4th quarter. Capital International Investors now owns 3,147,501 shares of the company’s stock worth $709,793,000 after acquiring an additional 934,304 shares in the last quarter. Global Assets Advisory LLC acquired a new position in shares of Marriott International in the 1st quarter worth approximately $153,697,000. Finally, Public Employees Retirement Association of Colorado grew its position in shares of Marriott International by 557.2% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 496,505 shares of the company’s stock worth $111,967,000 after acquiring an additional 420,962 shares in the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Trading Up 1.8 %

Shares of NASDAQ MAR traded up $3.90 during mid-day trading on Tuesday, reaching $215.25. The company had a trading volume of 1,910,235 shares, compared to its average volume of 1,511,768. The stock has a market cap of $61.48 billion, a PE ratio of 22.38, a P/E/G ratio of 4.24 and a beta of 1.60. The company has a 50-day moving average price of $237.47 and a two-hundred day moving average price of $241.85. Marriott International, Inc. has a 1-year low of $180.75 and a 1-year high of $260.57.

Marriott International (NASDAQ:MAR) last issued its earnings results on Wednesday, July 31st. The company reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.49 by $0.01. The business had revenue of $6.44 billion for the quarter, compared to analysts’ expectations of $6.47 billion. Marriott International had a negative return on equity of 239.60% and a net margin of 12.01%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.26 EPS. On average, research analysts expect that Marriott International, Inc. will post 9.29 EPS for the current year.

Marriott International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 16th will be issued a dividend of $0.63 per share. The ex-dividend date is Friday, August 16th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.17%. Marriott International’s dividend payout ratio is 26.01%.

Wall Street Analysts Forecast Growth

MAR has been the subject of several research reports. Robert W. Baird decreased their target price on Marriott International from $252.00 to $245.00 and set a “neutral” rating for the company in a research report on Thursday, August 1st. Wells Fargo & Company cut their price target on Marriott International from $248.00 to $238.00 and set an “equal weight” rating on the stock in a report on Thursday, August 1st. Morgan Stanley cut their price target on Marriott International from $268.00 to $250.00 and set an “overweight” rating on the stock in a report on Tuesday. Barclays raised their price target on Marriott International from $240.00 to $251.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 17th. Finally, BMO Capital Markets lifted their target price on Marriott International from $235.00 to $240.00 and gave the company a “market perform” rating in a research note on Thursday, May 2nd. Fifteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Marriott International currently has a consensus rating of “Hold” and a consensus price target of $241.89.

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.