J.W. Cole Advisors Inc. raised its holdings in shares of Marriott International, Inc. (NASDAQ:MAR – Get Rating) by 3,321.0% in the first quarter, HoldingsChannel reports. The firm owned 63,870 shares of the company’s stock after buying an additional 62,003 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Marriott International were worth $106,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Lloyd Advisory Services LLC. purchased a new position in shares of Marriott International during the 1st quarter worth approximately $25,000. Riverview Trust Co purchased a new stake in shares of Marriott International in the 1st quarter worth approximately $26,000. Core Alternative Capital grew its stake in shares of Marriott International by 1,261.5% in the 1st quarter. Core Alternative Capital now owns 177 shares of the company’s stock worth $31,000 after buying an additional 164 shares during the last quarter. Hazlett Burt & Watson Inc. purchased a new stake in shares of Marriott International in the 1st quarter worth approximately $34,000. Finally, Tcwp LLC purchased a new stake in shares of Marriott International in the 1st quarter worth approximately $34,000. Institutional investors own 70.95% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms recently weighed in on MAR. Barclays upped their price target on Marriott International from $164.00 to $170.00 in a research note on Wednesday, August 3rd. Stifel Nicolaus increased their target price on Marriott International from $150.00 to $161.00 in a research note on Tuesday, August 2nd. TheStreet upgraded Marriott International from a “c+” rating to a “b-” rating in a research note on Tuesday, August 16th. Deutsche Bank Aktiengesellschaft cut their target price on Marriott International from $164.00 to $155.00 in a research note on Wednesday, August 3rd. Finally, Robert W. Baird increased their target price on Marriott International to $183.00 in a research note on Tuesday, August 9th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Marriott International presently has an average rating of “Moderate Buy” and a consensus price target of $177.71.
Marriott International Price Performance
Marriott International (NASDAQ:MAR – Get Rating) last announced its earnings results on Tuesday, August 2nd. The company reported $1.80 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.25. Marriott International had a return on equity of 120.01% and a net margin of 9.72%. The company had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $4.96 billion. During the same period last year, the firm earned $0.79 EPS. Marriott International’s revenue for the quarter was up 69.5% compared to the same quarter last year. Sell-side analysts anticipate that Marriott International, Inc. will post 6.52 earnings per share for the current year.
Marriott International Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, August 18th will be paid a $0.30 dividend. The ex-dividend date is Wednesday, August 17th. This represents a $1.20 dividend on an annualized basis and a yield of 0.81%. Marriott International’s payout ratio is presently 22.68%.
Insiders Place Their Bets
In other Marriott International news, Director Eric Hippeau sold 13,987 shares of the stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $158.77, for a total value of $2,220,715.99. Following the completion of the sale, the director now owns 14,461 shares in the company, valued at approximately $2,295,972.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 12.21% of the stock is currently owned by company insiders.
Marriott International Company Profile
Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through U.S. and Canada, and International segments. It operates its properties under the JW Marriott, The Ritz-Carlton, Ritz-Carlton Reserve, W Hotels, The Luxury Collection, St.
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