Cedar Brook Financial Partners LLC Grows Holdings in Marriott International, Inc. (NASDAQ:MAR)

Cedar Brook Financial Partners LLC increased its holdings in Marriott International, Inc. (NASDAQ:MAR) by 20.8% in the second quarter, Holdings Channel.com reports. The firm owned 2,403 shares of the company’s stock after acquiring an additional 414 shares during the period. Cedar Brook Financial Partners LLC’s holdings in Marriott International were worth $441,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Fulton Breakefield Broenniman LLC raised its holdings in Marriott International by 0.7% in the 4th quarter. Fulton Breakefield Broenniman LLC now owns 8,415 shares of the company’s stock worth $1,253,000 after purchasing an additional 56 shares in the last quarter. Boothbay Fund Management LLC boosted its holdings in shares of Marriott International by 1.2% in the first quarter. Boothbay Fund Management LLC now owns 5,079 shares of the company’s stock worth $843,000 after buying an additional 59 shares during the last quarter. ELCO Management Co. LLC boosted its holdings in shares of Marriott International by 1.5% in the first quarter. ELCO Management Co. LLC now owns 4,165 shares of the company’s stock worth $692,000 after buying an additional 60 shares during the last quarter. ETF Managers Group LLC boosted its holdings in shares of Marriott International by 1.5% in the first quarter. ETF Managers Group LLC now owns 4,124 shares of the company’s stock worth $685,000 after buying an additional 61 shares during the last quarter. Finally, Westshore Wealth LLC boosted its holdings in shares of Marriott International by 4.0% in the first quarter. Westshore Wealth LLC now owns 1,610 shares of the company’s stock worth $267,000 after buying an additional 62 shares during the last quarter. Hedge funds and other institutional investors own 58.79% of the company’s stock.

Marriott International Trading Up 2.0 %

Marriott International stock opened at $204.21 on Friday. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 73.56. Marriott International, Inc. has a 12 month low of $135.90 and a 12 month high of $210.98. The stock’s 50 day simple moving average is $199.68 and its two-hundred day simple moving average is $181.31. The firm has a market cap of $60.90 billion, a PE ratio of 23.02, a P/E/G ratio of 1.36 and a beta of 1.59.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Tuesday, August 1st. The company reported $2.26 EPS for the quarter, topping the consensus estimate of $2.19 by $0.07. Marriott International had a return on equity of 649.26% and a net margin of 12.15%. The business had revenue of $6.08 billion for the quarter, compared to analyst estimates of $5.98 billion. During the same quarter in the prior year, the firm posted $1.80 EPS. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. Analysts anticipate that Marriott International, Inc. will post 8.65 earnings per share for the current year.

Marriott International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 17th will be issued a $0.52 dividend. The ex-dividend date is Wednesday, August 16th. This represents a $2.08 dividend on an annualized basis and a yield of 1.02%. Marriott International’s payout ratio is currently 23.45%.

Wall Street Analyst Weigh In

A number of research firms have commented on MAR. Barclays raised their target price on shares of Marriott International from $189.00 to $208.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 2nd. Citigroup boosted their price target on shares of Marriott International from $175.00 to $225.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 30th. BMO Capital Markets lifted their price objective on shares of Marriott International from $192.00 to $210.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 2nd. 888 reissued a “maintains” rating on shares of Marriott International in a research note on Tuesday, June 27th. Finally, Sanford C. Bernstein lowered shares of Marriott International from an “outperform” rating to a “market perform” rating and boosted their target price for the company from $204.00 to $218.00 in a research note on Monday, August 14th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $209.21.

Insider Buying and Selling at Marriott International

In related news, CAO Felitia Lee sold 800 shares of the business’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $205.14, for a total value of $164,112.00. Following the sale, the chief accounting officer now directly owns 3,363 shares in the company, valued at approximately $689,885.82. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Marriott International news, CAO Felitia Lee sold 800 shares of Marriott International stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $205.14, for a total value of $164,112.00. Following the completion of the transaction, the chief accounting officer now directly owns 3,363 shares of the company’s stock, valued at approximately $689,885.82. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider William P. Brown sold 990 shares of Marriott International stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $200.09, for a total value of $198,089.10. Following the completion of the transaction, the insider now directly owns 23,348 shares of the company’s stock, valued at $4,671,701.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 103,723 shares of company stock worth $21,070,240. Corporate insiders own 12.32% of the company’s stock.

About Marriott International

Marriott International, Inc operates, franchises, and licenses hotel, residential, timeshare, and other lodging 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.