Marriott International, Inc. (NASDAQ:MAR) Shares Acquired by Blair William & Co. IL

Blair William & Co. IL boosted its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 30.2% during the second quarter, HoldingsChannel.com reports. The firm owned 34,756 shares of the company’s stock after acquiring an additional 8,066 shares during the period. Blair William & Co. IL’s holdings in Marriott International were worth $8,403,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in MAR. Rockland Trust Co. grew its stake in Marriott International by 2.3% during the second quarter. Rockland Trust Co. now owns 1,802 shares of the company’s stock worth $436,000 after buying an additional 41 shares during the period. Moody National Bank Trust Division boosted its position in Marriott International by 1.2% during the 1st quarter. Moody National Bank Trust Division now owns 3,673 shares of the company’s stock worth $927,000 after purchasing an additional 42 shares during the period. Kathmere Capital Management LLC increased its holdings in Marriott International by 1.2% in the 1st quarter. Kathmere Capital Management LLC now owns 3,599 shares of the company’s stock valued at $908,000 after purchasing an additional 42 shares in the last quarter. Park Avenue Securities LLC lifted its stake in shares of Marriott International by 1.4% during the second quarter. Park Avenue Securities LLC now owns 3,298 shares of the company’s stock worth $797,000 after purchasing an additional 46 shares in the last quarter. Finally, SeaCrest Wealth Management LLC boosted its position in shares of Marriott International by 1.5% in the second quarter. SeaCrest Wealth Management LLC now owns 3,075 shares of the company’s stock worth $743,000 after buying an additional 46 shares during the period. Institutional investors and hedge funds own 70.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on MAR shares. JPMorgan Chase & Co. boosted their price target on Marriott International from $235.00 to $255.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. Robert W. Baird reduced their target price on shares of Marriott International from $252.00 to $245.00 and set a “neutral” rating on the stock in a research report on Thursday, August 1st. Morgan Stanley lowered their price target on shares of Marriott International from $268.00 to $250.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. Macquarie reissued a “neutral” rating and issued a $245.00 price objective on shares of Marriott International in a research report on Friday, August 2nd. Finally, The Goldman Sachs Group assumed coverage on Marriott International in a research report on Wednesday. They set a “buy” rating and a $267.00 target price on the stock. Thirteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $247.33.

Marriott International Price Performance

NASDAQ:MAR opened at $244.39 on Friday. Marriott International, Inc. has a 12-month low of $180.75 and a 12-month high of $260.57. The business has a 50 day simple moving average of $229.80 and a 200 day simple moving average of $237.88. The firm has a market capitalization of $69.80 billion, a P/E ratio of 25.22, a P/E/G ratio of 5.34 and a beta of 1.59.

Marriott International (NASDAQ:MAR) last posted its earnings results on Wednesday, July 31st. The company reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.49 by $0.01. Marriott International had a net margin of 12.01% and a negative return on equity of 239.60%. The firm had revenue of $6.44 billion during the quarter, compared to analyst estimates of $6.47 billion. During the same period in the previous year, the business posted $2.26 EPS. Marriott International’s revenue was up 6.0% on a year-over-year basis. Research analysts anticipate that Marriott International, Inc. will post 9.37 EPS for the current fiscal year.

Marriott International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 16th will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend is Friday, August 16th. Marriott International’s payout ratio is currently 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, City Express by Marriott, and St.