Marriott International, Inc. (NASDAQ:MAR) Shares Bought by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC raised its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 13.1% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 4,661 shares of the company’s stock after buying an additional 541 shares during the period. Fidelis Capital Partners LLC’s holdings in Marriott International were worth $1,127,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Capital International Investors lifted its stake 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 valued at $709,793,000 after purchasing an additional 934,304 shares during the period. Global Assets Advisory LLC acquired a new position in shares of Marriott International in the first quarter worth about $153,697,000. Public Employees Retirement Association of Colorado boosted its stake in shares of Marriott International by 557.2% during 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. Pathstone Holdings LLC acquired a new stake in shares of Marriott International during the 4th quarter valued at about $46,187,000. Finally, JPMorgan Chase & Co. raised its holdings in Marriott International by 1.8% in the 1st quarter. JPMorgan Chase & Co. now owns 10,616,899 shares of the company’s stock worth $2,678,750,000 after purchasing an additional 192,652 shares during the period. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Trading Down 0.0 %

Shares of 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 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. The firm has a 50-day moving average price of $229.80 and a 200 day moving average price of $237.81.

Marriott International (NASDAQ:MAR) last announced its quarterly 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 during the quarter, compared to the consensus estimate of $6.47 billion. Marriott International had a net margin of 12.01% and a negative return on equity of 239.60%. The business’s revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.26 EPS. Equities research analysts predict that Marriott International, Inc. will post 9.37 earnings per share for the current fiscal year.

Marriott International Announces Dividend

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. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Friday, August 16th. Marriott International’s dividend payout ratio is presently 26.01%.

Analyst Ratings Changes

Several analysts have commented on the company. Macquarie reissued a “neutral” rating and issued a $245.00 price objective on shares of Marriott International in a report on Friday, August 2nd. Susquehanna initiated coverage on shares of Marriott International in a report on Friday, June 21st. They issued a “neutral” rating and a $255.00 price target for the company. Wells Fargo & Company dropped their target price on shares of Marriott International from $248.00 to $238.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 1st. Morgan Stanley reduced their price target on shares of Marriott International from $268.00 to $250.00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. Finally, Robert W. Baird lowered their price objective on Marriott International from $252.00 to $245.00 and set a “neutral” rating on the stock in a report on Thursday, August 1st. Thirteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $248.65.

About Marriott International

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.