Wealth Enhancement Advisory Services LLC Has $9.84 Million Stock Position in Marriott International, Inc. (NASDAQ:MAR)

Wealth Enhancement Advisory Services LLC boosted its position in Marriott International, Inc. (NASDAQ:MAR) by 113.1% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 38,998 shares of the company’s stock after acquiring an additional 20,696 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Marriott International were worth $9,839,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in MAR. Manchester Capital Management LLC raised its position in shares of Marriott International by 2.3% during the fourth quarter. Manchester Capital Management LLC now owns 1,841 shares of the company’s stock worth $415,000 after purchasing an additional 42 shares during the period. Moody National Bank Trust Division increased its stake 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 valued at $927,000 after purchasing an additional 42 shares in the last quarter. Grove Bank & Trust lifted its stake in shares of Marriott International by 3.4% in the fourth quarter. Grove Bank & Trust now owns 1,307 shares of the company’s stock valued at $295,000 after buying an additional 43 shares in the last quarter. Argus Investors Counsel Inc. grew its holdings in shares of Marriott International by 0.6% during the fourth quarter. Argus Investors Counsel Inc. now owns 7,731 shares of the company’s stock valued at $1,743,000 after buying an additional 45 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in shares of Marriott International by 2.8% in the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,673 shares of the company’s stock worth $377,000 after acquiring an additional 45 shares during the last quarter. 70.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on MAR shares. Mizuho boosted their price objective on Marriott International from $260.00 to $265.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. BMO Capital Markets increased their price target on Marriott International from $235.00 to $240.00 and gave the company a “market perform” rating in a research report on Thursday, May 2nd. Argus upped their target price on shares of Marriott International from $270.00 to $280.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Barclays raised their price target on shares of Marriott International from $239.00 to $240.00 and gave the company an “equal weight” rating in a research report on Friday, April 19th. Finally, Susquehanna started coverage on shares of Marriott International in a research note on Friday, June 21st. They issued a “neutral” rating and a $255.00 price objective for the company. Twelve investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Marriott International has an average rating of “Hold” and a consensus price target of $242.19.

Marriott International Stock Down 0.2 %

Shares of NASDAQ:MAR opened at $241.77 on Friday. The firm has a market capitalization of $69.05 billion, a PE ratio of 24.95, a P/E/G ratio of 4.56 and a beta of 1.60. The company has a 50-day moving average price of $237.41 and a two-hundred day moving average price of $239.18. Marriott International, Inc. has a twelve month low of $177.10 and a twelve month high of $260.57.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Wednesday, May 1st. The company reported $2.13 earnings per share for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The business had revenue of $5.98 billion during the quarter, compared to analysts’ expectations of $5.95 billion. Marriott International had a net margin of 12.00% and a negative return on equity of 376.88%. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.09 earnings per share. Analysts anticipate that Marriott International, Inc. will post 9.55 earnings per share for the current fiscal year.

Marriott International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, May 24th were paid a $0.63 dividend. The ex-dividend date was Thursday, May 23rd. This represents a $2.52 annualized dividend and a yield of 1.04%. This is an increase from Marriott International’s previous quarterly dividend of $0.52. Marriott International’s dividend payout ratio (DPR) is currently 26.01%.

Marriott International Company 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.