160 Shares in Marriott International, Inc. (NASDAQ:MAR) Bought by Chilton Capital Management LLC

Chilton Capital Management LLC bought a new stake in shares of Marriott International, Inc. (NASDAQ:MAR) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 160 shares of the company’s stock, valued at approximately $39,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new position in Marriott International during the fourth quarter valued at $461,525,000. Capital International Investors raised its position 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 worth $709,793,000 after purchasing an additional 934,304 shares during the last quarter. Global Assets Advisory LLC purchased a new stake in Marriott International during the 1st quarter valued at about $153,697,000. Public Employees Retirement Association of Colorado raised its holdings in Marriott International by 557.2% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 496,505 shares of the company’s stock worth $111,967,000 after buying an additional 420,962 shares during the last quarter. Finally, Crake Asset Management LLP bought a new position in shares of Marriott International in the fourth quarter worth approximately $64,022,000. 70.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MAR. Susquehanna began coverage on shares of Marriott International in a report on Friday, June 21st. They issued a “neutral” rating and a $255.00 price objective for the company. Macquarie restated a “neutral” rating and issued a $245.00 price target on shares of Marriott International in a research note on Friday, August 2nd. Wells Fargo & Company dropped their price objective on 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. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Marriott International from $222.00 to $216.00 and set a “hold” rating on the stock in a research note on Thursday, August 1st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Marriott International from $235.00 to $255.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. Thirteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $244.44.

Marriott International Stock Performance

NASDAQ:MAR opened at $230.72 on Wednesday. The stock has a 50-day simple moving average of $231.86 and a two-hundred day simple moving average of $239.10. The firm has a market capitalization of $64.95 billion, a PE ratio of 23.81, a P/E/G ratio of 5.51 and a beta of 1.60. Marriott International, Inc. has a 52-week low of $180.75 and a 52-week high of $260.57.

Marriott International (NASDAQ:MAR) last released its earnings results on Wednesday, July 31st. The company reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $6.44 billion during the quarter, compared to analyst estimates of $6.47 billion. During the same period in the prior year, the firm posted $2.26 EPS. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. Equities analysts forecast that Marriott International, Inc. will post 9.37 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 16th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.52 dividend on an annualized basis and a yield of 1.09%. Marriott International’s payout ratio is presently 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.