J.W. Cole Advisors Inc. Sells 2,044 Shares of Marriott International, Inc. (NASDAQ:MAR)

J.W. Cole Advisors Inc. lowered its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 43.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,675 shares of the company’s stock after selling 2,044 shares during the period. J.W. Cole Advisors Inc.’s holdings in Marriott International were worth $647,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. BDF Gestion bought a new position in shares of Marriott International during the 2nd quarter valued at about $3,013,000. Parnassus Investments LLC raised its position in Marriott International by 0.3% in the 4th quarter. Parnassus Investments LLC now owns 2,457,382 shares of the company’s stock valued at $554,164,000 after buying an additional 7,135 shares during the last quarter. Redwood Investment Management LLC raised its position in Marriott International by 208.3% in the 4th quarter. Redwood Investment Management LLC now owns 26,927 shares of the company’s stock valued at $6,072,000 after buying an additional 18,192 shares during the last quarter. CWM LLC raised its position in Marriott International by 518.7% in the 2nd quarter. CWM LLC now owns 47,519 shares of the company’s stock valued at $11,489,000 after buying an additional 39,839 shares during the last quarter. Finally, Stifel Financial Corp raised its position in Marriott International by 3.5% in the 4th quarter. Stifel Financial Corp now owns 124,569 shares of the company’s stock valued at $28,092,000 after buying an additional 4,247 shares during the last quarter. Institutional investors own 70.70% of the company’s stock.

Marriott International Price Performance

Marriott International stock opened at $232.46 on Tuesday. The stock’s fifty day moving average price is $229.78 and its two-hundred day moving average price is $237.95. Marriott International, Inc. has a one year low of $180.75 and a one year high of $260.57. The firm has a market cap of $66.40 billion, a PE ratio of 23.99, a price-to-earnings-growth ratio of 5.34 and a beta of 1.59.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.49 by $0.01. Marriott International had a negative return on equity of 239.60% and a net margin of 12.01%. The company had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6.47 billion. During the same quarter last year, the company posted $2.26 EPS. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. Sell-side analysts expect 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. Stockholders of record on Friday, August 16th will be paid a $0.63 dividend. The ex-dividend date is Friday, August 16th. This represents a $2.52 annualized dividend and a dividend yield of 1.08%. Marriott International’s payout ratio is 26.01%.

Wall Street Analysts Forecast Growth

MAR has been the topic of several recent analyst reports. UBS Group lowered their price target on Marriott International from $267.00 to $244.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 13th. Sanford C. Bernstein raised Marriott International from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $247.00 to $262.00 in a research report on Thursday, August 29th. Susquehanna initiated coverage on Marriott International in a research report on Friday, June 21st. They set a “neutral” rating and a $255.00 price target on the stock. Barclays boosted their price target on Marriott International from $240.00 to $251.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 17th. Finally, Morgan Stanley lowered their price target on Marriott International from $268.00 to $250.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. Thirteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $246.18.

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, City Express by Marriott, and St.