Perpetual Ltd Buys 77 Shares of Marriott International, Inc. (NASDAQ:MAR)

Perpetual Ltd lifted its stake in Marriott International, Inc. (NASDAQ:MAR) by 5.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,441 shares of the company’s stock after buying an additional 77 shares during the period. Perpetual Ltd’s holdings in Marriott International were worth $364,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in MAR. Morgan Stanley lifted its stake in Marriott International by 1.4% during the third quarter. Morgan Stanley now owns 4,711,029 shares of the company’s stock worth $926,000,000 after purchasing an additional 63,411 shares during the last quarter. Jennison Associates LLC increased its holdings in shares of Marriott International by 34.8% during the fourth quarter. Jennison Associates LLC now owns 4,547,098 shares of the company’s stock worth $1,025,416,000 after buying an additional 1,173,028 shares in the last quarter. Capital International Investors increased its holdings in shares of Marriott International by 42.2% during the fourth quarter. Capital International Investors now owns 3,147,501 shares of the company’s stock worth $709,793,000 after buying an additional 934,304 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Marriott International by 0.5% during the third quarter. Northern Trust Corp now owns 2,461,649 shares of the company’s stock worth $483,862,000 after buying an additional 12,901 shares in the last quarter. Finally, Parnassus Investments LLC increased its holdings in shares of Marriott International by 0.3% during the fourth quarter. Parnassus Investments LLC now owns 2,457,382 shares of the company’s stock worth $554,164,000 after buying an additional 7,135 shares in the last quarter. 70.70% of the stock is currently owned by institutional investors.

Marriott International Price Performance

MAR stock opened at $243.53 on Friday. The stock has a market capitalization of $69.56 billion, a PE ratio of 25.13, a price-to-earnings-growth ratio of 4.59 and a beta of 1.60. The company’s 50-day moving average is $237.19 and its 200-day moving average is $237.81. Marriott International, Inc. has a 1 year low of $170.03 and a 1 year high of $260.57.

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

Marriott International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 24th will be paid a $0.63 dividend. This is a positive change from Marriott International’s previous quarterly dividend of $0.52. The ex-dividend date is Thursday, May 23rd. This represents a $2.52 annualized dividend and a yield of 1.03%. Marriott International’s dividend payout ratio (DPR) is 26.01%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Mizuho upped their price target on shares of Marriott International from $260.00 to $265.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. Barclays upped their price target on shares of Marriott International from $239.00 to $240.00 and gave the stock an “equal weight” rating in a report on Friday, April 19th. BMO Capital Markets increased their price objective on Marriott International from $235.00 to $240.00 and gave the company a “market perform” rating in a report on Thursday, May 2nd. Robert W. Baird increased their price objective on Marriott International from $248.00 to $250.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. Finally, Wells Fargo & Company decreased their price objective on Marriott International from $250.00 to $248.00 and set an “equal weight” rating for the company in a report on Thursday, May 2nd. Twelve research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $242.19.

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.