Marriott International, Inc. (NASDAQ:MAR) Shares Acquired by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd raised its position in Marriott International, Inc. (NASDAQ:MAR) by 0.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,274 shares of the company’s stock after acquiring an additional 129 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Marriott International were worth $5,367,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MAR. ORG Partners LLC lifted its stake in Marriott International by 72.6% during the fourth quarter. ORG Partners LLC now owns 126 shares of the company’s stock worth $29,000 after purchasing an additional 53 shares during the last quarter. Keener Financial Planning LLC acquired a new position in shares of Marriott International in the 4th quarter valued at $30,000. Anchor Investment Management LLC purchased a new position in shares of Marriott International in the 4th quarter valued at $31,000. Wetzel Investment Advisors Inc. acquired a new stake in Marriott International during the 4th quarter worth $33,000. Finally, Private Wealth Management Group LLC purchased a new stake in Marriott International in the fourth quarter valued at $33,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Stock Down 0.2 %

NASDAQ:MAR opened at $243.53 on Friday. The company 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. Marriott International, Inc. has a 52-week low of $170.03 and a 52-week high of $260.57. The stock has a fifty day simple moving average of $237.19 and a 200-day simple moving average of $238.06.

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

Marriott International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 24th will be issued a $0.63 dividend. This is a boost 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 payout ratio is 26.01%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. UBS Group boosted their target price on Marriott International from $210.00 to $259.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. Barclays lifted their target price on shares of Marriott International from $239.00 to $240.00 and gave the company an “equal weight” rating in a report on Friday, April 19th. Robert W. Baird increased their price target on shares of Marriott International from $248.00 to $250.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. Argus lifted their price objective on shares of Marriott International from $270.00 to $280.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. Finally, Susquehanna began coverage on shares of Marriott International in a research note on Friday. They set a “neutral” rating and a $255.00 target price for the company. Twelve analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $242.19.

Marriott International 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.