Burns J W & Co. Inc. NY Buys Shares of 835 Marriott International, Inc. (NASDAQ:MAR)

Burns J W & Co. Inc. NY purchased a new position in Marriott International, Inc. (NASDAQ:MAR) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 835 shares of the company’s stock, valued at approximately $211,000.

Other large investors also recently modified their holdings of the company. Manchester Capital Management LLC grew its holdings 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 buying an additional 42 shares in the last quarter. Moody National Bank Trust Division grew its holdings in shares of Marriott International by 1.2% during the first quarter. Moody National Bank Trust Division now owns 3,673 shares of the company’s stock worth $927,000 after buying an additional 42 shares in the last quarter. Kathmere Capital Management LLC grew its holdings in shares of Marriott International by 1.2% during the first quarter. Kathmere Capital Management LLC now owns 3,599 shares of the company’s stock worth $908,000 after buying an additional 42 shares in the last quarter. Grove Bank & Trust grew its holdings in shares of Marriott International by 3.4% during the fourth quarter. Grove Bank & Trust now owns 1,307 shares of the company’s stock worth $295,000 after buying an additional 43 shares in the last quarter. Finally, 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 worth $1,743,000 after buying an additional 45 shares in the last quarter. 70.70% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on MAR shares. 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. Barclays raised their price target on Marriott International from $239.00 to $240.00 and gave the company an “equal weight” rating in a research note on Friday, April 19th. Mizuho raised their price target on Marriott International from $260.00 to $265.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Susquehanna assumed coverage on Marriott International in a research note on Friday, June 21st. They issued a “neutral” rating and a $255.00 price target for the company. Finally, BMO Capital Markets raised their price objective 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. Twelve equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $242.19.

Marriott International Trading Down 0.2 %

NASDAQ:MAR opened at $241.77 on Friday. The stock has a market cap of $69.05 billion, a P/E ratio of 24.95, a PEG ratio of 4.55 and a beta of 1.60. The stock has a 50 day simple moving average of $237.41 and a 200 day simple moving average of $239.18. Marriott International, Inc. has a 1-year low of $177.10 and a 1-year high of $260.57.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data 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). The company had revenue of $5.98 billion during the quarter, compared to analyst estimates of $5.95 billion. Marriott International had a net margin of 12.00% and a negative return on equity of 376.88%. Marriott International’s revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.09 earnings per share. As a group, sell-side analysts forecast that Marriott International, Inc. will post 9.55 EPS for the current year.

Marriott International Increases Dividend

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