Marriott International, Inc. (NASDAQ:MAR) Shares Purchased by Miracle Mile Advisors LLC

Miracle Mile Advisors LLC increased its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 29.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,700 shares of the company’s stock after acquiring an additional 619 shares during the period. Miracle Mile Advisors LLC’s holdings in Marriott International were worth $681,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Federated Hermes Inc. lifted its position in shares of Marriott International by 178.1% in the third quarter. Federated Hermes Inc. now owns 2,222 shares of the company’s stock valued at $437,000 after acquiring an additional 1,423 shares in the last quarter. Mutual Advisors LLC lifted its position in shares of Marriott International by 9.7% in the third quarter. Mutual Advisors LLC now owns 1,201 shares of the company’s stock valued at $236,000 after acquiring an additional 106 shares in the last quarter. Lazard Asset Management LLC lifted its position in shares of Marriott International by 55.0% in the third quarter. Lazard Asset Management LLC now owns 6,288 shares of the company’s stock valued at $1,235,000 after acquiring an additional 2,231 shares in the last quarter. Truist Financial Corp lifted its position in shares of Marriott International by 76.7% in the third quarter. Truist Financial Corp now owns 91,554 shares of the company’s stock valued at $17,996,000 after acquiring an additional 39,746 shares in the last quarter. Finally, Glenmede Trust Co. NA lifted its position in shares of Marriott International by 4.7% in the third quarter. Glenmede Trust Co. NA now owns 28,214 shares of the company’s stock valued at $5,546,000 after acquiring an additional 1,278 shares in the last quarter. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Robert W. Baird lifted their price objective on Marriott International from $248.00 to $250.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. Argus lifted their price objective on Marriott International from $270.00 to $280.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Susquehanna assumed coverage on Marriott International in a research report on Friday, June 21st. They set a “neutral” rating and a $255.00 price objective on the stock. Barclays lifted their price objective on Marriott International from $239.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Friday, April 19th. Finally, Wells Fargo & Company reduced their price objective on Marriott International from $250.00 to $248.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 2nd. Twelve research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $242.19.

Marriott International Trading Down 0.9 %

Shares of NASDAQ MAR opened at $239.51 on Tuesday. Marriott International, Inc. has a twelve month low of $178.24 and a twelve month high of $260.57. The stock has a fifty day simple moving average of $237.41 and a 200-day simple moving average of $239.33. The stock has a market capitalization of $68.41 billion, a PE ratio of 24.72, a PEG ratio of 4.55 and a beta of 1.60.

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

Marriott International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, May 24th were paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.05%. This is a boost from Marriott International’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Thursday, May 23rd. Marriott International’s payout ratio is presently 26.01%.

About Marriott International

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.