Hennion & Walsh Asset Management Inc. Takes Position in Marriott International, Inc. (NASDAQ:MAR)

Hennion & Walsh Asset Management Inc. bought a new stake in Marriott International, Inc. (NASDAQ:MAR) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,786 shares of the company’s stock, valued at approximately $703,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of MAR. Roble Belko & Company Inc grew its stake in Marriott International by 845.5% during the first quarter. Roble Belko & Company Inc now owns 104 shares of the company’s stock worth $26,000 after buying an additional 93 shares during the period. ORG Partners LLC lifted its stake in shares of 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 in the last quarter. Keener Financial Planning LLC acquired a new stake in shares of Marriott International in the fourth quarter valued at about $30,000. Anchor Investment Management LLC purchased a new position in Marriott International in the 4th quarter worth approximately $31,000. Finally, Wetzel Investment Advisors Inc. purchased a new stake in shares of Marriott International during the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MAR. Wells Fargo & Company dropped their price target on shares of Marriott International from $250.00 to $248.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 2nd. Barclays raised their price objective 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. Argus increased their target price on Marriott International from $270.00 to $280.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. Susquehanna assumed coverage on shares of Marriott International in a report on Friday, June 21st. They issued a “neutral” rating and a $255.00 price target on the stock. Finally, Robert W. Baird boosted their target price on shares of Marriott International from $248.00 to $250.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. Twelve equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Marriott International currently has an average rating of “Hold” and a consensus price target of $242.19.

Marriott International Price Performance

Shares of NASDAQ MAR opened at $239.98 on Wednesday. Marriott International, Inc. has a 1-year low of $178.24 and a 1-year high of $260.57. The firm has a market capitalization of $68.54 billion, a PE ratio of 24.76, a P/E/G ratio of 4.55 and a beta of 1.60. The business’s fifty day moving average price is $237.45 and its two-hundred day moving average price is $239.46.

Marriott International (NASDAQ:MAR) last issued 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). Marriott International had a net margin of 12.00% and a negative return on equity of 376.88%. The firm had revenue of $5.98 billion during the quarter, compared to the consensus estimate of $5.95 billion. During the same quarter in the prior year, the business earned $2.09 earnings per share. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. Equities research analysts expect that Marriott International, Inc. will post 9.55 earnings per share for the current fiscal year.

Marriott International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, May 24th were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date was Thursday, May 23rd. This is a positive change from Marriott International’s previous quarterly dividend of $0.52. Marriott International’s payout ratio is 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.