Johnson Investment Counsel Inc. Has $601,000 Stock Position in Marriott International, Inc. (NASDAQ:MAR)

Johnson Investment Counsel Inc. boosted its position in Marriott International, Inc. (NASDAQ:MAR) by 2.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 2,488 shares of the company’s stock after purchasing an additional 55 shares during the period. Johnson Investment Counsel Inc.’s holdings in Marriott International were worth $601,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of MAR. Norges Bank acquired a new stake in Marriott International in the 4th quarter valued at about $461,525,000. Capital International Investors lifted its stake in Marriott International by 42.2% in the 4th quarter. Capital International Investors now owns 3,147,501 shares of the company’s stock valued at $709,793,000 after purchasing an additional 934,304 shares during the last quarter. Global Assets Advisory LLC acquired a new stake in Marriott International during the first quarter worth approximately $153,697,000. Public Employees Retirement Association of Colorado lifted its position in Marriott International by 557.2% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 496,505 shares of the company’s stock worth $111,967,000 after acquiring an additional 420,962 shares during the last quarter. Finally, Crake Asset Management LLP acquired a new stake in Marriott International during the fourth quarter worth approximately $64,022,000. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on MAR shares. JPMorgan Chase & Co. raised their price objective on shares of Marriott International from $235.00 to $255.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. UBS Group cut their price objective on shares of Marriott International from $267.00 to $244.00 and set a “neutral” rating for the company in a research report on Tuesday, August 13th. Wells Fargo & Company dropped their price target on shares of Marriott International from $248.00 to $238.00 and set an “equal weight” rating for the company in a research report on Thursday, August 1st. Morgan Stanley dropped their price target on shares of Marriott International from $268.00 to $250.00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. Finally, Macquarie reiterated a “neutral” rating and issued a $245.00 price target on shares of Marriott International in a research report on Friday, August 2nd. Thirteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Marriott International currently has a consensus rating of “Hold” and a consensus target price of $246.18.

Marriott International Stock Performance

Shares of NASDAQ:MAR opened at $231.74 on Friday. The firm has a market cap of $66.19 billion, a PE ratio of 23.92, a price-to-earnings-growth ratio of 5.34 and a beta of 1.59. The firm’s fifty day moving average is $229.93 and its 200-day moving average is $238.15. Marriott International, Inc. has a 52 week low of $180.75 and a 52 week high of $260.57.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.49 by $0.01. The company had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6.47 billion. Marriott International had a net margin of 12.01% and a negative return on equity of 239.60%. Marriott International’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.26 earnings per share. Sell-side analysts forecast that Marriott International, Inc. will post 9.37 EPS for the current year.

Marriott International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 16th will be issued a $0.63 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.52 annualized dividend and a yield of 1.09%. Marriott International’s payout ratio is 26.01%.

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, City Express by Marriott, and St.