Ieq Capital LLC Raises Position in Marriott International, Inc. (NASDAQ:MAR)

Ieq Capital LLC increased its stake in Marriott International, Inc. (NASDAQ:MAR) by 5.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,754 shares of the company’s stock after purchasing an additional 851 shares during the quarter. Ieq Capital LLC’s holdings in Marriott International were worth $4,051,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of MAR. JPMorgan Chase & Co. increased its stake in shares of Marriott International by 1.8% in the first quarter. JPMorgan Chase & Co. now owns 10,616,899 shares of the company’s stock worth $2,678,750,000 after purchasing an additional 192,652 shares in the last quarter. Capital International Investors raised its holdings in Marriott International by 4.7% during the first quarter. Capital International Investors now owns 3,296,879 shares of the company’s stock valued at $831,836,000 after acquiring an additional 149,378 shares during the period. Parnassus Investments LLC boosted its stake in shares of Marriott International by 0.3% in the fourth quarter. Parnassus Investments LLC now owns 2,457,382 shares of the company’s stock worth $554,164,000 after acquiring an additional 7,135 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Marriott International by 5.1% during the second quarter. Dimensional Fund Advisors LP now owns 679,757 shares of the company’s stock worth $164,355,000 after purchasing an additional 33,149 shares in the last quarter. Finally, Harbor Investment Advisory LLC raised its stake in Marriott International by 11.9% during the 1st quarter. Harbor Investment Advisory LLC now owns 635,202 shares of the company’s stock valued at $160,268,000 after purchasing an additional 67,659 shares during the period. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on MAR shares. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Marriott International from $222.00 to $216.00 and set a “hold” rating for the company in a report on Thursday, August 1st. Robert W. Baird cut their target price on shares of Marriott International from $252.00 to $245.00 and set a “neutral” rating for the company in a research note on Thursday, August 1st. Sanford C. Bernstein upgraded shares of Marriott International from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $247.00 to $262.00 in a research note on Thursday, August 29th. The Goldman Sachs Group assumed coverage on Marriott International in a research report on Wednesday. They set a “buy” rating and a $267.00 price objective for the company. Finally, Wells Fargo & Company decreased their target price on Marriott International from $248.00 to $238.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 1st. Thirteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $247.33.

Marriott International Stock Down 0.0 %

Shares of MAR opened at $244.39 on Friday. Marriott International, Inc. has a 52-week low of $180.75 and a 52-week high of $260.57. The company has a market cap of $69.80 billion, a PE ratio of 25.22, a P/E/G ratio of 5.34 and a beta of 1.59. The business has a fifty day moving average of $229.80 and a 200 day moving average of $237.88.

Marriott International (NASDAQ:MAR) last released 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. Marriott International had a net margin of 12.01% and a negative return on equity of 239.60%. The firm had revenue of $6.44 billion during the quarter, compared to analysts’ expectations of $6.47 billion. During the same period in the previous year, the company earned $2.26 EPS. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, research analysts anticipate that Marriott International, Inc. will post 9.37 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 16th will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Friday, August 16th. Marriott International’s dividend 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, City Express by Marriott, and St.