Marriott International, Inc. (NASDAQ:MAR) Stock Holdings Lifted by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its position in Marriott International, Inc. (NASDAQ:MAR) by 5.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 679,757 shares of the company’s stock after acquiring an additional 33,149 shares during the period. Dimensional Fund Advisors LP owned about 0.24% of Marriott International worth $164,355,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. grew its position in Marriott International by 1.8% during the first quarter. JPMorgan Chase & Co. now owns 10,616,899 shares of the company’s stock valued at $2,678,750,000 after purchasing an additional 192,652 shares in the last quarter. Capital International Investors grew its position 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 purchasing an additional 149,378 shares in the last quarter. Parnassus Investments LLC grew its position in Marriott International by 0.3% during the fourth quarter. Parnassus Investments LLC now owns 2,457,382 shares of the company’s stock valued at $554,164,000 after purchasing an additional 7,135 shares in the last quarter. Harbor Investment Advisory LLC grew its position in Marriott International by 11.9% during the first 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 in the last quarter. Finally, First Pacific Advisors LP grew its position in Marriott International by 2.1% during the second quarter. First Pacific Advisors LP now owns 613,205 shares of the company’s stock valued at $148,255,000 after purchasing an additional 12,499 shares in the last quarter. 70.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MAR. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Marriott International from $222.00 to $216.00 and set a “hold” rating on the stock in a research report on Thursday, August 1st. Sanford C. Bernstein upgraded shares of Marriott International from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $247.00 to $262.00 in a research note on Thursday, August 29th. Robert W. Baird reduced 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. Susquehanna initiated coverage on shares of Marriott International in a research note on Friday, June 21st. They issued a “neutral” rating and a $255.00 target price for the company. Finally, Wells Fargo & Company reduced their target price on shares of Marriott International from $248.00 to $238.00 and set an “equal weight” rating for the company in a research note on Thursday, August 1st. Thirteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $247.33.

Marriott International Price Performance

Shares of Marriott International stock opened at $244.39 on Friday. Marriott International, Inc. has a fifty-two week low of $180.75 and a fifty-two week high of $260.57. The firm has a fifty day moving average price of $229.80 and a two-hundred day moving average price of $237.88. The company has a market cap of $69.80 billion, a PE ratio of 25.22, a price-to-earnings-growth ratio of 5.34 and a beta of 1.59.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $2.50 earnings per share for the quarter, beating 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 the consensus estimate of $6.47 billion. During the same period in the prior year, the firm earned $2.26 EPS. The business’s revenue was up 6.0% on a year-over-year basis. Analysts expect that Marriott International, Inc. will post 9.37 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 16th will be paid a $0.63 dividend. 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 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.