MQS Management LLC Invests $255,000 in Marriott International, Inc. (NASDAQ:MAR)

MQS Management LLC purchased a new stake in shares of Marriott International, Inc. (NASDAQ:MAR) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,055 shares of the company’s stock, valued at approximately $255,000.

Several other hedge funds have also bought and sold shares of the business. BDF Gestion bought a new stake in shares of Marriott International in the 2nd quarter worth approximately $3,013,000. Parnassus Investments LLC grew 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 last quarter. Redwood Investment Management LLC increased its holdings in shares of Marriott International by 208.3% during the fourth quarter. Redwood Investment Management LLC now owns 26,927 shares of the company’s stock valued at $6,072,000 after acquiring an additional 18,192 shares in the last quarter. CWM LLC raised its position in shares of Marriott International by 518.7% in the 2nd quarter. CWM LLC now owns 47,519 shares of the company’s stock worth $11,489,000 after purchasing an additional 39,839 shares during the last quarter. Finally, Stifel Financial Corp boosted its stake in Marriott International by 3.5% in the 4th quarter. Stifel Financial Corp now owns 124,569 shares of the company’s stock worth $28,092,000 after purchasing an additional 4,247 shares in the last quarter. Institutional investors own 70.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Morgan Stanley decreased their target price on shares of Marriott International from $268.00 to $250.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. Macquarie reaffirmed a “neutral” rating and issued a $245.00 price objective on shares of Marriott International in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft decreased their price target on Marriott International from $222.00 to $216.00 and set a “hold” rating for the company in a research note on Thursday, August 1st. Robert W. Baird dropped their price objective on Marriott International from $252.00 to $245.00 and set a “neutral” rating on the stock in a research report on Thursday, August 1st. Finally, Sanford C. Bernstein raised Marriott International from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $247.00 to $262.00 in a research report on Thursday, August 29th. Thirteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Marriott International presently has a consensus rating of “Hold” and a consensus price target of $247.33.

Marriott International Stock Performance

Shares of Marriott International stock opened at $244.39 on Friday. Marriott International, Inc. has a one year low of $180.75 and a one year high of $260.57. The stock has a market cap of $69.80 billion, a P/E ratio of 25.22, a P/E/G ratio of 5.34 and a beta of 1.59. The stock’s fifty day moving average is $229.80 and its 200 day moving average is $237.88.

Marriott International (NASDAQ:MAR) last released its 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 analysts’ expectations of $6.47 billion. Marriott International had a net margin of 12.01% and a negative return on equity of 239.60%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the business earned $2.26 EPS. Analysts predict that Marriott International, Inc. will post 9.37 EPS for the current year.

Marriott International Dividend Announcement

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