Quest Investment Management LLC Purchases New Position in Marriott International, Inc. (NASDAQ:MAR)

Quest Investment Management LLC acquired 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 Securities & Exchange Commission. The firm acquired 18,559 shares of the company’s stock, valued at approximately $4,487,000.

Several other large investors have also made changes to their positions in MAR. Capital International Investors boosted its stake in Marriott International by 42.2% in the fourth quarter. Capital International Investors now owns 3,147,501 shares of the company’s stock worth $709,793,000 after purchasing an additional 934,304 shares in the last quarter. Global Assets Advisory LLC acquired a new position in Marriott International during the 1st quarter worth about $153,697,000. Public Employees Retirement Association of Colorado increased its position in Marriott International by 557.2% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 496,505 shares of the company’s stock valued at $111,967,000 after acquiring an additional 420,962 shares in the last quarter. Pathstone Holdings LLC acquired a new position in shares of Marriott International during the fourth quarter worth approximately $46,187,000. Finally, JPMorgan Chase & Co. increased its holdings 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 valued at $2,678,750,000 after purchasing an additional 192,652 shares in the last quarter. Institutional investors own 70.70% of the company’s stock.

Marriott International Stock Performance

NASDAQ 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 business has a 50 day simple moving average of $229.80 and a 200 day simple moving average of $237.81. The stock has a market cap of $69.80 billion, a price-to-earnings ratio of 25.22, a PEG ratio of 5.34 and a beta of 1.59.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.49 by $0.01. The business 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%. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the business posted $2.26 earnings per share. On average, analysts predict that Marriott International, Inc. will post 9.37 EPS for the current year.

Marriott International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 16th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date is Friday, August 16th. Marriott International’s dividend payout ratio (DPR) is currently 26.01%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on MAR shares. Macquarie reaffirmed a “neutral” rating and set a $245.00 price target on shares of Marriott International in a research note on Friday, August 2nd. Wells Fargo & Company reduced their target price on shares of Marriott International from $248.00 to $238.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 1st. The Goldman Sachs Group began coverage on shares of Marriott International in a research note on Wednesday. They set a “buy” rating and a $267.00 price target for the company. Robert W. Baird lowered their target price on shares of Marriott International from $252.00 to $245.00 and set a “neutral” rating for the company in a report on Thursday, August 1st. Finally, UBS Group cut their price target on Marriott International from $267.00 to $244.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 13th. Thirteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Marriott International currently has a consensus rating of “Hold” and an average price target of $248.65.

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.