Skandinaviska Enskilda Banken AB publ Acquires 305 Shares of Marriott International, Inc. (NASDAQ:MAR)

Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 0.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,418 shares of the company’s stock after purchasing an additional 305 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Marriott International were worth $12,426,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in shares of Marriott International by 1.8% in the 1st quarter. JPMorgan Chase & Co. now owns 10,616,899 shares of the company’s stock worth $2,678,750,000 after buying an additional 192,652 shares during the last quarter. Capital International Investors lifted its stake in Marriott International by 4.7% during the first quarter. Capital International Investors now owns 3,296,879 shares of the company’s stock worth $831,836,000 after purchasing an additional 149,378 shares during the last quarter. Parnassus Investments LLC boosted its holdings in shares of Marriott International by 0.3% in the 4th quarter. Parnassus Investments LLC now owns 2,457,382 shares of the company’s stock worth $554,164,000 after purchasing an additional 7,135 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Marriott International by 5.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 679,757 shares of the company’s stock valued at $164,355,000 after purchasing an additional 33,149 shares during the last quarter. Finally, Harbor Investment Advisory LLC lifted its position in Marriott International by 11.9% in the 1st quarter. Harbor Investment Advisory LLC now owns 635,202 shares of the company’s stock worth $160,268,000 after buying an additional 67,659 shares during the last quarter. 70.70% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Macquarie reissued a “neutral” rating and set a $245.00 price target on shares of Marriott International in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Marriott International from $222.00 to $216.00 and set a “hold” rating for the company in a research note on Thursday, August 1st. Susquehanna initiated coverage on Marriott International in a report on Friday, June 21st. They issued a “neutral” rating and a $255.00 price objective on the stock. Barclays increased their target price on Marriott International from $240.00 to $251.00 and gave the company an “equal weight” rating in a report on Wednesday, July 17th. Finally, Sanford C. Bernstein raised Marriott International from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $247.00 to $262.00 in a research note on Thursday, August 29th. Thirteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $248.65.

Marriott International Stock Performance

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 stock’s 50 day simple moving average is $229.80 and its two-hundred day simple moving average is $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 results on Wednesday, July 31st. The company reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.49 by $0.01. Marriott International had a negative return on equity of 239.60% and a net margin of 12.01%. The company had revenue of $6.44 billion for the quarter, compared to analysts’ expectations of $6.47 billion. During the same period in the prior year, the firm earned $2.26 earnings per share. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, analysts predict that Marriott International, Inc. will post 9.37 earnings per share for the current year.

Marriott International Announces Dividend

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