Apella Capital LLC Purchases Shares of 906 Marriott International, Inc. (NASDAQ:MAR)

Apella Capital LLC acquired a new stake in Marriott International, Inc. (NASDAQ:MAR) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 906 shares of the company’s stock, valued at approximately $225,000.

A number of other institutional investors also recently bought and sold shares of the business. Bangor Savings Bank increased its stake in Marriott International by 131.1% in the second quarter. Bangor Savings Bank now owns 104 shares of the company’s stock valued at $25,000 after purchasing an additional 59 shares during the period. Roble Belko & Company Inc increased its position in Marriott International by 845.5% in the 1st quarter. Roble Belko & Company Inc now owns 104 shares of the company’s stock valued at $26,000 after acquiring an additional 93 shares during the period. Hantz Financial Services Inc. acquired a new stake in Marriott International during the 2nd quarter worth approximately $26,000. MFA Wealth Advisors LLC purchased a new position in shares of Marriott International in the 2nd quarter valued at approximately $28,000. Finally, Benjamin Edwards Inc. acquired a new position in shares of Marriott International in the first quarter valued at approximately $29,000. 70.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on MAR shares. Macquarie restated a “neutral” rating and issued a $245.00 target price on shares of Marriott International in a research note on Friday, August 2nd. Morgan Stanley lowered their price objective on Marriott International from $268.00 to $250.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. Robert W. Baird cut their target price on 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 assumed coverage on Marriott International in a report on Friday, June 21st. They set a “neutral” rating and a $255.00 price objective on the stock. Finally, Sanford C. Bernstein raised Marriott International from a “market perform” rating to an “outperform” rating and raised their target price for the company from $247.00 to $262.00 in a report 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $248.65.

Marriott International Trading Up 2.1 %

Marriott International stock traded up $5.13 during mid-day trading on Friday, hitting $254.61. 1,129,513 shares of the company’s stock were exchanged, compared to its average volume of 1,492,447. Marriott International, Inc. has a 1-year low of $180.75 and a 1-year high of $260.57. The stock has a 50 day moving average of $230.95 and a two-hundred day moving average of $237.90. The stock has a market cap of $72.72 billion, a P/E ratio of 26.28, a P/E/G ratio of 5.68 and a beta of 1.59.

Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Wednesday, July 31st. The company reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.49 by $0.01. The company 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 company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.26 earnings per share. As a group, research analysts predict that Marriott International, Inc. will post 9.37 EPS for the current fiscal year.

Marriott International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 16th were paid a $0.63 dividend. The ex-dividend date was Friday, August 16th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.99%. Marriott International’s payout ratio is 26.01%.

About Marriott International

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.