Miracle Mile Advisors LLC Grows Stock Position in Marriott International, Inc. (NASDAQ:MAR)

Miracle Mile Advisors LLC raised its position in Marriott International, Inc. (NASDAQ:MAR) by 10.1% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 3,027 shares of the company’s stock after buying an additional 278 shares during the quarter. Miracle Mile Advisors LLC’s holdings in Marriott International were worth $752,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Stephens Inc. AR grew its holdings in Marriott International by 7.5% during the fourth quarter. Stephens Inc. AR now owns 4,190 shares of the company’s stock worth $945,000 after acquiring an additional 293 shares during the period. Cresset Asset Management LLC grew its stake in shares of Marriott International by 3.9% during the 4th quarter. Cresset Asset Management LLC now owns 53,378 shares of the company’s stock worth $12,037,000 after purchasing an additional 2,016 shares during the period. Symmetry Investments LP purchased a new position in shares of Marriott International in the 4th quarter valued at about $297,000. First Financial Bankshares Inc purchased a new stake in Marriott International during the fourth quarter worth about $616,000. Finally, Redwood Investment Management LLC increased its holdings in Marriott International by 208.3% in the fourth quarter. Redwood Investment Management LLC now owns 26,927 shares of the company’s stock valued at $6,072,000 after buying an additional 18,192 shares in the last quarter. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Marriott International Price Performance

Shares of MAR stock opened at $256.58 on Wednesday. Marriott International, Inc. has a 1-year low of $180.75 and a 1-year high of $260.57. The firm’s 50-day simple moving average is $231.29 and its 200-day simple moving average is $237.70. The firm has a market cap of $73.28 billion, a P/E ratio of 26.48, a PEG ratio of 5.68 and a beta of 1.59.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.49 by $0.01. The company had revenue of $6.44 billion during 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 business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the company earned $2.26 EPS. 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 announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 16th were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date was Friday, August 16th. Marriott International’s dividend payout ratio (DPR) is presently 26.01%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. The Goldman Sachs Group initiated coverage on Marriott International in a report on Wednesday, September 18th. They issued a “buy” rating and a $267.00 price target on the stock. Robert W. Baird dropped their price target on Marriott International from $252.00 to $245.00 and set a “neutral” rating for the company in a research report on Thursday, August 1st. UBS Group lowered their price objective on shares of Marriott International from $267.00 to $244.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 13th. Macquarie restated a “neutral” rating and set a $245.00 target price on shares of Marriott International in a research report on Friday, August 2nd. Finally, JPMorgan Chase & Co. increased their price target on shares of Marriott International from $235.00 to $255.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. Twelve analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $248.65.

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.