Elo Mutual Pension Insurance Co Sells 1,557 Shares of Marriott International, Inc. (NASDAQ:MAR)

Elo Mutual Pension Insurance Co lessened its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 6.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,253 shares of the company’s stock after selling 1,557 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Marriott International were worth $5,138,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Blair William & Co. IL grew its position in shares of Marriott International by 30.2% in the 2nd quarter. Blair William & Co. IL now owns 34,756 shares of the company’s stock worth $8,403,000 after buying an additional 8,066 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in Marriott International by 3.7% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 23,405 shares of the company’s stock valued at $5,165,000 after acquiring an additional 845 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in Marriott International by 8.1% in the second quarter. Mercer Global Advisors Inc. ADV now owns 36,252 shares of the company’s stock worth $8,765,000 after purchasing an additional 2,711 shares during the last quarter. Lingotto Investment Management LLP increased its position in shares of Marriott International by 9.6% during the second quarter. Lingotto Investment Management LLP now owns 28,713 shares of the company’s stock worth $6,942,000 after purchasing an additional 2,515 shares in the last quarter. Finally, L & S Advisors Inc boosted its position in shares of Marriott International by 8.0% in the 2nd quarter. L & S Advisors Inc now owns 11,070 shares of the company’s stock worth $2,676,000 after purchasing an additional 819 shares in the last quarter. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MAR has been the subject of a number of research analyst reports. JPMorgan Chase & Co. increased their price target on Marriott International from $235.00 to $255.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Sanford C. Bernstein raised shares of Marriott International from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $247.00 to $262.00 in a research report on Thursday, August 29th. Wells Fargo & Company dropped 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 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 for the company in a research note on Tuesday, August 13th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price 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. Thirteen analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $247.33.

Marriott International Stock Performance

NASDAQ:MAR opened at $238.74 on Thursday. The company has a fifty day moving average of $229.67 and a two-hundred day moving average of $237.85. Marriott International, Inc. has a fifty-two week low of $180.75 and a fifty-two week high of $260.57. The stock has a market capitalization of $68.19 billion, a PE ratio of 24.64, a P/E/G 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, beating analysts’ consensus estimates of $2.49 by $0.01. Marriott International had a net margin of 12.01% and a negative return on equity of 239.60%. The firm had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6.47 billion. During the same period last year, the company posted $2.26 EPS. Marriott International’s quarterly revenue was up 6.0% compared to the same quarter last year. Research analysts forecast that Marriott International, Inc. will post 9.37 earnings per share for the current year.

Marriott International Dividend Announcement

The company 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. The ex-dividend date is Friday, August 16th. This represents a $2.52 dividend on an annualized basis and a yield of 1.06%. Marriott International’s payout ratio is currently 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.