Mutual of America Capital Management LLC Lowers Position in Marriott International, Inc. (NASDAQ:MAR)

Mutual of America Capital Management LLC trimmed its stake in Marriott International, Inc. (NASDAQ:MAR) by 6.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,278 shares of the company’s stock after selling 2,087 shares during the period. Mutual of America Capital Management LLC’s holdings in Marriott International were worth $7,320,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. BDF Gestion purchased a new stake in shares of Marriott International during the 2nd quarter valued at $3,013,000. Parnassus Investments LLC lifted its stake in Marriott International by 0.3% during the fourth 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 during the last quarter. Redwood Investment Management LLC increased its position in shares of Marriott International by 208.3% during the 4th quarter. Redwood Investment Management LLC now owns 26,927 shares of the company’s stock valued at $6,072,000 after purchasing an additional 18,192 shares during the last quarter. CWM LLC lifted its position in Marriott International by 518.7% in the 2nd quarter. CWM LLC now owns 47,519 shares of the company’s stock worth $11,489,000 after buying an additional 39,839 shares during the last quarter. Finally, Stifel Financial Corp boosted its stake in Marriott International by 3.5% in the fourth quarter. Stifel Financial Corp now owns 124,569 shares of the company’s stock worth $28,092,000 after buying an additional 4,247 shares in the last quarter. 70.70% of the stock is owned by hedge funds and other institutional investors.

Marriott International Stock Performance

Shares of NASDAQ:MAR opened at $244.46 on Friday. The stock has a 50 day moving average price of $229.76 and a 200-day moving average price of $237.90. The firm has a market capitalization of $69.82 billion, a P/E ratio of 25.23, a P/E/G ratio of 5.34 and a beta of 1.59. Marriott International, Inc. has a 52-week low of $180.75 and a 52-week high of $260.57.

Marriott International (NASDAQ:MAR) last released its earnings results on Wednesday, July 31st. The company reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.49 by $0.01. The firm had revenue of $6.44 billion for the quarter, compared to the consensus estimate 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 revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.26 EPS. On average, equities analysts forecast that Marriott International, Inc. will post 9.37 EPS for the current fiscal year.

Marriott International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors 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 of this dividend is Friday, August 16th. Marriott International’s dividend payout ratio (DPR) is presently 26.01%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on MAR. JPMorgan Chase & Co. boosted their price objective on shares of Marriott International from $235.00 to $255.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. Sanford C. Bernstein upgraded shares of Marriott International from a “market perform” rating to an “outperform” rating and upped their price target for the company from $247.00 to $262.00 in a research report on Thursday, August 29th. Susquehanna started coverage on Marriott International in a research note on Friday, June 21st. They issued a “neutral” rating and a $255.00 target price for the company. Deutsche Bank Aktiengesellschaft reduced their price target on Marriott International from $222.00 to $216.00 and set a “hold” rating on the stock in a research report on Thursday, August 1st. Finally, Morgan Stanley dropped their price objective on Marriott International from $268.00 to $250.00 and set an “overweight” rating for the company in a research note on Tuesday, August 6th. Thirteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $247.33.

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.