Edgestream Partners L.P. Has $1.25 Million Position in Marriott International, Inc. (NASDAQ:MAR)

Edgestream Partners L.P. lowered its holdings in Marriott International, Inc. (NASDAQ:MAR) by 81.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,171 shares of the company’s stock after selling 22,212 shares during the quarter. Edgestream Partners L.P.’s holdings in Marriott International were worth $1,250,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Citizens Financial Group Inc. RI lifted its stake in Marriott International by 0.6% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 45,521 shares of the company’s stock valued at $11,006,000 after acquiring an additional 287 shares in the last quarter. One Capital Management LLC raised its stake in shares of Marriott International by 37.6% during the 2nd quarter. One Capital Management LLC now owns 2,066 shares of the company’s stock worth $499,000 after purchasing an additional 565 shares during the period. Dimensional Fund Advisors LP raised its stake 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 worth $164,355,000 after purchasing an additional 33,149 shares during the period. Angeles Investment Advisors LLC bought a new stake in shares of Marriott International during the 2nd quarter worth $320,000. Finally, Quilter Plc raised its stake in shares of Marriott International by 9.5% during the 2nd quarter. Quilter Plc now owns 170,197 shares of the company’s stock worth $41,149,000 after purchasing an additional 14,708 shares during the period. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Stock Performance

MAR 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 business’s 50-day moving average is $229.80 and its two-hundred day moving average is $237.88. The company has a market cap of $69.80 billion, a price-to-earnings ratio of 25.22, a P/E/G ratio of 5.34 and a beta of 1.59.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $2.50 EPS 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 firm had revenue of $6.44 billion for the quarter, compared to the consensus estimate of $6.47 billion. During the same quarter last year, the company earned $2.26 earnings per share. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. Equities analysts predict that Marriott International, Inc. will post 9.37 earnings per share for the current year.

Marriott International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 16th will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend is Friday, August 16th. Marriott International’s dividend payout ratio (DPR) is currently 26.01%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft lowered their target price on Marriott International from $222.00 to $216.00 and set a “hold” rating on the stock in a research note on Thursday, August 1st. JPMorgan Chase & Co. boosted their price objective on Marriott International from $235.00 to $255.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. UBS Group lowered their price objective on Marriott International from $267.00 to $244.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 13th. Barclays boosted their price objective on Marriott International from $240.00 to $251.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 17th. Finally, Macquarie reaffirmed a “neutral” rating and set a $245.00 target price on shares of Marriott International in a report on Friday, August 2nd. Thirteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $247.33.

Marriott International Company 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.