Mercer Global Advisors Inc. ADV Acquires 2,711 Shares of Marriott International, Inc. (NASDAQ:MAR)

Mercer Global Advisors Inc. ADV grew its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 8.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 36,252 shares of the company’s stock after buying an additional 2,711 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Marriott International were worth $8,765,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BDF Gestion bought a new position in shares of Marriott International in the 2nd quarter worth approximately $3,013,000. Parnassus Investments LLC lifted its position in Marriott International by 0.3% during the fourth quarter. Parnassus Investments LLC now owns 2,457,382 shares of the company’s stock valued at $554,164,000 after buying an additional 7,135 shares during the period. Redwood Investment Management LLC boosted its holdings 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 buying an additional 18,192 shares in the last quarter. CWM LLC lifted its position in Marriott International by 518.7% during the 2nd quarter. CWM LLC now owns 47,519 shares of the company’s stock valued at $11,489,000 after acquiring an additional 39,839 shares during the period. Finally, Stifel Financial Corp grew its holdings 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 purchasing an additional 4,247 shares during the period. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Sanford C. Bernstein raised Marriott International from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $247.00 to $262.00 in a research report on Thursday, August 29th. Wells Fargo & Company cut their target price on Marriott International from $248.00 to $238.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 1st. Morgan Stanley lowered their price target on Marriott International from $268.00 to $250.00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. JPMorgan Chase & Co. increased their price objective 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. Finally, Robert W. Baird decreased their target price on shares of Marriott International from $252.00 to $245.00 and set a “neutral” rating for the company in a report on Thursday, August 1st. Thirteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $247.33.

Marriott International Stock Down 0.0 %

Marriott International stock opened at $244.39 on Friday. The business has a 50-day simple moving average of $229.80 and a two-hundred day simple moving average of $237.88. Marriott International, Inc. has a 52-week low of $180.75 and a 52-week high of $260.57. The company has a market cap of $69.80 billion, a P/E ratio of 25.22, a P/E/G ratio of 5.34 and a beta of 1.59.

Marriott International (NASDAQ:MAR) last announced its 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. Marriott International had a net margin of 12.01% and a negative return on equity of 239.60%. The business had revenue of $6.44 billion during the quarter, compared to analysts’ expectations of $6.47 billion. During the same period in the prior year, the company earned $2.26 earnings per share. The firm’s revenue was up 6.0% on a year-over-year basis. Research analysts anticipate that Marriott International, Inc. will post 9.37 EPS for the current fiscal 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%.

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.