Waterfall Asset Management LLC Makes New $2.85 Million Investment in Marriott International, Inc. (NASDAQ:MAR)

Waterfall Asset Management LLC bought a new position in shares of Marriott International, Inc. (NASDAQ:MAR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,800 shares of the company’s stock, valued at approximately $2,853,000. Marriott International accounts for approximately 2.0% of Waterfall Asset Management LLC’s investment portfolio, making the stock its 8th largest holding.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Capital International Investors increased its holdings in shares of Marriott International by 42.2% in the 4th quarter. Capital International Investors now owns 3,147,501 shares of the company’s stock worth $709,793,000 after acquiring an additional 934,304 shares during the period. Global Assets Advisory LLC acquired a new stake in shares of Marriott International in the 1st quarter worth about $153,697,000. Public Employees Retirement Association of Colorado increased its holdings in shares of Marriott International by 557.2% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 496,505 shares of the company’s stock worth $111,967,000 after acquiring an additional 420,962 shares during the period. Pathstone Holdings LLC acquired a new stake in shares of Marriott International in the 4th quarter worth about $46,187,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of Marriott International by 1.8% in the 1st quarter. JPMorgan Chase & Co. now owns 10,616,899 shares of the company’s stock worth $2,678,750,000 after acquiring an additional 192,652 shares during the period. 70.70% of the stock is owned by institutional investors and hedge funds.

Marriott International Price Performance

Shares of MAR opened at $244.39 on Friday. Marriott International, Inc. has a one year low of $180.75 and a one year high of $260.57. The company has a 50-day moving average of $229.80 and a two-hundred day moving average of $237.81. The stock has a market cap of $69.80 billion, a price-to-earnings ratio of 25.22, a PEG 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, topping 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 revenue for the quarter was up 6.0% on a year-over-year basis. During the same period last year, the company posted $2.26 earnings per share. Analysts anticipate that Marriott International, Inc. will post 9.37 earnings per share for the current year.

Marriott International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 16th will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis 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 26.01%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MAR. 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 research report on Thursday, August 1st. Truist Financial decreased their target price on shares of Marriott International from $263.00 to $254.00 and set a “hold” rating for the company in a research report on Tuesday, August 6th. Macquarie reiterated a “neutral” rating and issued a $245.00 target price on shares of Marriott International in a research report on Friday, August 2nd. The Goldman Sachs Group began coverage on shares of Marriott International in a research report on Wednesday. They issued a “buy” rating and a $267.00 target price for the company. Finally, Susquehanna began coverage on shares of Marriott International in a research report on Friday, June 21st. They issued a “neutral” rating and a $255.00 target price for the company. Thirteen analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average 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.