HighPoint Advisor Group LLC Buys New Shares in Marriott International, Inc. (NASDAQ:MAR)

HighPoint Advisor Group LLC bought a new stake in Marriott International, Inc. (NASDAQ:MARFree Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,093 shares of the company’s stock, valued at approximately $923,000.

Other hedge funds have also added to or reduced their stakes in the company. Caprock Group LLC lifted its stake in shares of Marriott International by 255.1% during the 4th quarter. Caprock Group LLC now owns 11,781 shares of the company’s stock worth $2,657,000 after buying an additional 8,463 shares during the last quarter. Parnassus Investments LLC lifted its stake in shares of Marriott International by 0.3% during the 4th quarter. Parnassus Investments LLC now owns 2,457,382 shares of the company’s stock worth $554,164,000 after buying an additional 7,135 shares during the last quarter. Redwood Investment Management LLC lifted its stake 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 worth $6,072,000 after buying an additional 18,192 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of Marriott International by 3.5% during the 4th 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 during the last quarter. Finally, Cerity Partners LLC lifted its stake in shares of Marriott International by 86.8% during the 4th quarter. Cerity Partners LLC now owns 44,957 shares of the company’s stock worth $10,138,000 after buying an additional 20,890 shares during the last quarter. Institutional investors own 70.70% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on MAR. Barclays boosted their price objective on shares of Marriott International from $239.00 to $240.00 and gave the company an “equal weight” rating in a report on Friday, April 19th. Argus boosted their target price on shares of Marriott International from $270.00 to $280.00 and gave the company a “buy” rating in a research report on Tuesday, March 19th. Robert W. Baird boosted their target price on shares of Marriott International from $248.00 to $250.00 and gave the company a “neutral” rating in a research report on Thursday, May 2nd. Mizuho boosted their target price on shares of Marriott International from $260.00 to $265.00 and gave the company a “neutral” rating in a research report on Thursday, May 2nd. Finally, BMO Capital Markets upped their price objective on shares of Marriott International from $235.00 to $240.00 and gave the stock a “market perform” rating in a research report on Thursday, May 2nd. Eleven investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $241.33.

Check Out Our Latest Report on Marriott International

Marriott International Price Performance

NASDAQ:MAR traded down $1.36 on Tuesday, reaching $243.34. 201,892 shares of the company’s stock were exchanged, compared to its average volume of 1,403,322. The stock has a fifty day simple moving average of $238.09 and a 200-day simple moving average of $237.25. Marriott International, Inc. has a 52 week low of $170.03 and a 52 week high of $260.57. The firm has a market cap of $69.50 billion, a price-to-earnings ratio of 25.25, a P/E/G ratio of 4.52 and a beta of 1.60.

Marriott International (NASDAQ:MARGet Free Report) last released its quarterly earnings data on Wednesday, May 1st. The company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). Marriott International had a net margin of 12.00% and a negative return on equity of 376.88%. The firm had revenue of $5.98 billion during the quarter, compared to the consensus estimate of $5.95 billion. During the same quarter last year, the business posted $2.09 earnings per share. Marriott International’s revenue was up 6.4% compared to the same quarter last year. As a group, sell-side analysts predict that Marriott International, Inc. will post 9.53 EPS for the current year.

Marriott International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 24th will be paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This is an increase from Marriott International’s previous quarterly dividend of $0.52. This represents a $2.52 annualized dividend and a dividend yield of 1.04%. Marriott International’s dividend payout ratio (DPR) is 26.01%.

About Marriott International

(Free Report)

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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.

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Institutional Ownership by Quarter for Marriott International (NASDAQ:MAR)

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