Kingsview Wealth Management LLC Acquires 1,046 Shares of Marriott International, Inc. (NASDAQ:MAR)

Kingsview Wealth Management LLC raised its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 41.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,595 shares of the company’s stock after buying an additional 1,046 shares during the period. Kingsview Wealth Management LLC’s holdings in Marriott International were worth $907,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Roble Belko & Company Inc raised its position in Marriott International by 845.5% in the first quarter. Roble Belko & Company Inc now owns 104 shares of the company’s stock worth $26,000 after acquiring an additional 93 shares during the period. ORG Partners LLC lifted its position in Marriott International by 72.6% during the fourth quarter. ORG Partners LLC now owns 126 shares of the company’s stock valued at $29,000 after purchasing an additional 53 shares in the last quarter. Benjamin Edwards Inc. purchased a new stake in Marriott International in the first quarter worth about $29,000. Keener Financial Planning LLC bought a new position in shares of Marriott International during the 4th quarter valued at approximately $30,000. Finally, Wetzel Investment Advisors Inc. bought a new stake in shares of Marriott International during the 4th quarter valued at $33,000. 70.70% of the stock is owned by institutional investors.

Marriott International Trading Down 0.1 %

Shares of NASDAQ MAR traded down $0.18 during midday trading on Friday, hitting $243.91. The company’s stock had a trading volume of 1,342,586 shares, compared to its average volume of 1,635,104. The business’s 50 day moving average is $238.81 and its two-hundred day moving average is $241.21. Marriott International, Inc. has a 12-month low of $180.75 and a 12-month high of $260.57. The firm has a market cap of $69.67 billion, a P/E ratio of 25.17, a price-to-earnings-growth ratio of 4.59 and a beta of 1.60.

Marriott International (NASDAQ:MAR) last released its earnings results on Wednesday, May 1st. The company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.04). Marriott International had a negative return on equity of 376.88% and a net margin of 12.00%. The business had revenue of $5.98 billion for 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. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. On average, analysts predict that Marriott International, Inc. will post 9.56 earnings per share for the current fiscal year.

Marriott International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, May 24th were paid a $0.63 dividend. The ex-dividend date was Thursday, May 23rd. This represents a $2.52 annualized dividend and a yield of 1.03%. This is a boost from Marriott International’s previous quarterly dividend of $0.52. Marriott International’s dividend payout ratio is 26.01%.

Analysts Set New Price Targets

A number of brokerages have issued reports on MAR. Mizuho increased their price target on Marriott International from $260.00 to $265.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. JPMorgan Chase & Co. lifted their target price on Marriott International from $235.00 to $255.00 and gave the company a “neutral” rating in a research note on Friday. Wells Fargo & Company dropped their price target on Marriott International from $250.00 to $248.00 and set an “equal weight” rating for the company in a research note on Thursday, May 2nd. BMO Capital Markets boosted their target price on shares of Marriott International from $235.00 to $240.00 and gave the stock a “market perform” rating in a report on Thursday, May 2nd. Finally, Susquehanna started coverage on shares of Marriott International in a research note on Friday, June 21st. They set a “neutral” rating and a $255.00 target price for the company. Thirteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $243.59.

About Marriott International

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.