Raymond James Financial Services Advisors Inc. grew its position in Marriott International Inc (NASDAQ:MAR) by 76.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,704 shares of the company’s stock after purchasing an additional 25,088 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Marriott International were worth $7,305,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MAR. Signaturefd LLC purchased a new stake in Marriott International during the 1st quarter worth approximately $133,000. Quad Capital Management Advisors LLC bought a new stake in shares of Marriott International in the 1st quarter valued at approximately $208,000. Moors & Cabot Inc. bought a new stake in shares of Marriott International in the 1st quarter valued at approximately $256,000. Summit Trail Advisors LLC increased its holdings in shares of Marriott International by 9,648.1% in the 1st quarter. Summit Trail Advisors LLC now owns 262,127 shares of the company’s stock valued at $262,000 after acquiring an additional 259,438 shares during the last quarter. Finally, NuWave Investment Management LLC bought a new stake in shares of Marriott International in the 1st quarter valued at approximately $266,000. 61.78% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have recently weighed in on MAR. Zacks Investment Research upgraded Marriott International from a “hold” rating to a “buy” rating and set a $156.00 price target for the company in a report on Tuesday, May 15th. Evercore ISI upgraded Marriott International from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $146.00 to $155.00 in a research note on Thursday, May 17th. Deutsche Bank restated a “hold” rating and set a $141.00 price objective on shares of Marriott International in a research note on Thursday, May 10th. Jefferies Financial Group initiated coverage on Marriott International in a research note on Thursday, May 31st. They set a “hold” rating and a $152.00 price objective for the company. Finally, BidaskClub lowered Marriott International from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 22nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company’s stock. Marriott International currently has an average rating of “Hold” and an average target price of $142.45.
Shares of Marriott International stock traded up $0.26 during trading on Friday, hitting $126.47. The stock had a trading volume of 2,249,700 shares, compared to its average volume of 2,090,156. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 2.95. The firm has a market cap of $43.26 billion, a price-to-earnings ratio of 29.08, a price-to-earnings-growth ratio of 1.83 and a beta of 1.37. Marriott International Inc has a fifty-two week low of $99.58 and a fifty-two week high of $149.21.
Marriott International (NASDAQ:MAR) last announced its earnings results on Monday, August 6th. The company reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.37. The company had revenue of $5.35 billion for the quarter, compared to analyst estimates of $5.90 billion. Marriott International had a return on equity of 52.81% and a net margin of 7.31%. Marriott International’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.13 earnings per share. analysts anticipate that Marriott International Inc will post 5.88 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Thursday, August 23rd will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Wednesday, August 22nd. Marriott International’s payout ratio is 37.61%.
Marriott International Profile
Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through three segments: North American Full-Service, North American Limited-Service, and Asia Pacific. It operates its properties under the JW Marriott, The Ritz-Carlton, W Hotels, The Luxury Collection, St.
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