KMG Fiduciary Partners LLC Buys 1,166 Shares of Marriott International, Inc. (NASDAQ:MAR)

KMG Fiduciary Partners LLC lifted its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 3.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,182 shares of the company’s stock after buying an additional 1,166 shares during the quarter. Marriott International comprises 0.8% of KMG Fiduciary Partners LLC’s investment portfolio, making the stock its 29th biggest position. KMG Fiduciary Partners LLC’s holdings in Marriott International were worth $9,243,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Stratos Wealth Advisors LLC raised its position in Marriott International by 22.4% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 2,446 shares of the company’s stock worth $608,000 after purchasing an additional 448 shares during the period. Stratos Wealth Partners LTD. increased its holdings in shares of Marriott International by 50.2% in the third quarter. Stratos Wealth Partners LTD. now owns 32,811 shares of the company’s stock worth $8,157,000 after buying an additional 10,965 shares during the period. Aaron Wealth Advisors LLC lifted its stake in shares of Marriott International by 24.3% in the 3rd quarter. Aaron Wealth Advisors LLC now owns 3,473 shares of the company’s stock valued at $863,000 after acquiring an additional 679 shares during the last quarter. M3 Advisory Group LLC purchased a new stake in Marriott International during the 3rd quarter valued at about $201,000. Finally, V Square Quantitative Management LLC grew its position in Marriott International by 29.4% during the 3rd quarter. V Square Quantitative Management LLC now owns 2,550 shares of the company’s stock worth $634,000 after acquiring an additional 579 shares during the last quarter. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Marriott International Stock Performance

Marriott International stock opened at $265.60 on Friday. Marriott International, Inc. has a fifty-two week low of $180.75 and a fifty-two week high of $266.58. The firm has a market capitalization of $75.86 billion, a price-to-earnings ratio of 27.41, a price-to-earnings-growth ratio of 6.15 and a beta of 1.59. The stock’s fifty day moving average is $238.95 and its two-hundred day moving average is $238.48.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.49 by $0.01. Marriott International had a negative return on equity of 239.60% and a net margin of 12.01%. The firm had revenue of $6.44 billion during the quarter, compared to the consensus estimate of $6.47 billion. During the same period in the prior year, the firm earned $2.26 EPS. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Marriott International, Inc. will post 9.37 EPS for the current fiscal year.

Marriott International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, August 16th were given a dividend of $0.63 per share. The ex-dividend date was Friday, August 16th. This represents a $2.52 annualized dividend and a dividend yield of 0.95%. Marriott International’s dividend payout ratio is presently 26.01%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. UBS Group reduced their price objective on shares of Marriott International from $267.00 to $244.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 13th. Macquarie reissued a “neutral” rating and issued a $245.00 target price on shares of Marriott International in a research note on Friday, August 2nd. The Goldman Sachs Group began coverage on shares of Marriott International in a report on Wednesday, September 18th. They set a “buy” rating and a $267.00 price target on the stock. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Marriott International from $222.00 to $216.00 and set a “hold” rating on the stock in a research note on Thursday, August 1st. Finally, Robert W. Baird set a $258.00 target price on shares of Marriott International in a report on Thursday. Twelve research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Marriott International has an average rating of “Hold” and an average target price of $249.41.

Marriott International Company 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.