MV Capital Management Inc. Has $763,000 Stake in Marriott International, Inc. (NASDAQ:MAR)

MV Capital Management Inc. increased its stake in Marriott International, Inc. (NASDAQ:MAR) by 1.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,023 shares of the company’s stock after purchasing an additional 54 shares during the period. MV Capital Management Inc.’s holdings in Marriott International were worth $763,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in Marriott International in the fourth quarter valued at $461,525,000. Jennison Associates LLC increased its position in shares of Marriott International by 34.8% in the fourth quarter. Jennison Associates LLC now owns 4,547,098 shares of the company’s stock valued at $1,025,416,000 after acquiring an additional 1,173,028 shares during the last quarter. Capital International Investors raised its holdings in Marriott International by 42.2% during the fourth 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 in the last quarter. Global Assets Advisory LLC bought a new position in Marriott International in the first quarter valued at approximately $153,697,000. Finally, Public Employees Retirement Association of Colorado raised its stake in shares of Marriott International by 557.2% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 496,505 shares of the company’s stock worth $111,967,000 after purchasing an additional 420,962 shares in the last quarter. Institutional investors own 70.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on MAR shares. Wells Fargo & Company dropped their price target on shares of Marriott International from $250.00 to $248.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 2nd. Mizuho raised their target price on shares of Marriott International from $260.00 to $265.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. BMO Capital Markets upped their price objective on Marriott International from $235.00 to $240.00 and gave the company a “market perform” rating in a research note on Thursday, May 2nd. Argus lifted their target price on Marriott International from $270.00 to $280.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Finally, Susquehanna assumed coverage on Marriott International in a research note on Friday, June 21st. They issued a “neutral” rating and a $255.00 price target on the stock. Twelve investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $242.19.

Marriott International Stock Up 0.2 %

Shares of NASDAQ:MAR traded up $0.47 during trading on Tuesday, reaching $239.98. 1,417,309 shares of the company traded hands, compared to its average volume of 1,465,521. Marriott International, Inc. has a 52 week low of $178.24 and a 52 week high of $260.57. The company’s 50 day moving average is $237.45 and its two-hundred day moving average is $239.46. The firm has a market capitalization of $68.54 billion, a PE ratio of 24.76, a PEG ratio of 4.55 and a beta of 1.60.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $2.13 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $5.98 billion for the quarter, compared to the consensus estimate of $5.95 billion. During the same period last year, the company posted $2.09 EPS. The business’s revenue was up 6.4% on a year-over-year basis. As a group, research analysts anticipate that Marriott International, Inc. will post 9.55 EPS for the current year.

Marriott International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, May 24th were given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date was Thursday, May 23rd. This is a boost from Marriott International’s previous quarterly dividend of $0.52. Marriott International’s payout ratio is currently 26.01%.

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