GM Advisory Group LLC Acquires Shares of 864 Marriott International, Inc. (NASDAQ:MAR)

GM Advisory Group LLC acquired a new stake in shares of Marriott International, Inc. (NASDAQ:MAR) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 864 shares of the company’s stock, valued at approximately $218,000.

Several other institutional investors have also bought and sold shares of MAR. Roble Belko & Company Inc raised its stake in shares of Marriott International by 845.5% in the first quarter. Roble Belko & Company Inc now owns 104 shares of the company’s stock valued at $26,000 after acquiring an additional 93 shares during the period. ORG Partners LLC boosted its holdings in shares of Marriott International by 72.6% in the 4th quarter. ORG Partners LLC now owns 126 shares of the company’s stock valued at $29,000 after buying an additional 53 shares in the last quarter. Benjamin Edwards Inc. bought a new stake in shares of Marriott International in the 1st quarter valued at about $29,000. Keener Financial Planning LLC bought a new stake in shares of Marriott International in the 4th quarter valued at about $30,000. Finally, Anchor Investment Management LLC acquired a new stake in Marriott International in the 4th quarter worth approximately $31,000. Institutional investors own 70.70% of the company’s stock.

Marriott International Trading Down 0.1 %

MAR traded down $0.18 on Friday, hitting $243.91. 1,342,586 shares of the company’s stock were exchanged, compared to its average volume of 1,635,104. Marriott International, Inc. has a fifty-two week low of $180.75 and a fifty-two week high of $260.57. The firm has a 50-day moving average price of $238.81 and a 200-day moving average price of $241.21. The stock has a market cap of $69.67 billion, a price-to-earnings ratio of 25.17, a P/E/G ratio of 4.59 and a beta of 1.60.

Marriott International (NASDAQ:MAR) last announced its earnings results on Wednesday, May 1st. The company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.04). The business had revenue of $5.98 billion for the quarter, compared to analyst estimates of $5.95 billion. Marriott International had a negative return on equity of 376.88% and a net margin of 12.00%. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period last year, the firm earned $2.09 EPS. On average, equities analysts predict that Marriott International, Inc. will post 9.56 EPS for the current year.

Marriott International Increases Dividend

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

Analyst Ratings Changes

Several research firms have recently weighed in on MAR. BMO Capital Markets lifted their target price on shares of Marriott International from $235.00 to $240.00 and gave the company a “market perform” rating in a report on Thursday, May 2nd. Susquehanna began coverage on shares of Marriott International in a report on Friday, June 21st. They set a “neutral” rating and a $255.00 target price for the company. JPMorgan Chase & Co. lifted their target price on shares of Marriott International from $235.00 to $255.00 and gave the company a “neutral” rating in a report on Friday. Wells Fargo & Company cut their target price on shares of Marriott International from $250.00 to $248.00 and set an “equal weight” rating for the company in a report on Thursday, May 2nd. Finally, Mizuho boosted their price target on shares of Marriott International from $260.00 to $265.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. Thirteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average 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.