Mirae Asset Global Investments Co. Ltd. Increases Stake in Marriott International, Inc. (NASDAQ:MAR)

Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 15.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,411 shares of the company’s stock after acquiring an additional 9,343 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Marriott International were worth $17,564,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. International Assets Investment Management LLC grew its position in shares of Marriott International by 15,148.3% during the third quarter. International Assets Investment Management LLC now owns 302,527 shares of the company’s stock worth $75,208,000 after buying an additional 300,543 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Marriott International by 36,856.7% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 241,327 shares of the company’s stock valued at $58,346,000 after buying an additional 240,674 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Marriott International by 1.8% during the first quarter. JPMorgan Chase & Co. now owns 10,616,899 shares of the company’s stock valued at $2,678,750,000 after purchasing an additional 192,652 shares during the period. Capital International Investors increased its holdings in shares of Marriott International by 4.7% during the first quarter. Capital International Investors now owns 3,296,879 shares of the company’s stock valued at $831,836,000 after purchasing an additional 149,378 shares during the period. Finally, AXA S.A. increased its holdings in shares of Marriott International by 133.4% during the second quarter. AXA S.A. now owns 221,045 shares of the company’s stock valued at $53,442,000 after purchasing an additional 126,323 shares during the period. Institutional investors and hedge funds own 70.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. BMO Capital Markets lifted their target price on Marriott International from $240.00 to $255.00 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd. UBS Group decreased their price target on shares of Marriott International from $267.00 to $244.00 and set a “neutral” rating for the company in a report on Tuesday, August 13th. Macquarie reissued a “neutral” rating and set a $245.00 price objective on shares of Marriott International in a research report on Friday, August 2nd. Barclays lifted their price objective on Marriott International from $240.00 to $251.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 17th. Finally, JPMorgan Chase & Co. raised their target price on Marriott International from $235.00 to $255.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Thirteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Marriott International has a consensus rating of “Hold” and an average target price of $256.39.

Marriott International Stock Up 0.6 %

MAR opened at $262.12 on Friday. The stock has a market cap of $74.87 billion, a P/E ratio of 27.05, a P/E/G ratio of 6.36 and a beta of 1.59. Marriott International, Inc. has a 12 month low of $180.75 and a 12 month high of $266.58. The company has a fifty day simple moving average of $243.35 and a 200 day simple moving average of $238.75.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.49 by $0.01. The company had revenue of $6.44 billion during the quarter, compared to the consensus estimate of $6.47 billion. Marriott International had a net margin of 12.01% and a negative return on equity of 239.60%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.26 EPS. On average, equities research analysts expect that Marriott International, Inc. will post 9.37 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, August 16th were issued a dividend of $0.63 per share. The ex-dividend date was Friday, August 16th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.96%. Marriott International’s dividend payout ratio (DPR) is presently 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, City Express by Marriott, and St.