HighPoint Advisor Group LLC Takes $923,000 Position in Marriott International, Inc. (NASDAQ:MAR)

HighPoint Advisor Group LLC bought a new stake in Marriott International, Inc. (NASDAQ:MARFree Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 4,093 shares of the company’s stock, valued at approximately $923,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MAR. ORG Partners LLC boosted its holdings in Marriott International by 72.6% in the fourth quarter. ORG Partners LLC now owns 126 shares of the company’s stock worth $29,000 after acquiring an additional 53 shares in the last quarter. Keener Financial Planning LLC acquired a new stake in Marriott International in the fourth quarter worth about $30,000. Anchor Investment Management LLC acquired a new stake in shares of Marriott International during the fourth quarter worth about $31,000. Wetzel Investment Advisors Inc. acquired a new stake in shares of Marriott International during the fourth quarter worth about $33,000. Finally, Private Wealth Management Group LLC acquired a new stake in shares of Marriott International during the fourth quarter worth about $33,000. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Marriott International Stock Performance

Shares of MAR traded down $1.36 during trading hours on Tuesday, hitting $243.34. 201,892 shares of the stock were exchanged, compared to its average volume of 1,403,322. The stock’s 50-day moving average price is $238.09 and its two-hundred day moving average price is $237.25. The company has a market cap of $69.50 billion, a price-to-earnings ratio of 25.25, a price-to-earnings-growth ratio of 4.52 and a beta of 1.60. Marriott International, Inc. has a 12-month low of $170.03 and a 12-month high of $260.57.

Marriott International (NASDAQ:MARGet Free Report) last released its quarterly earnings data 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). The company 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 business’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the firm posted $2.09 EPS. On average, research analysts expect that Marriott International, Inc. will post 9.53 earnings per share for the current year.

Marriott International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 24th will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Thursday, May 23rd. This is a positive change from Marriott International’s previous quarterly dividend of $0.52. Marriott International’s dividend payout ratio (DPR) is 26.01%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. UBS Group lifted their target price on Marriott International from $210.00 to $259.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Robert W. Baird lifted their target price on Marriott International from $248.00 to $250.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. Barclays lifted their price target on Marriott International from $239.00 to $240.00 and gave the company an “equal weight” rating in a research report on Friday, April 19th. Wells Fargo & Company reduced their price target on Marriott International from $250.00 to $248.00 and set an “equal weight” rating for the company in a research report on Thursday, May 2nd. Finally, BMO Capital Markets lifted their price target on Marriott International from $235.00 to $240.00 and gave the company a “market perform” rating in a research report on Thursday, May 2nd. Eleven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $241.33.

Read Our Latest Analysis on MAR

Marriott International Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Marriott International (NASDAQ:MAR)

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