Marriott International, Inc. (NASDAQ:MAR) Shares Sold by Ballentine Partners LLC

Ballentine Partners LLC trimmed its holdings in Marriott International, Inc. (NASDAQ:MAR) by 4.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 5,056 shares of the company’s stock after selling 253 shares during the period. Ballentine Partners LLC’s holdings in Marriott International were worth $1,257,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. International Assets Investment Management LLC increased its position in shares of Marriott International by 15,148.3% during the 3rd quarter. International Assets Investment Management LLC now owns 302,527 shares of the company’s stock worth $75,208,000 after purchasing an additional 300,543 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Marriott International by 36,856.7% during 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 acquiring an additional 240,674 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Marriott International by 1.8% in the 1st quarter. JPMorgan Chase & Co. now owns 10,616,899 shares of the company’s stock valued at $2,678,750,000 after acquiring an additional 192,652 shares during the period. Capital International Investors boosted its position in shares of Marriott International by 4.7% during the 1st quarter. Capital International Investors now owns 3,296,879 shares of the company’s stock worth $831,836,000 after purchasing an additional 149,378 shares during the period. Finally, AXA S.A. increased its holdings in Marriott International by 133.4% in the 2nd 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 last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Trading Up 0.6 %

Shares of MAR opened at $262.12 on Friday. The company’s 50 day simple moving average is $242.52 and its 200-day simple moving average is $238.81. Marriott International, Inc. has a 12-month low of $180.75 and a 12-month high of $266.58. The firm has a market cap of $74.87 billion, a PE ratio of 27.05, a price-to-earnings-growth ratio of 6.36 and a beta of 1.59.

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

Marriott International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, August 16th were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date was Friday, August 16th. Marriott International’s payout ratio is currently 26.01%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Morgan Stanley lowered their price target on Marriott International from $268.00 to $250.00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. Robert W. Baird set a $258.00 target price on Marriott International in a research report on Thursday, October 17th. Barclays raised their price objective on shares of Marriott International from $240.00 to $251.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 17th. JPMorgan Chase & Co. boosted their price target on shares of Marriott International from $235.00 to $255.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. Finally, Wells Fargo & Company lifted their price objective on shares of Marriott International from $238.00 to $261.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Thirteen 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, the company presently has a consensus rating of “Hold” and an average target price of $256.39.

Marriott International 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.