Marriott International, Inc. (NASDAQ:MAR) Stock Holdings Trimmed by FARMERS & MERCHANTS TRUST Co OF LONG BEACH

FARMERS & MERCHANTS TRUST Co OF LONG BEACH reduced its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 8.0% during the 1st quarter, HoldingsChannel.com reports. The fund owned 1,466 shares of the company’s stock after selling 128 shares during the quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in Marriott International were worth $370,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Marriott International during the 4th quarter valued at about $461,525,000. Jennison Associates LLC boosted its holdings in shares of Marriott International by 34.8% during 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 period. Capital International Investors lifted its position in Marriott International by 42.2% in the 4th quarter. Capital International Investors now owns 3,147,501 shares of the company’s stock valued at $709,793,000 after purchasing an additional 934,304 shares during the last quarter. Global Assets Advisory LLC bought a new position in Marriott International in the 1st quarter worth about $153,697,000. Finally, Public Employees Retirement Association of Colorado raised its holdings in shares of Marriott International by 557.2% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 496,505 shares of the company’s stock valued at $111,967,000 after buying an additional 420,962 shares during the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Stock Performance

Shares of MAR stock traded down $1.62 during trading on Tuesday, hitting $237.89. 292,840 shares of the company were exchanged, compared to its average volume of 1,456,596. The firm has a market capitalization of $67.95 billion, a price-to-earnings ratio of 24.72, a P/E/G ratio of 4.55 and a beta of 1.60. The business’s 50-day simple moving average is $237.41 and its 200 day simple moving average is $239.33. Marriott International, Inc. has a twelve month low of $178.24 and a twelve month high of $260.57.

Marriott International (NASDAQ:MAR) last posted 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 company had revenue of $5.98 billion during the quarter, compared to analyst estimates of $5.95 billion. During the same period last year, the company posted $2.09 earnings per share. The company’s revenue was up 6.4% compared to the same quarter last year. On average, equities analysts forecast that Marriott International, Inc. will post 9.55 earnings per share for the current fiscal year.

Marriott International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, May 24th were issued a dividend of $0.63 per share. The ex-dividend date was Thursday, May 23rd. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.06%. This is an increase from Marriott International’s previous quarterly dividend of $0.52. Marriott International’s dividend payout ratio (DPR) is currently 26.01%.

Analyst Upgrades and Downgrades

MAR has been the subject of several recent analyst reports. BMO Capital Markets increased their price target on Marriott International from $235.00 to $240.00 and gave the stock a “market perform” rating in a research note on Thursday, May 2nd. Barclays boosted their target price on Marriott International from $239.00 to $240.00 and gave the stock an “equal weight” rating in a report on Friday, April 19th. Robert W. Baird boosted their price objective on Marriott International from $248.00 to $250.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. Mizuho raised their target price on Marriott International from $260.00 to $265.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Finally, Argus upped their price target on shares of Marriott International from $270.00 to $280.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. Twelve 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 data from MarketBeat.com, Marriott International has an average rating of “Hold” and a consensus price target of $242.19.

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.