Mount Yale Investment Advisors LLC Decreases Holdings in Marriott International, Inc. (NASDAQ:MAR)

Mount Yale Investment Advisors LLC trimmed its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 3.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,447 shares of the company’s stock after selling 44 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Marriott International were worth $365,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in MAR. Global Retirement Partners LLC raised its position in Marriott International by 24.1% in the 4th quarter. Global Retirement Partners LLC now owns 2,435 shares of the company’s stock worth $551,000 after purchasing an additional 473 shares during the period. Pinnacle Associates Ltd. raised its position in Marriott International by 4.4% in the 4th quarter. Pinnacle Associates Ltd. now owns 2,229 shares of the company’s stock worth $503,000 after purchasing an additional 94 shares during the period. ICICI Prudential Asset Management Co Ltd grew its stake in Marriott International by 7.4% in the 4th quarter. ICICI Prudential Asset Management Co Ltd now owns 2,850 shares of the company’s stock worth $643,000 after acquiring an additional 197 shares in the last quarter. AdvisorNet Financial Inc grew its stake in Marriott International by 15.3% in the 4th quarter. AdvisorNet Financial Inc now owns 572 shares of the company’s stock worth $129,000 after acquiring an additional 76 shares in the last quarter. Finally, Kowal Investment Group LLC grew its stake in Marriott International by 14.6% in the 4th quarter. Kowal Investment Group LLC now owns 1,574 shares of the company’s stock worth $355,000 after acquiring an additional 200 shares in the last quarter. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Marriott International Trading Up 0.8 %

MAR traded up $1.85 on Monday, reaching $238.45. The stock had a trading volume of 1,335,715 shares, compared to its average volume of 1,444,315. Marriott International, Inc. has a 12-month low of $180.75 and a 12-month high of $260.57. The business’s 50-day moving average price is $238.90 and its two-hundred day moving average price is $241.97. The company has a market cap of $68.11 billion, a P/E ratio of 24.42, a price-to-earnings-growth ratio of 4.45 and a beta of 1.60.

Marriott International (NASDAQ:MAR) 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). Marriott International had a net margin of 12.00% and a negative return on equity of 376.88%. The firm had revenue of $5.98 billion during the quarter, compared to analysts’ expectations of $5.95 billion. During the same period in the previous year, the firm posted $2.09 EPS. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. As a group, analysts predict that Marriott International, Inc. will post 9.56 earnings per share for the current year.

Marriott International Increases Dividend

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

Analysts Set New Price Targets

A number of brokerages have commented on MAR. JPMorgan Chase & Co. upped their target price on shares of Marriott International from $235.00 to $255.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. Robert W. Baird increased their price objective on shares of Marriott International from $248.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Mizuho increased their price objective on shares of Marriott International from $260.00 to $265.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Barclays increased 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. Finally, BMO Capital Markets increased their price objective on shares of Marriott International from $235.00 to $240.00 and gave the company a “market perform” rating in a research note 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’s stock. Based on data from MarketBeat.com, Marriott International currently has an average rating of “Hold” and a consensus target price of $243.59.

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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.