EverSource Wealth Advisors LLC Purchases 226 Shares of Marriott International, Inc. (NASDAQ:MAR)

EverSource Wealth Advisors LLC lifted its position in Marriott International, Inc. (NASDAQ:MAR) by 98.7% during the 1st quarter, Holdings Channel reports. The firm owned 455 shares of the company’s stock after buying an additional 226 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Marriott International were worth $107,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in MAR. Norges Bank acquired a new position in Marriott International during the 4th quarter worth about $461,525,000. Jennison Associates LLC lifted its position in Marriott International by 34.8% during the 4th quarter. Jennison Associates LLC now owns 4,547,098 shares of the company’s stock worth $1,025,416,000 after buying an additional 1,173,028 shares in the last quarter. Capital International Investors lifted its position in Marriott International by 42.2% during the 4th quarter. Capital International Investors now owns 3,147,501 shares of the company’s stock worth $709,793,000 after buying an additional 934,304 shares in the last quarter. Global Assets Advisory LLC acquired a new position in Marriott International during the 1st quarter worth about $153,697,000. Finally, Public Employees Retirement Association of Colorado lifted its position in Marriott International by 557.2% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 496,505 shares of the company’s stock worth $111,967,000 after buying an additional 420,962 shares in the last quarter. Institutional investors own 70.70% of the company’s stock.

Wall Street Analyst Weigh In

MAR has been the topic of several research reports. BMO Capital Markets upped their price target on shares of Marriott International from $235.00 to $240.00 and gave the stock a “market perform” rating in a research report on Thursday, May 2nd. Wells Fargo & Company cut their target price on shares of Marriott International from $248.00 to $238.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 1st. Morgan Stanley cut their target price on shares of Marriott International from $268.00 to $250.00 and set an “overweight” rating on the stock in a research report on Tuesday. Mizuho upped their target price on shares of Marriott International from $260.00 to $265.00 and gave the company a “neutral” rating in a research report on Thursday, May 2nd. Finally, JPMorgan Chase & Co. upped their target price on shares of Marriott International from $235.00 to $255.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. Fifteen analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Marriott International currently has a consensus rating of “Hold” and a consensus target price of $241.89.

Marriott International Stock Performance

Shares of NASDAQ MAR traded up $5.53 during mid-day trading on Tuesday, reaching $216.88. The company had a trading volume of 808,648 shares, compared to its average volume of 1,504,424. Marriott International, Inc. has a one year low of $180.75 and a one year high of $260.57. The firm has a market cap of $61.95 billion, a price-to-earnings ratio of 22.38, a PEG ratio of 4.24 and a beta of 1.60. The business’s 50-day simple moving average is $237.47 and its 200 day simple moving average is $241.85.

Marriott International (NASDAQ:MAR) last released its earnings results on Wednesday, July 31st. The company reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.49 by $0.01. Marriott International had a negative return on equity of 239.60% and a net margin of 12.01%. The firm had revenue of $6.44 billion for the quarter, compared to analysts’ expectations of $6.47 billion. During the same quarter in the previous year, the business posted $2.26 earnings per share. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, sell-side analysts anticipate that Marriott International, Inc. will post 9.29 EPS for the current year.

Marriott International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 16th will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date is Friday, August 16th. Marriott International’s payout ratio is 26.01%.

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