Virtu Financial LLC Makes New $5.01 Million Investment in Marriott International, Inc. (NASDAQ:MAR)

Virtu Financial LLC purchased a new stake in shares of Marriott International, Inc. (NASDAQ:MAR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 20,718 shares of the company’s stock, valued at approximately $5,009,000.

Several other institutional investors have also bought and sold shares of MAR. JPMorgan Chase & Co. raised its position in shares of Marriott International by 1.8% during the 1st quarter. JPMorgan Chase & Co. now owns 10,616,899 shares of the company’s stock worth $2,678,750,000 after buying an additional 192,652 shares in the last quarter. Capital International Investors raised its holdings in Marriott International by 4.7% during the first 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 in the last quarter. Parnassus Investments LLC boosted its stake in Marriott International by 0.3% during the 4th quarter. Parnassus Investments LLC now owns 2,457,382 shares of the company’s stock valued at $554,164,000 after purchasing an additional 7,135 shares in the last quarter. Norges Bank acquired a new position in shares of Marriott International during the 4th quarter valued at $461,525,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of Marriott International by 5.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 679,757 shares of the company’s stock worth $164,355,000 after buying an additional 33,149 shares in the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on MAR shares. Morgan Stanley dropped their price target 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, August 6th. JPMorgan Chase & Co. increased their target price on shares of Marriott International from $235.00 to $255.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Barclays lifted their price target on shares of Marriott International from $240.00 to $251.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 17th. Truist Financial dropped their price target on Marriott International from $263.00 to $254.00 and set a “hold” rating on the stock in a research note on Tuesday, August 6th. Finally, Susquehanna initiated coverage on shares of Marriott International in a report on Friday, June 21st. They issued a “neutral” rating and a $255.00 target price for the company. Thirteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Marriott International presently has an average rating of “Hold” and an average price target of $246.18.

Marriott International Price Performance

Shares of MAR stock opened at $232.46 on Tuesday. Marriott International, Inc. has a fifty-two week low of $180.75 and a fifty-two week high of $260.57. The stock’s 50-day moving average is $229.78 and its two-hundred day moving average is $237.95. The firm has a market cap of $66.40 billion, a P/E ratio of 23.99, a PEG ratio of 5.34 and a beta of 1.59.

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

Marriott International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 16th will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.08%. The ex-dividend date is Friday, August 16th. Marriott International’s payout ratio is 26.01%.

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, City Express by Marriott, and St.