Marriott International, Inc. (NASDAQ:MAR) Shares Acquired by TFG Advisers LLC

TFG Advisers LLC grew its holdings in Marriott International, Inc. (NASDAQ:MAR) by 1.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,389 shares of the company’s stock after purchasing an additional 64 shares during the period. TFG Advisers LLC’s holdings in Marriott International were worth $1,091,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. JPMorgan Chase & Co. lifted its stake in 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 acquiring an additional 192,652 shares in the last quarter. Capital International Investors lifted its stake in 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 acquiring an additional 149,378 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Marriott International by 5.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 679,757 shares of the company’s stock worth $164,355,000 after purchasing an additional 33,149 shares during the period. First Pacific Advisors LP increased its holdings in Marriott International by 2.1% during the 2nd quarter. First Pacific Advisors LP now owns 613,205 shares of the company’s stock worth $148,255,000 after purchasing an additional 12,499 shares during the period. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund increased its holdings in Marriott International by 3.1% during the 1st quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 325,617 shares of the company’s stock worth $82,156,000 after purchasing an additional 9,813 shares during the period. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Trading Down 2.5 %

Shares of MAR traded down $6.77 during mid-day trading on Wednesday, hitting $258.73. The company’s stock had a trading volume of 471,521 shares, compared to its average volume of 1,470,343. The firm has a 50-day simple moving average of $240.93 and a 200 day simple moving average of $238.52. The firm has a market capitalization of $73.90 billion, a P/E ratio of 26.73, a P/E/G ratio of 6.15 and a beta of 1.59. Marriott International, Inc. has a 1-year low of $180.75 and a 1-year high of $266.58.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $2.50 EPS for the quarter, beating the consensus estimate of $2.49 by $0.01. The business had revenue of $6.44 billion during the quarter, compared to analysts’ expectations of $6.47 billion. Marriott International had a negative return on equity of 239.60% and a net margin of 12.01%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period last year, the firm earned $2.26 EPS. As a group, sell-side analysts predict that Marriott International, Inc. will post 9.37 EPS for the current fiscal year.

Marriott International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 16th were issued a dividend of $0.63 per share. The ex-dividend date was Friday, August 16th. This represents a $2.52 annualized dividend and a yield of 0.97%. Marriott International’s dividend payout ratio is presently 26.01%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft cut their price target on Marriott International from $222.00 to $216.00 and set a “hold” rating on the stock in a report on Thursday, August 1st. Sanford C. Bernstein upgraded Marriott International from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $247.00 to $262.00 in a report on Thursday, August 29th. Bank of America raised their price target on Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday. Morgan Stanley dropped their price target on Marriott International from $268.00 to $250.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. Finally, Macquarie restated a “neutral” rating and set a $245.00 price target on shares of Marriott International in a research note on Friday, August 2nd. Thirteen research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $255.16.

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.