Rosenberg Matthew Hamilton Purchases 51 Shares of Marriott International, Inc. (NASDAQ:MAR)

Rosenberg Matthew Hamilton lifted its holdings in Marriott International, Inc. (NASDAQ:MAR) by 3.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,443 shares of the company’s stock after acquiring an additional 51 shares during the period. Rosenberg Matthew Hamilton’s holdings in Marriott International were worth $359,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bangor Savings Bank lifted its stake in Marriott International by 131.1% in the second quarter. Bangor Savings Bank now owns 104 shares of the company’s stock valued at $25,000 after buying an additional 59 shares during the period. Hantz Financial Services Inc. bought a new stake in Marriott International in the second quarter worth $26,000. MFA Wealth Advisors LLC purchased a new position in shares of Marriott International during the second quarter valued at approximately $28,000. Unique Wealth Strategies LLC bought a new position in shares of Marriott International during the 2nd quarter valued at $35,000. Finally, Cyrus J. Lawrence LLC bought a new position in shares of Marriott International during the 2nd quarter valued at about $36,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Trading Down 1.2 %

MAR stock traded down $3.18 during trading hours on Thursday, hitting $261.08. 222,165 shares of the stock traded hands, compared to its average volume of 1,461,304. The stock has a 50-day simple moving average of $245.71 and a 200 day simple moving average of $238.94. Marriott International, Inc. has a one year low of $180.75 and a one year high of $266.58. The company has a market cap of $73.50 billion, a P/E ratio of 26.11, a P/E/G ratio of 6.36 and a beta of 1.59.

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

Marriott International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 16th were given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date was Friday, August 16th. Marriott International’s dividend payout ratio (DPR) is currently 25.20%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Robert W. Baird set a $258.00 price objective on shares of Marriott International in a research note on Thursday, October 17th. UBS Group reduced their target price on shares of Marriott International from $267.00 to $244.00 and set a “neutral” rating for the company in a report on Tuesday, August 13th. The Goldman Sachs Group began coverage on shares of Marriott International in a report on Wednesday, September 18th. They issued a “buy” rating and a $267.00 price objective on the stock. Morgan Stanley lowered their target price on Marriott International from $268.00 to $250.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. Finally, Barclays upped their target price on shares of Marriott International from $240.00 to $251.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 17th. Thirteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $256.39.

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.