Northwest Bank & Trust Co Invests $36,000 in Marriott International, Inc. (NASDAQ:MAR)

Northwest Bank & Trust Co bought a new position in shares of Marriott International, Inc. (NASDAQ:MAR) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 160 shares of the company’s stock, valued at approximately $36,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Manchester Capital Management LLC grew its holdings in shares of Marriott International by 2.3% during the fourth quarter. Manchester Capital Management LLC now owns 1,841 shares of the company’s stock worth $415,000 after purchasing an additional 42 shares in the last quarter. Grove Bank & Trust increased its holdings in shares of Marriott International by 3.4% in the 4th quarter. Grove Bank & Trust now owns 1,307 shares of the company’s stock worth $295,000 after buying an additional 43 shares during the last quarter. Argus Investors Counsel Inc. raised its position in shares of Marriott International by 0.6% during the 4th quarter. Argus Investors Counsel Inc. now owns 7,731 shares of the company’s stock valued at $1,743,000 after buying an additional 45 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its position in Marriott International by 2.8% in the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,673 shares of the company’s stock worth $377,000 after acquiring an additional 45 shares in the last quarter. Finally, LGL Partners LLC increased its stake in Marriott International by 1.9% in the fourth quarter. LGL Partners LLC now owns 2,630 shares of the company’s stock valued at $593,000 after acquiring an additional 50 shares during the last quarter. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Marriott International Stock Performance

MAR stock traded down $1.02 on Friday, reaching $239.45. The company’s stock had a trading volume of 1,566,397 shares, compared to its average volume of 1,203,409. The firm has a market cap of $68.39 billion, a PE ratio of 24.71, a PEG ratio of 4.52 and a beta of 1.60. The business has a fifty day simple moving average of $238.29 and a two-hundred day simple moving average of $236.96. Marriott International, Inc. has a 12-month low of $170.03 and a 12-month high of $260.57.

Marriott International (NASDAQ:MAR) last announced its earnings results 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 company had revenue of $5.98 billion for the quarter, compared to the consensus estimate of $5.95 billion. During the same period in the previous year, the firm posted $2.09 EPS. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. As a group, research analysts anticipate that Marriott International, Inc. will post 9.53 earnings per share for the current fiscal year.

Marriott International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 24th will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This is a positive change from Marriott International’s previous quarterly dividend of $0.52. This represents a $2.52 annualized dividend and a dividend yield of 1.05%. Marriott International’s payout ratio is currently 26.01%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Argus upped their price objective on Marriott International from $270.00 to $280.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. UBS Group upped their target price on Marriott International from $210.00 to $259.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. Mizuho boosted their price objective on shares of Marriott International from $260.00 to $265.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. Barclays increased their target price on shares of Marriott International from $239.00 to $240.00 and gave the company an “equal weight” rating in a report on Friday, April 19th. Finally, Robert W. Baird boosted their price target on shares of Marriott International from $248.00 to $250.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. Eleven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $241.33.

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.