Annapolis Financial Services LLC Acquires Shares of 135 Marriott International, Inc. (NASDAQ:MAR)

Annapolis Financial Services LLC acquired a new stake in shares of Marriott International, Inc. (NASDAQ:MAR) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 135 shares of the company’s stock, valued at approximately $34,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Roble Belko & Company Inc lifted its stake in Marriott International by 845.5% during the 1st quarter. Roble Belko & Company Inc now owns 104 shares of the company’s stock valued at $26,000 after acquiring an additional 93 shares during the period. ORG Partners LLC lifted its stake in shares of Marriott International by 72.6% in the 4th quarter. ORG Partners LLC now owns 126 shares of the company’s stock valued at $29,000 after purchasing an additional 53 shares during the period. Keener Financial Planning LLC acquired a new position in shares of Marriott International in the 4th quarter valued at $30,000. Anchor Investment Management LLC acquired a new position in shares of Marriott International in the 4th quarter valued at $31,000. Finally, Wetzel Investment Advisors Inc. acquired a new position in shares of Marriott International in the 4th quarter valued at $33,000. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Marriott International Stock Performance

Shares of MAR traded down $0.48 during mid-day trading on Friday, hitting $241.77. 6,788,860 shares of the company’s stock were exchanged, compared to its average volume of 1,407,587. The company has a market cap of $69.05 billion, a price-to-earnings ratio of 24.95, a P/E/G ratio of 4.56 and a beta of 1.60. Marriott International, Inc. has a fifty-two week low of $177.10 and a fifty-two week high of $260.57. The stock’s 50-day moving average is $237.41 and its 200-day moving average is $239.18.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.04). The company had revenue of $5.98 billion during the quarter, compared to analysts’ expectations of $5.95 billion. Marriott International had a net margin of 12.00% and a negative return on equity of 376.88%. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.09 earnings per share. As a group, equities research analysts anticipate that Marriott International, Inc. will post 9.55 EPS for the current year.

Marriott International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, May 24th were given a dividend of $0.63 per share. The ex-dividend date was Thursday, May 23rd. This is a positive change from Marriott International’s previous quarterly dividend of $0.52. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.04%. Marriott International’s dividend payout ratio (DPR) is 26.01%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MAR. Mizuho boosted their price target 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. 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 report on Thursday, May 2nd. Barclays boosted their price target on shares of Marriott International from $239.00 to $240.00 and gave the stock an “equal weight” rating in a report on Friday, April 19th. BMO Capital Markets boosted their price target on shares of Marriott International from $235.00 to $240.00 and gave the stock a “market perform” rating in a report on Thursday, May 2nd. Finally, Wells Fargo & Company cut their price target on shares of Marriott International from $250.00 to $248.00 and set an “equal weight” rating for the company in a report on Thursday, May 2nd. Twelve analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $242.19.

About Marriott International

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.