Marriott International, Inc. (NASDAQ:MAR) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC cut its stake in Marriott International, Inc. (NASDAQ:MAR) by 11.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,989 shares of the company’s stock after selling 11,020 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Marriott International were worth $21,948,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Roble Belko & Company Inc lifted its position in Marriott International by 845.5% during the 1st quarter. Roble Belko & Company Inc now owns 104 shares of the company’s stock worth $26,000 after acquiring an additional 93 shares in the last quarter. ORG Partners LLC boosted its stake in shares of Marriott International by 72.6% in the fourth 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. Benjamin Edwards Inc. purchased a new stake in Marriott International during the 1st quarter worth $29,000. Keener Financial Planning LLC acquired a new position in Marriott International in the 4th quarter worth $30,000. Finally, Anchor Investment Management LLC purchased a new position in Marriott International in the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Trading Up 0.3 %

MAR traded up $0.81 on Friday, reaching $240.98. The company had a trading volume of 851,934 shares, compared to its average volume of 1,613,953. Marriott International, Inc. has a one year low of $178.24 and a one year high of $260.57. The company has a market capitalization of $68.83 billion, a P/E ratio of 24.87, a PEG ratio of 4.52 and a beta of 1.60. The company has a fifty day moving average of $237.35 and a 200-day moving average of $239.74.

Marriott International (NASDAQ:MAR) last announced its 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 firm had revenue of $5.98 billion for the quarter, compared to the consensus estimate of $5.95 billion. Marriott International had a negative return on equity of 376.88% and a net margin of 12.00%. Marriott International’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.09 EPS. Research analysts predict that Marriott International, Inc. will post 9.55 EPS for the current year.

Marriott International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, May 24th were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.05%. This is an increase from Marriott International’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Thursday, May 23rd. Marriott International’s dividend payout ratio is presently 26.01%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on MAR shares. Robert W. Baird boosted their price target on Marriott International from $248.00 to $250.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. Wells Fargo & Company reduced their target price on Marriott International from $250.00 to $248.00 and set an “equal weight” rating for the company in a research note on Thursday, May 2nd. Susquehanna initiated coverage on shares of Marriott International in a research note on Friday, June 21st. They issued a “neutral” rating and a $255.00 price target for the company. Argus raised their price objective on shares of Marriott International from $270.00 to $280.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. Finally, BMO Capital Markets upped their target price on shares of Marriott International from $235.00 to $240.00 and gave the company a “market perform” rating in a research note on Thursday, May 2nd. Twelve research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $242.19.

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.