Advisory Alpha LLC Has $565,000 Holdings in Marriott International, Inc. (NASDAQ:MAR)

Advisory Alpha LLC increased its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 30.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,239 shares of the company’s stock after purchasing an additional 529 shares during the period. Advisory Alpha LLC’s holdings in Marriott International were worth $565,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Cohen Capital Management Inc. lifted its holdings in shares of Marriott International by 0.3% in the first quarter. Cohen Capital Management Inc. now owns 38,669 shares of the company’s stock valued at $9,757,000 after purchasing an additional 132 shares in the last quarter. McClarren Financial Advisors Inc. raised its holdings in Marriott International by 26.5% during the first quarter. McClarren Financial Advisors Inc. now owns 253 shares of the company’s stock worth $64,000 after acquiring an additional 53 shares in the last quarter. Paulson Wealth Management Inc. acquired a new position in shares of Marriott International in the first quarter valued at approximately $201,000. Csenge Advisory Group grew its position in shares of Marriott International by 3.3% in the first quarter. Csenge Advisory Group now owns 1,599 shares of the company’s stock valued at $404,000 after purchasing an additional 51 shares during the last quarter. Finally, Signaturefd LLC grew its position in shares of Marriott International by 9.3% in the first quarter. Signaturefd LLC now owns 6,433 shares of the company’s stock valued at $1,623,000 after purchasing an additional 550 shares during the last quarter. 70.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Barclays increased their price target on Marriott International from $239.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Friday, April 19th. Wells Fargo & Company reduced their price target on Marriott International from $250.00 to $248.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 2nd. Mizuho upped their target price on Marriott International from $260.00 to $265.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. Argus upped their target price on Marriott International from $270.00 to $280.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Finally, Susquehanna initiated coverage on Marriott International in a research note on Friday, June 21st. They set a “neutral” rating and a $255.00 target price for the company. Twelve investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $242.19.

Marriott International Trading Up 1.0 %

Shares of NASDAQ:MAR traded up $2.34 during mid-day trading on Friday, reaching $242.12. The company had a trading volume of 132,805 shares, compared to its average volume of 1,443,186. The firm has a market cap of $69.15 billion, a price-to-earnings ratio of 24.75, a PEG ratio of 4.57 and a beta of 1.60. The company’s 50-day moving average price is $237.62 and its 200-day moving average price is $240.27. Marriott International, Inc. has a one year low of $180.75 and a one year high of $260.57.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data 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 business had revenue of $5.98 billion during the quarter, compared to analysts’ expectations of $5.95 billion. During the same quarter in the prior year, the firm posted $2.09 earnings per share. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. On average, research analysts anticipate that Marriott International, Inc. will post 9.55 EPS for the current fiscal year.

Marriott International Increases Dividend

The company also recently declared 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. 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%. The ex-dividend date of this dividend was Thursday, May 23rd. Marriott International’s payout ratio is 26.01%.

Marriott International 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.