Atria Investments Inc Purchases 4,043 Shares of Marriott International, Inc. (NASDAQ:MAR)

Atria Investments Inc increased its position in Marriott International, Inc. (NASDAQ:MAR) by 47.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,512 shares of the company’s stock after purchasing an additional 4,043 shares during the quarter. Atria Investments Inc’s holdings in Marriott International were worth $3,157,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Roble Belko & Company Inc raised its holdings in Marriott International by 845.5% in 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. Benjamin Edwards Inc. bought a new position in Marriott International in the 1st quarter valued at about $29,000. ORG Partners LLC raised its holdings in 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 acquiring an additional 53 shares during the period. Keener Financial Planning LLC acquired a new position in shares of Marriott International during the 4th quarter worth approximately $30,000. Finally, Annapolis Financial Services LLC acquired a new position in shares of Marriott International during the 1st quarter worth approximately $34,000. 70.70% of the stock is owned by institutional investors.

Marriott International Stock Down 2.3 %

NASDAQ:MAR traded down $5.11 during trading hours on Friday, reaching $213.67. The company had a trading volume of 3,679,065 shares, compared to its average volume of 1,579,860. The firm has a market cap of $60.15 billion, a price-to-earnings ratio of 22.05, a P/E/G ratio of 4.24 and a beta of 1.60. The business’s 50-day simple moving average is $237.97 and its two-hundred day simple moving average is $241.79. Marriott International, Inc. has a twelve month low of $180.75 and a twelve month high of $260.57.

Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Wednesday, July 31st. The company reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.49 by $0.01. Marriott International had a net margin of 12.01% and a negative return on equity of 239.60%. The business had revenue of $6.44 billion for the quarter, compared to analysts’ expectations of $6.47 billion. During the same period in the previous year, the company earned $2.26 earnings per share. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, equities analysts predict that Marriott International, Inc. will post 9.29 earnings per share for the current year.

Marriott International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 16th will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.18%. Marriott International’s payout ratio is currently 26.01%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Marriott International from $222.00 to $216.00 and set a “hold” rating on the stock in a research report on Thursday. Robert W. Baird reduced their price target on shares of Marriott International from $252.00 to $245.00 and set a “neutral” rating on the stock in a research report on Thursday. Mizuho increased their price target on shares of Marriott International from $260.00 to $265.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. BMO Capital Markets increased their price target on shares of Marriott International from $235.00 to $240.00 and gave the stock a “market perform” rating in a research report on Thursday, May 2nd. Finally, Barclays increased their price target on shares of Marriott International from $240.00 to $251.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 17th. Fifteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Marriott International presently has a consensus rating of “Hold” and an average price target of $241.42.

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.