Cetera Investment Advisers Acquires 37,260 Shares of Marriott International, Inc. (NASDAQ:MAR)

Cetera Investment Advisers grew its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 175.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 58,447 shares of the company’s stock after purchasing an additional 37,260 shares during the quarter. Cetera Investment Advisers’ holdings in Marriott International were worth $14,747,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in MAR. Roble Belko & Company Inc lifted its holdings in shares of 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 purchasing an additional 93 shares during the last quarter. ORG Partners LLC raised its stake in 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 buying an additional 53 shares during the last quarter. Benjamin Edwards Inc. acquired a new position in shares of Marriott International during the first quarter valued at about $29,000. Keener Financial Planning LLC purchased a new position in shares of Marriott International in the 4th quarter valued at approximately $30,000. Finally, Wetzel Investment Advisors Inc. acquired a new stake in Marriott International in the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MAR. Robert W. Baird lowered their price target on Marriott International from $252.00 to $245.00 and set a “neutral” rating for the company in a research report on Thursday. 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 report on Wednesday, July 17th. BMO Capital Markets upped their price objective on shares of Marriott International from $235.00 to $240.00 and gave the company a “market perform” rating in a report on Thursday, May 2nd. Susquehanna started coverage on shares of Marriott International in a research report on Friday, June 21st. They set a “neutral” rating and a $255.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Marriott International from $222.00 to $216.00 and set a “hold” rating on the stock in a research report on Thursday. Fifteen research 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 stock has an average rating of “Hold” and an average price target of $241.42.

Marriott International Trading Down 2.3 %

Shares of MAR stock opened at $213.67 on Friday. Marriott International, Inc. has a twelve month low of $180.75 and a twelve month high of $260.57. The company has a market capitalization of $61.03 billion, a PE ratio of 22.05, a price-to-earnings-growth ratio of 4.24 and a beta of 1.60. The firm has a fifty day simple moving average of $237.97 and a 200-day simple moving average of $241.90.

Marriott International (NASDAQ:MAR) last announced its earnings results on Wednesday, July 31st. The company reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.49 by $0.01. The company had revenue of $6.44 billion during the quarter, compared to the consensus estimate of $6.47 billion. Marriott International had a negative return on equity of 239.60% and a net margin of 12.01%. The company’s revenue was up 6.0% on a year-over-year basis. During the same period last year, the firm earned $2.26 earnings per share. Equities research analysts predict that Marriott International, Inc. will post 9.29 EPS for the current year.

Marriott International Announces Dividend

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

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.