Milestone Asset Management LLC Has $1.48 Million Stock Position in Marriott International, Inc. $MAR

Milestone Asset Management LLC increased its stake in Marriott International, Inc. (NASDAQ:MAR) by 263.6% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 5,403 shares of the company’s stock after purchasing an additional 3,917 shares during the quarter. Milestone Asset Management LLC’s holdings in Marriott International were worth $1,476,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in MAR. Vanguard Group Inc. raised its holdings in Marriott International by 0.9% during the first quarter. Vanguard Group Inc. now owns 20,236,478 shares of the company’s stock worth $4,820,329,000 after buying an additional 184,387 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Marriott International by 16.4% in the first quarter. Wellington Management Group LLP now owns 5,427,410 shares of the company’s stock valued at $1,292,809,000 after purchasing an additional 766,309 shares during the last quarter. Invesco Ltd. boosted its position in Marriott International by 18.9% in the first quarter. Invesco Ltd. now owns 4,123,836 shares of the company’s stock worth $982,298,000 after purchasing an additional 654,766 shares during the last quarter. Alliancebernstein L.P. boosted its stake in Marriott International by 194.7% in the first quarter. Alliancebernstein L.P. now owns 1,709,665 shares of the company’s stock valued at $407,242,000 after acquiring an additional 1,129,555 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Marriott International by 2.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,514,831 shares of the company’s stock valued at $360,833,000 after buying an additional 37,212 shares during the last quarter. 70.70% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Robert W. Baird cut their price objective on shares of Marriott International from $287.00 to $285.00 and set a “neutral” rating for the company in a research report on Tuesday, October 21st. Barclays dropped their target price on shares of Marriott International from $276.00 to $262.00 and set an “equal weight” rating for the company in a research report on Friday, October 3rd. Weiss Ratings restated a “buy (b-)” rating on shares of Marriott International in a research report on Wednesday, October 8th. Morgan Stanley lowered their price target on Marriott International from $302.00 to $296.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 22nd. Finally, BMO Capital Markets reduced their price objective on Marriott International from $285.00 to $280.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 6th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $283.17.

Marriott International Price Performance

Shares of NASDAQ:MAR opened at $263.89 on Tuesday. Marriott International, Inc. has a 1 year low of $205.40 and a 1 year high of $307.52. The company has a market cap of $71.64 billion, a P/E ratio of 29.75, a PEG ratio of 2.69 and a beta of 1.36. The stock’s fifty day moving average price is $265.56 and its 200-day moving average price is $263.96.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $2.65 EPS for the quarter, hitting analysts’ consensus estimates of $2.65. The business had revenue of $6.74 billion during the quarter, compared to analysts’ expectations of $6.66 billion. Marriott International had a negative return on equity of 93.44% and a net margin of 9.60%.The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.50 earnings per share. On average, sell-side analysts anticipate that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International announced that its Board of Directors has authorized a stock buyback program on Thursday, August 7th that permits the company to repurchase 25,000,000 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

Marriott International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, August 21st were issued a $0.67 dividend. The ex-dividend date was Thursday, August 21st. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.0%. Marriott International’s dividend payout ratio is presently 30.21%.

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, City Express by Marriott, and St.