William Blair Investment Management LLC lifted its position in shares of Marriott International, Inc. (NASDAQ:MAR – Free Report) by 255.5% in the second quarter, Holdings Channel reports. The firm owned 300,872 shares of the company’s stock after purchasing an additional 216,241 shares during the period. William Blair Investment Management LLC’s holdings in Marriott International were worth $111,500,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of MAR. Norges Bank purchased a new stake in Marriott International during the fourth quarter worth approximately $812,570,000. Diamant Asset Management Inc. lifted its holdings in shares of Marriott International by 32,607.0% during the 1st quarter. Diamant Asset Management Inc. now owns 490,605 shares of the company’s stock valued at $16,046,000 after acquiring an additional 489,105 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Marriott International by 37.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,363,845 shares of the company’s stock worth $423,119,000 after purchasing an additional 374,497 shares during the period. Capital International Investors increased its holdings in Marriott International by 7.1% in the 4th quarter. Capital International Investors now owns 4,107,531 shares of the company’s stock valued at $1,274,475,000 after purchasing an additional 272,250 shares in the last quarter. Finally, Amundi raised its position in Marriott International by 52.0% in the third quarter. Amundi now owns 741,408 shares of the company’s stock valued at $201,618,000 after purchasing an additional 253,696 shares during the period. Hedge funds and other institutional investors own 70.70% of the company’s stock.
Marriott International Price Performance
Shares of Marriott International stock opened at $356.39 on Friday. Marriott International, Inc. has a 1-year low of $256.76 and a 1-year high of $410.98. The company has a market capitalization of $92.94 billion, a PE ratio of 36.93, a P/E/G ratio of 2.76 and a beta of 1.10. The business has a 50-day moving average of $370.50 and a 200-day moving average of $357.82.
Marriott International Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, August 20th will be paid a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Thursday, August 20th. Marriott International’s dividend payout ratio is 30.26%.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on MAR shares. Stifel Nicolaus upped their target price on Marriott International from $352.00 to $365.00 and gave the stock a “hold” rating in a research report on Friday, July 17th. CICC Research assumed coverage on Marriott International in a research report on Wednesday, August 12th. They set an “outperform” rating on the stock. TD Cowen upped their price target on Marriott International from $410.00 to $420.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Robert W. Baird lowered their price objective on shares of Marriott International from $394.00 to $393.00 and set a “neutral” rating for the company in a research report on Tuesday, August 4th. Finally, BMO Capital Markets dropped their price objective on shares of Marriott International from $410.00 to $395.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Marriott International currently has an average rating of “Moderate Buy” and an average price target of $385.65.
Read Our Latest Analysis on MAR
Marriott International Company Profile
Marriott International is a global lodging company that develops, manages and franchises a broad portfolio of hotels and related lodging facilities. Its core activities include hotel and resort management, franchise operations, property development and the provision of centralized services such as reservations, marketing and loyalty program management. The company’s brand architecture spans market segments from luxury and premium to select-service and extended-stay, enabling it to serve a wide range of business and leisure travelers as well as corporate and group customers.
The company traces its roots to the hospitality business founded by J.
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