Philadelphia Investment Partners LLC acquired a new position in Marriott International, Inc. (NASDAQ:MAR – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,749 shares of the company’s stock, valued at approximately $617,000.
Several other institutional investors and hedge funds also recently made changes to their positions in MAR. Evelyn Partners Investment Management Services Ltd purchased a new position in Marriott International in the 1st quarter worth $25,000. Wilkerson Advisory Group LLC boosted its position in Marriott International by 127.0% during the first quarter. Wilkerson Advisory Group LLC now owns 84 shares of the company’s stock valued at $27,000 after buying an additional 47 shares during the period. IMG Wealth Management Inc. grew its stake in shares of Marriott International by 100.0% during the first quarter. IMG Wealth Management Inc. now owns 82 shares of the company’s stock valued at $27,000 after buying an additional 41 shares during the last quarter. Kemnay Advisory Services Inc. purchased a new position in shares of Marriott International in the fourth quarter worth about $27,000. Finally, McMillan Office Inc. bought a new stake in shares of Marriott International in the 4th quarter valued at about $27,000. Institutional investors own 70.70% of the company’s stock.
Marriott International Price Performance
MAR opened at $358.67 on Thursday. Marriott International, Inc. has a one year low of $256.76 and a one year high of $410.98. The business has a 50 day simple moving average of $368.15 and a two-hundred day simple moving average of $358.85. The firm has a market capitalization of $93.53 billion, a price-to-earnings ratio of 37.17, a PEG ratio of 2.77 and a beta of 1.10.
Marriott International Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, August 20th will be issued a $0.73 dividend. The ex-dividend date is Thursday, August 20th. This represents a $2.92 annualized dividend and a yield of 0.8%. Marriott International’s dividend payout ratio is 30.26%.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on MAR shares. Morgan Stanley raised their price target on Marriott International from $353.00 to $380.00 and gave the stock an “overweight” rating in a research report on Friday, July 17th. Barclays lowered their price objective on Marriott International from $379.00 to $348.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 4th. Robert W. Baird cut their target price on shares of Marriott International from $394.00 to $393.00 and set a “neutral” rating on the stock in a report on Tuesday, August 4th. JPMorgan Chase & Co. lifted their target price on shares of Marriott International from $387.00 to $400.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 21st. Finally, BMO Capital Markets dropped their price target on shares of Marriott International from $410.00 to $395.00 and set an “outperform” rating for the company in a research report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Marriott International currently has a consensus rating of “Moderate Buy” and an average price target of $385.65.
Get Our Latest Research Report on Marriott International
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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