FSA Advisors Inc. acquired a new stake in Marriott International, Inc. (NASDAQ:MAR – Free Report) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 2,815 shares of the company’s stock, valued at approximately $1,043,000.
Other institutional investors have also modified their holdings of the company. Invesco Ltd. boosted its stake in shares of Marriott International by 2.7% during the fourth quarter. Invesco Ltd. now owns 4,440,359 shares of the company’s stock worth $1,377,577,000 after buying an additional 118,504 shares during the period. Capital International Investors increased its position 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 acquiring an additional 272,250 shares during the period. Norges Bank purchased a new stake in Marriott International during the 4th quarter valued at approximately $812,570,000. Price T Rowe Associates Inc. MD lifted its position in Marriott International by 13.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,879,028 shares of the company’s stock worth $582,952,000 after acquiring an additional 219,579 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Marriott International by 1.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,619,423 shares of the company’s stock valued at $502,410,000 after purchasing an additional 19,387 shares during the last quarter. 70.70% of the stock is owned by institutional investors and hedge funds.
Marriott International Price Performance
Marriott International stock opened at $353.87 on Friday. The stock’s 50 day moving average price is $367.30 and its 200 day moving average price is $358.99. Marriott International, Inc. has a 1-year low of $256.76 and a 1-year high of $410.98. The company has a market cap of $92.28 billion, a PE ratio of 36.67, a price-to-earnings-growth ratio of 2.78 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. Investors of record on Thursday, August 20th will be paid a $0.73 dividend. The ex-dividend date is Thursday, August 20th. This represents a $2.92 annualized dividend and a dividend yield of 0.8%. Marriott International’s dividend payout ratio (DPR) is 30.26%.
Wall Street Analyst Weigh In
MAR has been the subject of several analyst reports. China Intl Cap upgraded Marriott International to a “strong-buy” rating in a research note on Wednesday, August 12th. 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. Sanford C. Bernstein set a $412.00 price objective on shares of Marriott International in a research report on Monday, June 15th. Morgan Stanley lifted their target price on shares of Marriott International from $353.00 to $380.00 and gave the company an “overweight” rating in a report on Friday, July 17th. Finally, Stifel Nicolaus boosted their price target on shares of Marriott International from $352.00 to $365.00 and gave the stock a “hold” rating in a research note on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $385.65.
Read Our Latest Stock Report on MAR
About Marriott International
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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