Westshore Wealth LLC Acquires 93 Shares of Marriott International, Inc. (NASDAQ:MAR)

Westshore Wealth LLC increased its holdings in shares of Marriott International, Inc. (NASDAQ:MARGet Rating) by 6.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 1,548 shares of the company’s stock after acquiring an additional 93 shares during the period. Westshore Wealth LLC’s holdings in Marriott International were worth $211,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank bought a new stake in Marriott International during the 4th quarter valued at $398,339,000. Arrowstreet Capital Limited Partnership raised its holdings in Marriott International by 1,066.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,157,619 shares of the company’s stock worth $379,202,000 after purchasing an additional 1,972,684 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Marriott International by 16.6% during the first quarter. Massachusetts Financial Services Co. MA now owns 7,570,396 shares of the company’s stock worth $1,330,497,000 after buying an additional 1,076,070 shares during the period. State Street Corp raised its stake in shares of Marriott International by 5.3% in the fourth quarter. State Street Corp now owns 12,139,062 shares of the company’s stock valued at $2,005,859,000 after acquiring an additional 609,192 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of Marriott International by 21.6% in the first quarter. Invesco Ltd. now owns 3,201,583 shares of the company’s stock valued at $562,681,000 after acquiring an additional 568,014 shares in the last quarter. 70.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on MAR. Robert W. Baird raised their price target on Marriott International to $183.00 in a research note on Tuesday, August 9th. Barclays lifted their price target on shares of Marriott International from $164.00 to $170.00 in a research report on Wednesday, August 3rd. Deutsche Bank Aktiengesellschaft cut their price target on Marriott International from $164.00 to $155.00 in a report on Wednesday, August 3rd. Cowen decreased their price target on shares of Marriott International to $170.00 in a research report on Friday, July 22nd. Finally, Stifel Nicolaus boosted their price objective on shares of Marriott International from $150.00 to $161.00 in a report on Tuesday, August 2nd. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $177.71.

Marriott International Stock Performance

MAR stock traded down $2.96 during trading on Friday, reaching $137.15. 72,418 shares of the stock were exchanged, compared to its average volume of 1,910,354. Marriott International, Inc. has a twelve month low of $131.01 and a twelve month high of $195.90. The company has a market capitalization of $44.51 billion, a P/E ratio of 26.49, a price-to-earnings-growth ratio of 0.57 and a beta of 1.61. The stock has a 50 day simple moving average of $156.90 and a 200-day simple moving average of $160.96. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 4.64.

Marriott International (NASDAQ:MARGet Rating) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $1.80 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.25. The company had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $4.96 billion. Marriott International had a return on equity of 120.01% and a net margin of 9.72%. The company’s quarterly revenue was up 69.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.79 earnings per share. As a group, sell-side analysts anticipate that Marriott International, Inc. will post 6.52 earnings per share for the current year.

Marriott International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, August 18th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.87%. The ex-dividend date is Wednesday, August 17th. Marriott International’s payout ratio is 22.68%.

Insider Buying and Selling at Marriott International

In related news, Director Eric Hippeau sold 13,987 shares of the company’s stock in a transaction on Thursday, September 8th. The shares were sold at an average price of $158.77, for a total value of $2,220,715.99. Following the completion of the transaction, the director now directly owns 14,461 shares of the company’s stock, valued at approximately $2,295,972.97. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 12.21% of the company’s stock.

Marriott International Profile

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Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through U.S. and Canada, and International segments. It operates its properties under the JW Marriott, The Ritz-Carlton, Ritz-Carlton Reserve, W Hotels, The Luxury Collection, St.

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Institutional Ownership by Quarter for Marriott International (NASDAQ:MAR)

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