Marriott International, Inc. (NASDAQ:MAR) Shares Bought by Tucker Asset Management LLC

Tucker Asset Management LLC boosted its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 6.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,088 shares of the company’s stock after acquiring an additional 200 shares during the quarter. Tucker Asset Management LLC’s holdings in Marriott International were worth $696,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Marriott International during the 4th quarter worth approximately $461,525,000. FMR LLC raised its stake in shares of Marriott International by 16.1% during the 3rd quarter. FMR LLC now owns 8,634,610 shares of the company’s stock worth $1,697,219,000 after buying an additional 1,194,665 shares in the last quarter. Jennison Associates LLC raised its stake in shares of Marriott International by 34.8% during the 4th quarter. Jennison Associates LLC now owns 4,547,098 shares of the company’s stock worth $1,025,416,000 after buying an additional 1,173,028 shares in the last quarter. Capital International Investors raised its stake in shares of Marriott International by 42.2% during the 4th quarter. Capital International Investors now owns 3,147,501 shares of the company’s stock worth $709,793,000 after buying an additional 934,304 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado raised its stake in shares of Marriott International by 557.2% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 496,505 shares of the company’s stock worth $111,967,000 after buying an additional 420,962 shares in the last quarter. 70.70% of the stock is owned by institutional investors and hedge funds.

Marriott International Trading Down 0.4 %

Shares of MAR traded down $1.02 during midday trading on Friday, reaching $239.45. 1,566,397 shares of the company were exchanged, compared to its average volume of 1,203,409. The stock has a 50-day moving average price of $238.29 and a 200-day moving average price of $236.72. The company has a market cap of $68.39 billion, a price-to-earnings ratio of 24.71, a P/E/G ratio of 4.54 and a beta of 1.60. Marriott International, Inc. has a 1-year low of $170.03 and a 1-year high of $260.57.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The company had revenue of $5.98 billion for the quarter, compared to analyst estimates of $5.95 billion. Marriott International had a negative return on equity of 376.88% and a net margin of 12.00%. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.09 EPS. Equities research analysts anticipate that Marriott International, Inc. will post 9.53 earnings per share for the current year.

Marriott International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 24th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.05%. This is a positive change from Marriott International’s previous quarterly dividend of $0.52. The ex-dividend date is Thursday, May 23rd. Marriott International’s payout ratio is presently 26.01%.

Analysts Set New Price Targets

MAR has been the subject of several research analyst reports. Barclays raised their price objective on Marriott International from $239.00 to $240.00 and gave the company an “equal weight” rating in a research note on Friday, April 19th. BMO Capital Markets raised their price objective on Marriott International from $235.00 to $240.00 and gave the company a “market perform” rating in a research note on Thursday, May 2nd. UBS Group raised their price objective on Marriott International from $210.00 to $259.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. Mizuho raised their price target on Marriott International from $260.00 to $265.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. Finally, Argus raised their price target on Marriott International from $270.00 to $280.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Eleven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Marriott International currently has a consensus rating of “Hold” and a consensus price target of $241.33.

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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.