HBK Sorce Advisory LLC Purchases 77 Shares of Marriott International, Inc. (NASDAQ:MAR)

HBK Sorce Advisory LLC increased its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 2.4% during the first quarter, HoldingsChannel reports. The institutional investor owned 3,325 shares of the company’s stock after buying an additional 77 shares during the quarter. HBK Sorce Advisory LLC’s holdings in Marriott International were worth $839,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Manchester Capital Management LLC increased its stake in shares of Marriott International by 2.3% during the 4th quarter. Manchester Capital Management LLC now owns 1,841 shares of the company’s stock worth $415,000 after purchasing an additional 42 shares during the last quarter. Moody National Bank Trust Division increased its stake in shares of Marriott International by 1.2% during the 1st quarter. Moody National Bank Trust Division now owns 3,673 shares of the company’s stock worth $927,000 after purchasing an additional 42 shares during the last quarter. Kathmere Capital Management LLC increased its stake in shares of Marriott International by 1.2% during the 1st quarter. Kathmere Capital Management LLC now owns 3,599 shares of the company’s stock worth $908,000 after purchasing an additional 42 shares during the last quarter. Grove Bank & Trust increased its stake in shares of Marriott International by 3.4% during the 4th quarter. Grove Bank & Trust now owns 1,307 shares of the company’s stock worth $295,000 after purchasing an additional 43 shares during the last quarter. Finally, Argus Investors Counsel Inc. increased its stake in shares of Marriott International by 0.6% during the 4th quarter. Argus Investors Counsel Inc. now owns 7,731 shares of the company’s stock worth $1,743,000 after purchasing an additional 45 shares during the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. BMO Capital Markets lifted their price objective on shares of Marriott International from $235.00 to $240.00 and gave the company a “market perform” rating in a research note on Thursday, May 2nd. JPMorgan Chase & Co. lifted their price objective on shares of Marriott International from $235.00 to $255.00 and gave the company a “neutral” rating in a research note on Friday. Mizuho lifted their price objective on shares of Marriott International from $260.00 to $265.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Robert W. Baird lifted their price objective on shares of Marriott International from $248.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Finally, Wells Fargo & Company cut their price target on shares of Marriott International from $250.00 to $248.00 and set an “equal weight” rating for the company in a report on Thursday, May 2nd. Thirteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $243.59.

Marriott International Stock Performance

NASDAQ:MAR traded down $0.18 during trading hours on Friday, reaching $243.91. The company’s stock had a trading volume of 1,331,489 shares, compared to its average volume of 1,453,761. The firm has a market capitalization of $69.67 billion, a price-to-earnings ratio of 25.21, a PEG ratio of 4.66 and a beta of 1.60. The firm has a 50-day simple moving average of $238.74 and a 200-day simple moving average of $241.08. Marriott International, Inc. has a 1 year low of $180.75 and a 1 year high of $260.57.

Marriott International (NASDAQ:MAR) last issued its earnings results on Wednesday, May 1st. The company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The business had revenue of $5.98 billion during the quarter, compared to analysts’ expectations of $5.95 billion. Marriott International had a negative return on equity of 376.88% and a net margin of 12.00%. Marriott International’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.09 EPS. Equities analysts anticipate that Marriott International, Inc. will post 9.56 earnings per share for the current fiscal year.

Marriott International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, May 24th were given a $0.63 dividend. This is a boost from Marriott International’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.03%. Marriott International’s payout ratio is presently 26.01%.

Marriott International Company 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.