Intech Investment Management LLC Has $1.82 Million Stake in Marriott International, Inc. (NASDAQ:MAR)

Intech Investment Management LLC decreased its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 8.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,210 shares of the company’s stock after selling 669 shares during the quarter. Intech Investment Management LLC’s holdings in Marriott International were worth $1,819,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Manchester Capital Management LLC boosted its stake in 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 acquiring an additional 42 shares during the last quarter. Moody National Bank Trust Division lifted its stake in Marriott International by 1.2% in the first quarter. Moody National Bank Trust Division now owns 3,673 shares of the company’s stock valued at $927,000 after buying an additional 42 shares in the last quarter. Kathmere Capital Management LLC lifted its stake in Marriott International by 1.2% in the first quarter. Kathmere Capital Management LLC now owns 3,599 shares of the company’s stock valued at $908,000 after buying an additional 42 shares in the last quarter. Grove Bank & Trust boosted its holdings in Marriott International by 3.4% during the fourth 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. boosted its holdings in Marriott International by 0.6% during the fourth 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.

Marriott International Stock Performance

NASDAQ:MAR traded down $0.18 during mid-day trading on Friday, reaching $243.91. 1,342,586 shares of the company’s stock were exchanged, compared to its average volume of 1,635,104. Marriott International, Inc. has a one year low of $180.75 and a one year high of $260.57. The firm has a market capitalization of $69.67 billion, a PE ratio of 25.17, a price-to-earnings-growth ratio of 4.59 and a beta of 1.60. The business’s fifty day simple moving average is $238.81 and its two-hundred day simple moving average is $241.34.

Marriott International (NASDAQ:MAR) last released its quarterly 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 for the quarter, compared to the consensus estimate 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 was up 6.4% compared to the same quarter last year. During the same period in the prior year, the business posted $2.09 earnings per share. As a group, equities research analysts forecast that Marriott International, Inc. will post 9.56 EPS for the current 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 paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.03%. This is an increase from Marriott International’s previous quarterly dividend of $0.52. The ex-dividend date was Thursday, May 23rd. Marriott International’s dividend payout ratio is presently 26.01%.

Wall Street Analyst Weigh In

Several research firms have issued reports on MAR. Wells Fargo & Company dropped their price target on shares of Marriott International from $250.00 to $248.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 2nd. Susquehanna began coverage on shares of Marriott International in a research report on Friday, June 21st. They set a “neutral” rating and a $255.00 price target on the stock. Robert W. Baird upped their price target on shares of Marriott International from $248.00 to $250.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. BMO Capital Markets upped their price target on shares of Marriott International from $235.00 to $240.00 and gave the stock a “market perform” rating in a research report on Thursday, May 2nd. Finally, Barclays increased their price objective on shares of Marriott International from $240.00 to $251.00 and gave the company an “equal weight” rating in a research report on Wednesday. Thirteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $243.59.

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.