Bokf Na Has $792,000 Holdings in Marriott International, Inc. (NASDAQ:MAR)

Bokf Na raised its stake in Marriott International, Inc. (NASDAQ:MAR) by 12.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,151 shares of the company’s stock after buying an additional 360 shares during the quarter. Bokf Na’s holdings in Marriott International were worth $792,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MAR. Manchester Capital Management LLC grew its stake in Marriott International by 2.3% in the fourth quarter. Manchester Capital Management LLC now owns 1,841 shares of the company’s stock valued at $415,000 after purchasing an additional 42 shares in the last quarter. Moody National Bank Trust Division increased its holdings 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 worth $927,000 after buying an additional 42 shares during 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 acquiring 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, Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its stake in shares of Marriott International by 2.8% during the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,673 shares of the company’s stock worth $377,000 after purchasing an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Marriott International Trading Up 0.2 %

MAR stock traded up $0.46 during trading on Monday, hitting $237.06. The company had a trading volume of 122,571 shares, compared to its average volume of 1,435,686. The company has a fifty day moving average price of $238.90 and a two-hundred day moving average price of $241.97. Marriott International, Inc. has a fifty-two week low of $180.75 and a fifty-two week high of $260.57. The company has a market cap of $67.71 billion, a P/E ratio of 24.42, a P/E/G ratio of 4.45 and a beta of 1.60.

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

Marriott International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, May 24th were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.06%. This is a boost from Marriott International’s previous quarterly dividend of $0.52. The ex-dividend date was Thursday, May 23rd. Marriott International’s payout ratio is currently 26.01%.

Analysts Set New Price Targets

MAR has been the topic of several recent analyst reports. Wells Fargo & Company dropped their target price on shares of Marriott International from $250.00 to $248.00 and set an “equal weight” rating on the stock in a report on Thursday, May 2nd. Robert W. Baird boosted their price objective on Marriott International from $248.00 to $250.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. JPMorgan Chase & Co. raised their target price on Marriott International from $235.00 to $255.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Susquehanna started coverage on Marriott International in a research report on Friday, June 21st. They issued a “neutral” rating and a $255.00 price objective for the company. Finally, Mizuho boosted their target price on shares of Marriott International from $260.00 to $265.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. Thirteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Marriott International has a consensus rating of “Hold” and an average price target of $243.59.

About Marriott International

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.