Tidal Investments LLC Sells 7,392 Shares of Marriott International, Inc. (NASDAQ:MAR)

Tidal Investments LLC reduced its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 34.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,897 shares of the company’s stock after selling 7,392 shares during the quarter. Tidal Investments LLC’s holdings in Marriott International were worth $3,512,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in shares of Marriott International by 1.8% in the 1st quarter. JPMorgan Chase & Co. now owns 10,616,899 shares of the company’s stock worth $2,678,750,000 after buying an additional 192,652 shares during the period. Jennison Associates LLC lifted its stake in shares of Marriott International by 34.8% in the 4th quarter. Jennison Associates LLC now owns 4,547,098 shares of the company’s stock worth $1,025,416,000 after purchasing an additional 1,173,028 shares during the period. Capital International Investors lifted its stake in shares of Marriott International by 4.7% in the 1st quarter. Capital International Investors now owns 3,296,879 shares of the company’s stock worth $831,836,000 after purchasing an additional 149,378 shares during the period. Parnassus Investments LLC lifted its stake in shares of Marriott International by 0.3% in the 4th quarter. Parnassus Investments LLC now owns 2,457,382 shares of the company’s stock worth $554,164,000 after purchasing an additional 7,135 shares during the period. Finally, Norges Bank bought a new stake in Marriott International during the 4th quarter worth approximately $461,525,000. 70.70% of the stock is currently owned by institutional investors.

Marriott International Stock Down 1.9 %

Shares of MAR stock traded down $4.12 during trading hours on Friday, hitting $214.66. 352,629 shares of the company’s stock were exchanged, compared to its average volume of 1,469,400. The firm has a market cap of $61.31 billion, a P/E ratio of 22.58, a P/E/G ratio of 4.39 and a beta of 1.60. The firm has a 50 day moving average of $238.43 and a two-hundred day moving average of $241.88. Marriott International, Inc. has a fifty-two week low of $180.75 and a fifty-two week high of $260.57.

Marriott International (NASDAQ:MAR) last issued its earnings results on Wednesday, July 31st. The company reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.49 by $0.01. The company had revenue of $6.44 billion during the quarter, compared to analysts’ expectations of $6.47 billion. Marriott International had a negative return on equity of 306.69% and a net margin of 12.01%. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.26 EPS. On average, equities analysts forecast that Marriott International, Inc. will post 9.31 earnings per share for the current fiscal year.

Marriott International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, May 24th were paid a dividend of $0.63 per share. This is a positive change 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 annualized dividend and a yield of 1.17%. Marriott International’s dividend payout ratio is presently 26.01%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft cut their target price on shares of Marriott International from $222.00 to $216.00 and set a “hold” rating for the company in a report on Thursday. BMO Capital Markets raised their price target on Marriott International from $235.00 to $240.00 and gave the stock a “market perform” rating in a research report on Thursday, May 2nd. Susquehanna initiated coverage on Marriott International in a research report on Friday, June 21st. They issued a “neutral” rating and a $255.00 price target for the company. Barclays lifted their target price on Marriott International from $240.00 to $251.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 17th. Finally, Robert W. Baird decreased their target price on Marriott International from $252.00 to $245.00 and set a “neutral” rating for the company in a research report on Thursday. Fourteen analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $241.22.

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.