Marriott International, Inc. (NASDAQ:MAR) Shares Acquired by PGGM Investments

PGGM Investments increased its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 8.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,348 shares of the company’s stock after purchasing an additional 1,572 shares during the period. PGGM Investments’ holdings in Marriott International were worth $4,920,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Cerity Partners LLC increased its holdings in Marriott International by 86.8% in the fourth quarter. Cerity Partners LLC now owns 44,957 shares of the company’s stock valued at $10,138,000 after buying an additional 20,890 shares in the last quarter. Valeo Financial Advisors LLC grew its position in shares of Marriott International by 37.3% in the fourth quarter. Valeo Financial Advisors LLC now owns 2,199 shares of the company’s stock valued at $496,000 after purchasing an additional 597 shares during the period. ORG Partners LLC grew its position in shares of Marriott International by 72.6% in the fourth quarter. ORG Partners LLC now owns 126 shares of the company’s stock valued at $29,000 after purchasing an additional 53 shares during the period. Graypoint LLC grew its position in shares of Marriott International by 15.0% in the fourth quarter. Graypoint LLC now owns 1,964 shares of the company’s stock valued at $443,000 after purchasing an additional 256 shares during the period. Finally, Vontobel Holding Ltd. grew its position in shares of Marriott International by 14.7% in the fourth quarter. Vontobel Holding Ltd. now owns 79,403 shares of the company’s stock valued at $17,906,000 after purchasing an additional 10,197 shares during the period. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Marriott International Stock Up 2.1 %

NASDAQ:MAR traded up $4.61 during trading hours on Thursday, reaching $221.71. 662,694 shares of the company’s stock were exchanged, compared to its average volume of 1,502,364. The firm has a market capitalization of $63.33 billion, a price-to-earnings ratio of 22.40, a P/E/G ratio of 4.24 and a beta of 1.60. Marriott International, Inc. has a 1-year low of $180.75 and a 1-year high of $260.57. The company has a 50-day moving average of $235.42 and a 200 day moving average of $240.73.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.49 by $0.01. The company had revenue of $6.44 billion during the quarter, compared to the consensus estimate of $6.47 billion. Marriott International had a net margin of 12.01% and a negative return on equity of 239.60%. Marriott International’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.26 EPS. Research analysts forecast that Marriott International, Inc. will post 9.29 EPS for the current fiscal year.

Marriott International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 16th will be given a dividend of $0.63 per share. The ex-dividend date is Friday, August 16th. This represents a $2.52 dividend on an annualized basis and a yield of 1.14%. Marriott International’s payout ratio is currently 26.01%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their target price on shares of Marriott International from $235.00 to $255.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. Truist Financial decreased their target price on shares of Marriott International from $263.00 to $254.00 and set a “hold” rating on the stock in a report on Tuesday, August 6th. Robert W. Baird decreased their target price on shares of Marriott International from $252.00 to $245.00 and set a “neutral” rating on the stock in a report on Thursday, August 1st. UBS Group reduced their price target on shares of Marriott International from $267.00 to $244.00 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, Mizuho upped their target price on shares of Marriott International from $260.00 to $265.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. Fourteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Marriott International has an average rating of “Hold” and a consensus target price of $242.39.

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.