BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $19.91 Million Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 2.4% during the second quarter, Holdings Channel reports. The institutional investor owned 82,360 shares of the company’s stock after purchasing an additional 1,892 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Marriott International were worth $19,912,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Modera Wealth Management LLC raised its stake in shares of Marriott International by 1.7% in the second quarter. Modera Wealth Management LLC now owns 4,408 shares of the company’s stock valued at $1,066,000 after acquiring an additional 72 shares during the last quarter. Bank OZK raised its position in shares of Marriott International by 17.7% during the 2nd quarter. Bank OZK now owns 6,885 shares of the company’s stock valued at $1,665,000 after acquiring an additional 1,035 shares during the last quarter. F M Investments LLC bought a new stake in Marriott International in the second quarter valued at about $19,765,000. Banco Santander S.A. increased its holdings in Marriott International by 153.8% in the second quarter. Banco Santander S.A. now owns 3,710 shares of the company’s stock valued at $897,000 after purchasing an additional 2,248 shares during the last quarter. Finally, Arkadios Wealth Advisors increased its holdings in Marriott International by 10.7% in the second quarter. Arkadios Wealth Advisors now owns 1,478 shares of the company’s stock valued at $357,000 after purchasing an additional 143 shares during the last quarter. Institutional investors own 70.70% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on MAR. Mizuho increased their price target on Marriott International from $260.00 to $265.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. UBS Group decreased their price objective on Marriott International from $267.00 to $244.00 and set a “neutral” rating for the company in a report on Tuesday, August 13th. Susquehanna began coverage on shares of Marriott International in a research note on Friday, June 21st. They set a “neutral” rating and a $255.00 price objective on the stock. Morgan Stanley dropped their price objective on Marriott International from $268.00 to $250.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. Finally, Macquarie reiterated a “neutral” rating and set a $245.00 target price on shares of Marriott International in a research note on Friday, August 2nd. Fourteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $243.42.

Marriott International Price Performance

MAR traded up $3.32 on Friday, hitting $234.69. 2,218,111 shares of the stock were exchanged, compared to its average volume of 1,488,453. Marriott International, Inc. has a 12 month low of $180.75 and a 12 month high of $260.57. The firm has a market capitalization of $67.03 billion, a price-to-earnings ratio of 24.22, a PEG ratio of 4.24 and a beta of 1.60. The business has a 50-day moving average of $232.53 and a two-hundred day moving average of $239.26.

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

Marriott International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 16th will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Friday, August 16th. Marriott International’s dividend payout ratio (DPR) is presently 26.01%.

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.