Marriott International, Inc. (NASDAQ:MAR) Shares Sold by Chapman Investment Management LLC

Chapman Investment Management LLC lowered its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 2.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,405 shares of the company’s stock after selling 318 shares during the period. Marriott International makes up approximately 2.9% of Chapman Investment Management LLC’s portfolio, making the stock its 15th largest position. Chapman Investment Management LLC’s holdings in Marriott International were worth $3,887,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Manchester Capital Management LLC lifted its holdings in shares of Marriott International by 2.3% in 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% during the first quarter. Moody National Bank Trust Division now owns 3,673 shares of the company’s stock worth $927,000 after purchasing an additional 42 shares in the last quarter. Kathmere Capital Management LLC boosted its position in shares of Marriott International by 1.2% during the first quarter. Kathmere Capital Management LLC now owns 3,599 shares of the company’s stock worth $908,000 after buying an additional 42 shares during the period. Grove Bank & Trust grew its stake in shares of Marriott International by 3.4% in the fourth quarter. Grove Bank & Trust now owns 1,307 shares of the company’s stock valued at $295,000 after buying an additional 43 shares in the last quarter. Finally, Argus Investors Counsel Inc. raised its holdings in shares of Marriott International by 0.6% in the 4th quarter. Argus Investors Counsel Inc. now owns 7,731 shares of the company’s stock valued at $1,743,000 after buying an additional 45 shares during the period. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Marriott International Stock Down 1.1 %

Shares of NASDAQ MAR traded down $2.74 during mid-day trading on Thursday, hitting $239.78. 1,765,431 shares of the company were exchanged, compared to its average volume of 1,453,113. The firm has a market cap of $68.49 billion, a price-to-earnings ratio of 24.79, a price-to-earnings-growth ratio of 4.52 and a beta of 1.60. The stock has a 50 day simple moving average of $237.54 and a 200-day simple moving average of $240.28. Marriott International, Inc. has a 1-year low of $180.75 and a 1-year high of $260.57.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.04). Marriott International had a negative return on equity of 376.88% and a net margin of 12.00%. The firm had revenue of $5.98 billion for the quarter, compared to analysts’ expectations of $5.95 billion. During the same period in the prior year, the company earned $2.09 earnings per share. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. Analysts anticipate that Marriott International, Inc. will post 9.55 earnings per share for the current fiscal year.

Marriott International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, May 24th were paid a dividend of $0.63 per share. The ex-dividend date was Thursday, May 23rd. This is a boost from Marriott International’s previous quarterly dividend of $0.52. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.05%. Marriott International’s dividend payout ratio is 26.01%.

Analyst Ratings Changes

MAR has been the subject of several research reports. Wells Fargo & Company dropped their target price on Marriott International from $250.00 to $248.00 and set an “equal weight” rating for the company in a research report on Thursday, May 2nd. 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. Barclays raised their price target on shares of Marriott International from $239.00 to $240.00 and gave the company an “equal weight” rating in a research report on Friday, April 19th. Susquehanna initiated coverage on Marriott International in a research report on Friday, June 21st. They set a “neutral” rating and a $255.00 price objective on the stock. Finally, BMO Capital Markets boosted their target price on Marriott International from $235.00 to $240.00 and gave the stock a “market perform” rating in a research note on Thursday, May 2nd. Twelve investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Marriott International has a consensus rating of “Hold” and a consensus target price of $242.19.

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.