Williams Jones Wealth Management LLC. Has $1.81 Million Holdings in Marriott International, Inc. (NASDAQ:MAR)

Williams Jones Wealth Management LLC. lessened its holdings in Marriott International, Inc. (NASDAQ:MAR) by 14.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,189 shares of the company’s stock after selling 1,233 shares during the quarter. Williams Jones Wealth Management LLC.’s holdings in Marriott International were worth $1,814,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in MAR. Jennison Associates LLC raised its position in Marriott International by 34.8% during the fourth quarter. Jennison Associates LLC now owns 4,547,098 shares of the company’s stock worth $1,025,416,000 after acquiring an additional 1,173,028 shares in the last quarter. Capital International Investors lifted its position in Marriott International by 42.2% during the fourth quarter. Capital International Investors now owns 3,147,501 shares of the company’s stock worth $709,793,000 after acquiring an additional 934,304 shares during the last quarter. Parnassus Investments LLC lifted its position in Marriott International by 0.3% during the fourth quarter. Parnassus Investments LLC now owns 2,457,382 shares of the company’s stock worth $554,164,000 after acquiring an additional 7,135 shares during the last quarter. Norges Bank acquired a new stake in Marriott International during the fourth quarter worth approximately $461,525,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Marriott International by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,434,785 shares of the company’s stock valued at $323,558,000 after buying an additional 27,532 shares in the last quarter. Institutional investors own 70.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MAR. BMO Capital Markets lifted their price target on shares of Marriott International from $235.00 to $240.00 and gave the company a “market perform” rating in a research report on Thursday, May 2nd. Barclays lifted their price objective on shares of Marriott International from $239.00 to $240.00 and gave the company an “equal weight” rating in a research note on Friday, April 19th. Wells Fargo & Company reduced their price objective on shares of Marriott International from $250.00 to $248.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 2nd. Robert W. Baird boosted their price objective on shares of Marriott International from $248.00 to $250.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. Finally, Susquehanna assumed coverage on shares of Marriott International in a research note on Friday, June 21st. They issued a “neutral” rating and a $255.00 price objective on the stock. Twelve 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 presently has a consensus rating of “Hold” and an average target price of $242.19.

Marriott International Stock Performance

NASDAQ MAR traded up $7.13 on Tuesday, hitting $253.80. The stock had a trading volume of 893,530 shares, compared to its average volume of 1,447,896. Marriott International, Inc. has a 52-week low of $180.75 and a 52-week high of $260.57. The company has a market capitalization of $72.49 billion, a price-to-earnings ratio of 25.46, a price-to-earnings-growth ratio of 4.57 and a beta of 1.60. The firm has a 50-day moving average of $237.98 and a 200-day moving average of $240.80.

Marriott International (NASDAQ:MAR) last released its earnings results on Wednesday, May 1st. The company reported $2.13 EPS for the quarter, missing the consensus estimate 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 business had revenue of $5.98 billion for the quarter, compared to the consensus estimate of $5.95 billion. During the same period in the prior year, the business posted $2.09 EPS. Marriott International’s revenue for the quarter was up 6.4% on a year-over-year basis. As a group, research analysts anticipate that Marriott International, Inc. will post 9.55 earnings per share for the current fiscal year.

Marriott International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, May 24th were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date was Thursday, May 23rd. This is a positive change from Marriott International’s previous quarterly dividend of $0.52. Marriott International’s dividend payout ratio (DPR) is 26.01%.

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.