Marriott International, Inc. (NASDAQ:MAR) Shares Purchased by Trillium Asset Management LLC

Trillium Asset Management LLC boosted its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 99.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,075 shares of the company’s stock after buying an additional 35,897 shares during the quarter. Trillium Asset Management LLC’s holdings in Marriott International were worth $18,186,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in MAR. Blair William & Co. IL boosted its holdings in Marriott International by 31.6% during the 1st quarter. Blair William & Co. IL now owns 26,690 shares of the company’s stock valued at $6,734,000 after acquiring an additional 6,410 shares during the period. HBK Sorce Advisory LLC grew its stake in Marriott International by 2.4% during the 1st quarter. HBK Sorce Advisory LLC now owns 3,325 shares of the company’s stock worth $839,000 after purchasing an additional 77 shares in the last quarter. Kingsview Wealth Management LLC increased its holdings in Marriott International by 41.0% during the 1st quarter. Kingsview Wealth Management LLC now owns 3,595 shares of the company’s stock worth $907,000 after purchasing an additional 1,046 shares during the period. D Orazio & Associates Inc. boosted its stake in shares of Marriott International by 0.5% in the 1st quarter. D Orazio & Associates Inc. now owns 9,221 shares of the company’s stock valued at $2,327,000 after buying an additional 49 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Marriott International by 21.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 318,156 shares of the company’s stock worth $80,274,000 after buying an additional 55,573 shares during the period. 70.70% of the stock is owned by hedge funds and other institutional investors.

Marriott International Price Performance

NASDAQ:MAR traded down $0.18 during trading hours on Friday, reaching $243.91. 1,342,532 shares of the company traded hands, compared to its average volume of 1,453,842. The stock has a market cap of $69.67 billion, a P/E ratio of 25.21, a P/E/G ratio of 4.66 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 firm’s 50-day moving average is $238.74 and its 200-day moving average is $241.08.

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). The business had revenue of $5.98 billion during the quarter, compared to analyst estimates of $5.95 billion. Marriott International had a net margin of 12.00% and a negative return on equity of 376.88%. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.09 earnings per share. As a group, research analysts predict that Marriott International, Inc. will post 9.56 earnings per share for the current year.

Marriott International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, May 24th were issued a $0.63 dividend. This is an increase from Marriott International’s previous quarterly dividend of $0.52. This represents a $2.52 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend was Thursday, May 23rd. Marriott International’s dividend payout ratio is currently 26.01%.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Barclays lifted their price target on Marriott International from $240.00 to $251.00 and gave the stock an “equal weight” rating in a report on Wednesday. BMO Capital Markets boosted their price objective on shares of Marriott International from $235.00 to $240.00 and gave the stock a “market perform” rating in a research report on Thursday, May 2nd. JPMorgan Chase & Co. increased 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. Mizuho upped their price objective on shares of Marriott International from $260.00 to $265.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Finally, Wells Fargo & Company reduced their target price on Marriott International from $250.00 to $248.00 and set an “equal weight” rating for the company in a report on Thursday, May 2nd. Thirteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $243.59.

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.