Burney Co. Reduces Holdings in Marriott International, Inc. (NASDAQ:MAR)

Burney Co. trimmed its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 1.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,673 shares of the company’s stock after selling 151 shares during the quarter. Burney Co.’s holdings in Marriott International were worth $3,954,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Parnassus Investments LLC lifted its stake in Marriott International by 0.3% in 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 period. Redwood Investment Management LLC increased its holdings in shares of Marriott International by 208.3% during the fourth quarter. Redwood Investment Management LLC now owns 26,927 shares of the company’s stock valued at $6,072,000 after acquiring an additional 18,192 shares in the last quarter. Stifel Financial Corp increased its holdings in Marriott International by 3.5% in the 4th quarter. Stifel Financial Corp now owns 124,569 shares of the company’s stock worth $28,092,000 after buying an additional 4,247 shares during the period. Cerity Partners LLC increased its holdings in Marriott International by 86.8% in the 4th quarter. Cerity Partners LLC now owns 44,957 shares of the company’s stock worth $10,138,000 after buying an additional 20,890 shares during the period. Finally, First Pacific Advisors LP increased its holdings in Marriott International by 1.4% in the 4th quarter. First Pacific Advisors LP now owns 598,350 shares of the company’s stock worth $134,934,000 after buying an additional 8,151 shares during the period. 70.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MAR has been the topic of several research reports. Wells Fargo & Company cut their price target on shares of Marriott International from $248.00 to $238.00 and set an “equal weight” rating on the stock in a report on Thursday. Barclays increased their price target on shares of Marriott International from $240.00 to $251.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 17th. Mizuho increased their price target on shares of Marriott International from $260.00 to $265.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft lowered their price objective on Marriott International from $222.00 to $216.00 and set a “hold” rating on the stock in a research report on Thursday. Finally, BMO Capital Markets upped their price objective on Marriott International from $235.00 to $240.00 and gave the stock a “market perform” rating in a research report on Thursday, May 2nd. Fifteen 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 MarketBeat.com, Marriott International has an average rating of “Hold” and an average price target of $241.42.

Marriott International Price Performance

NASDAQ MAR traded down $5.11 during mid-day trading on Friday, hitting $213.67. The stock had a trading volume of 3,679,065 shares, compared to its average volume of 1,579,860. The firm’s 50 day moving average is $237.97 and its 200 day moving average is $241.79. Marriott International, Inc. has a twelve month low of $180.75 and a twelve month high of $260.57. The stock has a market capitalization of $60.15 billion, a price-to-earnings ratio of 22.05, a PEG ratio of 4.24 and a beta of 1.60.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $2.50 EPS for the quarter, beating the consensus estimate of $2.49 by $0.01. Marriott International had a negative return on equity of 239.60% and a net margin of 12.01%. The firm had revenue of $6.44 billion during the quarter, compared to the consensus estimate of $6.47 billion. During the same period in the prior year, the company earned $2.26 EPS. The firm’s revenue was up 6.0% compared to the same quarter last year. As a group, equities research analysts expect that Marriott International, Inc. will post 9.29 earnings per share for the current year.

Marriott International Announces Dividend

The company 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 1.18%. Marriott International’s dividend payout ratio is currently 26.01%.

Marriott International 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.