Vima LLC Invests $62,000 in Marriott International, Inc. (NASDAQ:MAR)

Vima LLC bought a new stake in Marriott International, Inc. (NASDAQ:MAR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 276 shares of the company’s stock, valued at approximately $62,000.

A number of other hedge funds also recently modified their holdings of MAR. Norges Bank purchased a new stake in shares of Marriott International in the fourth quarter valued at $461,525,000. FMR LLC raised its holdings in shares of Marriott International by 16.1% during the third quarter. FMR LLC now owns 8,634,610 shares of the company’s stock worth $1,697,219,000 after acquiring an additional 1,194,665 shares in the last quarter. Jennison Associates LLC raised its holdings in shares of 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 raised its holdings in shares of 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 in the last quarter. Finally, Public Employees Retirement Association of Colorado raised its holdings in shares of Marriott International by 557.2% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 496,505 shares of the company’s stock worth $111,967,000 after acquiring an additional 420,962 shares in the last quarter. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Marriott International Price Performance

Shares of NASDAQ:MAR traded down $1.02 during trading on Friday, reaching $239.45. The stock had a trading volume of 1,566,397 shares, compared to its average volume of 1,203,409. Marriott International, Inc. has a 52 week low of $170.03 and a 52 week high of $260.57. The business’s 50-day moving average price is $238.29 and its 200 day moving average price is $236.50. The stock has a market capitalization of $68.39 billion, a PE ratio of 24.71, a P/E/G ratio of 4.54 and a beta of 1.60.

Marriott International (NASDAQ:MAR) last posted its earnings results on Wednesday, May 1st. The company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $5.98 billion during the quarter, compared to the consensus estimate of $5.95 billion. During the same quarter last year, the firm posted $2.09 EPS. The business’s revenue was up 6.4% on a year-over-year basis. Analysts forecast that Marriott International, Inc. will post 9.53 EPS for the current year.

Marriott International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 24th will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend is Thursday, May 23rd. This is a boost from Marriott International’s previous quarterly dividend of $0.52. Marriott International’s payout ratio is 26.01%.

Analysts Set New Price Targets

MAR has been the subject of several recent research reports. Mizuho increased their price objective 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 raised their target price on Marriott International from $210.00 to $259.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. Argus raised their target price on Marriott International from $270.00 to $280.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. BMO Capital Markets raised their target price on Marriott International from $235.00 to $240.00 and gave the company a “market perform” rating in a report on Thursday, May 2nd. Finally, Barclays raised their price target on Marriott International from $239.00 to $240.00 and gave the company an “equal weight” rating in a research report on Friday, April 19th. Eleven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $241.33.

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.