Leeward Financial Partners LLC Has $1.04 Million Position in Marriott International, Inc. (NASDAQ:MAR)

Leeward Financial Partners LLC raised its stake in Marriott International, Inc. (NASDAQ:MAR) by 1.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,130 shares of the company’s stock after acquiring an additional 49 shares during the period. Leeward Financial Partners LLC’s holdings in Marriott International were worth $1,042,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Federated Hermes Inc. raised its holdings in shares of Marriott International by 178.1% during the 3rd quarter. Federated Hermes Inc. now owns 2,222 shares of the company’s stock worth $437,000 after buying an additional 1,423 shares in the last quarter. Mutual Advisors LLC raised its holdings in shares of Marriott International by 9.7% during the 3rd quarter. Mutual Advisors LLC now owns 1,201 shares of the company’s stock worth $236,000 after buying an additional 106 shares in the last quarter. Bank of Nova Scotia raised its holdings in shares of Marriott International by 8.8% during the 3rd quarter. Bank of Nova Scotia now owns 23,175 shares of the company’s stock worth $4,555,000 after buying an additional 1,866 shares in the last quarter. Lazard Asset Management LLC raised its holdings in shares of Marriott International by 55.0% during the 3rd quarter. Lazard Asset Management LLC now owns 6,288 shares of the company’s stock worth $1,235,000 after buying an additional 2,231 shares in the last quarter. Finally, Truist Financial Corp raised its holdings in shares of Marriott International by 76.7% during the 3rd quarter. Truist Financial Corp now owns 91,554 shares of the company’s stock worth $17,996,000 after buying an additional 39,746 shares in the last quarter. 70.70% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on MAR shares. BMO Capital Markets boosted 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. Susquehanna started 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. Robert W. Baird boosted their price objective on Marriott International from $248.00 to $250.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. Barclays boosted their price objective on Marriott International from $239.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Friday, April 19th. Finally, Mizuho upped their price target on Marriott International from $260.00 to $265.00 and gave the company a “neutral” rating in a research report on Thursday, May 2nd. Twelve equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Marriott International has an average rating of “Hold” and a consensus price target of $242.19.

Marriott International Stock Up 0.1 %

Shares of MAR traded up $0.19 during trading hours on Wednesday, reaching $240.17. 865,752 shares of the company traded hands, compared to its average volume of 1,460,806. The stock has a market capitalization of $68.60 billion, a P/E ratio of 24.87, a P/E/G ratio of 4.55 and a beta of 1.60. Marriott International, Inc. has a 12-month low of $178.24 and a 12-month high of $260.57. The business has a fifty day moving average price of $237.46 and a 200-day moving average price of $239.60.

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

Marriott International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, May 24th were given a dividend of $0.63 per share. The ex-dividend date of this dividend was Thursday, May 23rd. This is an increase from Marriott International’s previous quarterly dividend of $0.52. This represents a $2.52 dividend on an annualized basis and a yield of 1.05%. Marriott International’s 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.