BI Asset Management Fondsmaeglerselskab A S Has $8.11 Million Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

BI Asset Management Fondsmaeglerselskab A S lessened its position in Marriott International, Inc. (NASDAQ:MAR) by 6.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,155 shares of the company’s stock after selling 2,168 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Marriott International were worth $8,113,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV raised its holdings in Marriott International by 1.8% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 30,612 shares of the company’s stock valued at $6,017,000 after acquiring an additional 544 shares in the last quarter. Braun Stacey Associates Inc. raised its position in Marriott International by 4.2% in the third quarter. Braun Stacey Associates Inc. now owns 119,154 shares of the company’s stock worth $23,421,000 after purchasing an additional 4,826 shares in the last quarter. Invst LLC grew its stake in shares of Marriott International by 3.5% in the 3rd quarter. Invst LLC now owns 8,889 shares of the company’s stock valued at $1,747,000 after purchasing an additional 298 shares during the period. Public Sector Pension Investment Board raised its holdings in shares of Marriott International by 8.7% in the 3rd quarter. Public Sector Pension Investment Board now owns 26,836 shares of the company’s stock worth $5,275,000 after buying an additional 2,145 shares in the last quarter. Finally, Polar Capital Holdings Plc acquired a new stake in Marriott International in the 3rd quarter valued at $7,874,000. 70.70% of the stock is owned by institutional investors and hedge funds.

Marriott International Trading Up 0.3 %

Shares of MAR traded up $0.63 on Wednesday, reaching $238.15. 224,533 shares of the company’s stock were exchanged, compared to its average volume of 1,441,938. The business has a 50 day moving average price of $237.36 and a two-hundred day moving average price of $240.26. Marriott International, Inc. has a 12 month low of $180.75 and a 12 month high of $260.57. The stock has a market capitalization of $68.02 billion, a P/E ratio of 24.57, a price-to-earnings-growth ratio of 4.52 and a beta of 1.60.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $2.13 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 company had revenue of $5.98 billion during the quarter, compared to the consensus estimate of $5.95 billion. During the same period last year, the company earned $2.09 earnings per share. The business’s revenue was up 6.4% compared to the same quarter last year. Equities research analysts predict that Marriott International, Inc. will post 9.55 EPS for the current 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 paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.06%. This is a boost from Marriott International’s previous quarterly dividend of $0.52. The ex-dividend date was Thursday, May 23rd. Marriott International’s dividend payout ratio is presently 26.01%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on MAR shares. Argus lifted their price objective 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 boosted 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. Mizuho raised their price objective 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. Susquehanna began coverage on Marriott International in a report on Friday, June 21st. They issued a “neutral” rating and a $255.00 target price on the stock. Finally, Robert W. Baird lifted their price objective on Marriott International from $248.00 to $250.00 and gave the company a “neutral” rating in a research report on Thursday, May 2nd. Twelve investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $242.19.

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.