GAMMA Investing LLC Has $533,000 Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

GAMMA Investing LLC raised its position in Marriott International, Inc. (NASDAQ:MAR) by 33.0% in the second quarter, HoldingsChannel reports. The fund owned 2,203 shares of the company’s stock after purchasing an additional 547 shares during the quarter. GAMMA Investing LLC’s holdings in Marriott International were worth $533,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Parnassus Investments LLC boosted its position in shares of Marriott International by 0.3% during the fourth quarter. Parnassus Investments LLC now owns 2,457,382 shares of the company’s stock valued at $554,164,000 after buying an additional 7,135 shares during the last quarter. Redwood Investment Management LLC grew its stake in shares of Marriott International by 208.3% in the 4th quarter. Redwood Investment Management LLC now owns 26,927 shares of the company’s stock worth $6,072,000 after acquiring an additional 18,192 shares in the last quarter. Stifel Financial Corp raised its holdings in shares of Marriott International by 3.5% in the fourth quarter. Stifel Financial Corp now owns 124,569 shares of the company’s stock valued at $28,092,000 after purchasing an additional 4,247 shares during the last quarter. Cerity Partners LLC boosted its holdings in Marriott International by 86.8% during the fourth quarter. Cerity Partners LLC now owns 44,957 shares of the company’s stock worth $10,138,000 after purchasing an additional 20,890 shares during the last quarter. Finally, First Pacific Advisors LP increased its stake in Marriott International by 1.4% in the 4th quarter. First Pacific Advisors LP now owns 598,350 shares of the company’s stock valued at $134,934,000 after buying an additional 8,151 shares during the last quarter. 70.70% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MAR has been the subject of several recent analyst reports. Wells Fargo & Company reduced their target price on Marriott International from $248.00 to $238.00 and set an “equal weight” rating for the company in a report on Thursday. Deutsche Bank Aktiengesellschaft decreased their target price on Marriott International from $222.00 to $216.00 and set a “hold” rating for the company in a research report on Thursday. BMO Capital Markets increased 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. Robert W. Baird lowered their price objective on shares of Marriott International from $252.00 to $245.00 and set a “neutral” rating on the stock in a research report on Thursday. Finally, Susquehanna initiated coverage on shares of Marriott International in a research note on Friday, June 21st. They set a “neutral” rating and a $255.00 price target for the company. Fifteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $241.42.

Marriott International Stock Down 2.3 %

NASDAQ:MAR traded down $5.11 during mid-day trading on Friday, hitting $213.67. 3,679,065 shares of the stock traded hands, compared to its average volume of 1,579,860. The business’s 50-day moving average price is $237.97 and its 200 day moving average price is $242.00. The company has a market cap of $61.03 billion, a PE ratio of 22.05, a price-to-earnings-growth ratio of 4.24 and a beta of 1.60. Marriott International, Inc. has a 12-month low of $180.75 and a 12-month high of $260.57.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $6.44 billion for the quarter, compared to the consensus estimate of $6.47 billion. During the same quarter last year, the business posted $2.26 earnings per share. The firm’s revenue was up 6.0% compared to the same quarter last year. Analysts anticipate that Marriott International, Inc. will post 9.29 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 1.18%. Marriott International’s dividend payout ratio is currently 26.01%.

About Marriott International

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.