Marriott International, Inc. (NASDAQ:MAR) Shares Acquired by SPC Financial Inc.

SPC Financial Inc. increased its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 72.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,455 shares of the company’s stock after buying an additional 6,503 shares during the quarter. SPC Financial Inc.’s holdings in Marriott International were worth $3,842,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in MAR. Bangor Savings Bank raised its stake in Marriott International by 131.1% during the 2nd quarter. Bangor Savings Bank now owns 104 shares of the company’s stock valued at $25,000 after acquiring an additional 59 shares in the last quarter. Roble Belko & Company Inc lifted its holdings in Marriott International by 845.5% in the first quarter. Roble Belko & Company Inc now owns 104 shares of the company’s stock worth $26,000 after purchasing an additional 93 shares during the period. Hantz Financial Services Inc. bought a new position in shares of Marriott International in the second quarter valued at approximately $26,000. MFA Wealth Advisors LLC acquired a new position in Marriott International during the second quarter worth about $28,000. Finally, Benjamin Edwards Inc. bought a new stake in Marriott International in the first quarter worth about $29,000. 70.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on MAR shares. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Marriott International from $222.00 to $216.00 and set a “hold” rating for the company in a research report on Thursday, August 1st. JPMorgan Chase & Co. upped their price target on Marriott International from $235.00 to $255.00 and gave the company a “neutral” rating in a report on Friday, July 19th. The Goldman Sachs Group assumed coverage on Marriott International in a research note on Wednesday, September 18th. They set a “buy” rating and a $267.00 price objective for the company. UBS Group cut their target price on Marriott International from $267.00 to $244.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 13th. Finally, Macquarie reiterated a “neutral” rating and issued a $245.00 price target on shares of Marriott International in a research report on Friday, August 2nd. Twelve investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $248.65.

Marriott International Stock Performance

Shares of NASDAQ MAR opened at $262.57 on Thursday. The stock has a market cap of $75.00 billion, a price-to-earnings ratio of 27.10, a PEG ratio of 6.15 and a beta of 1.59. The business has a 50 day simple moving average of $237.02 and a 200 day simple moving average of $238.19. Marriott International, Inc. has a 52 week low of $180.75 and a 52 week high of $264.14.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $2.50 EPS for the quarter, topping the consensus estimate of $2.49 by $0.01. The company had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6.47 billion. Marriott International had a net margin of 12.01% and a negative return on equity of 239.60%. Marriott International’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.26 EPS. On average, analysts predict that Marriott International, Inc. will post 9.37 EPS for the current year.

Marriott International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, August 16th were paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date was Friday, August 16th. Marriott International’s payout ratio is 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, City Express by Marriott, and St.