Marriott International, Inc. (NASDAQ:MAR) Shares Bought by V Square Quantitative Management LLC

V Square Quantitative Management LLC increased its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 29.4% during the 3rd quarter, Holdings Channel.com reports. The fund owned 2,550 shares of the company’s stock after purchasing an additional 579 shares during the quarter. V Square Quantitative Management LLC’s holdings in Marriott International were worth $634,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Marriott International by 1.8% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 32,339 shares of the company’s stock valued at $8,039,000 after acquiring an additional 566 shares during the period. Vista Investment Partners LLC boosted its stake in Marriott International by 1.0% during the 3rd quarter. Vista Investment Partners LLC now owns 12,080 shares of the company’s stock worth $3,003,000 after purchasing an additional 115 shares during the period. Bleakley Financial Group LLC increased its stake in Marriott International by 7.5% in the third quarter. Bleakley Financial Group LLC now owns 5,728 shares of the company’s stock valued at $1,424,000 after purchasing an additional 400 shares during the period. SPC Financial Inc. raised its holdings in shares of Marriott International by 72.6% in the third quarter. SPC Financial Inc. now owns 15,455 shares of the company’s stock valued at $3,842,000 after buying an additional 6,503 shares during the last quarter. Finally, Fulton Breakefield Broenniman LLC boosted its stake in shares of Marriott International by 15.9% during the third quarter. Fulton Breakefield Broenniman LLC now owns 8,461 shares of the company’s stock worth $2,103,000 after buying an additional 1,163 shares during the period. 70.70% of the stock is owned by hedge funds and other institutional investors.

Marriott International Stock Performance

Marriott International stock opened at $265.60 on Friday. The firm has a market capitalization of $75.86 billion, a price-to-earnings ratio of 27.41, a price-to-earnings-growth ratio of 6.15 and a beta of 1.59. Marriott International, Inc. has a fifty-two week low of $180.75 and a fifty-two week high of $266.58. The stock’s fifty day moving average is $238.95 and its two-hundred day moving average is $238.48.

Marriott International (NASDAQ:MAR) last posted its earnings results on Wednesday, July 31st. The company reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.49 by $0.01. Marriott International had a net margin of 12.01% and a negative return on equity of 239.60%. The firm had revenue of $6.44 billion during the quarter, compared to the consensus estimate of $6.47 billion. During the same period last year, the firm posted $2.26 EPS. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, sell-side analysts forecast that Marriott International, Inc. will post 9.37 EPS for the current fiscal year.

Marriott International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, August 16th were given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Friday, August 16th. Marriott International’s payout ratio is 26.01%.

Analyst Ratings Changes

MAR has been the subject of several analyst reports. Robert W. Baird set a $258.00 price objective on Marriott International in a research note on Thursday. Wells Fargo & Company lowered their price objective on shares of Marriott International from $248.00 to $238.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 1st. The Goldman Sachs Group began coverage on shares of Marriott International in a research note on Wednesday, September 18th. They issued a “buy” rating and a $267.00 price objective on the stock. JPMorgan Chase & Co. lifted their target price on shares of Marriott International from $235.00 to $255.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Finally, Morgan Stanley reduced their price objective on shares of Marriott International from $268.00 to $250.00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. Twelve 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 presently has an average rating of “Hold” and a consensus target price of $249.41.

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, City Express by Marriott, and St.