Roble Belko & Company Inc Acquires 93 Shares of Marriott International, Inc. (NASDAQ:MAR)

Roble Belko & Company Inc increased its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 845.5% in the 1st quarter, HoldingsChannel reports. The firm owned 104 shares of the company’s stock after acquiring an additional 93 shares during the period. Roble Belko & Company Inc’s holdings in Marriott International were worth $26,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. ORG Partners LLC grew its position in shares of Marriott International by 72.6% during the 4th quarter. ORG Partners LLC now owns 126 shares of the company’s stock worth $29,000 after buying an additional 53 shares during the period. Keener Financial Planning LLC acquired a new stake in Marriott International in the fourth quarter worth $30,000. Anchor Investment Management LLC bought a new stake in Marriott International in the fourth quarter valued at $31,000. Wetzel Investment Advisors Inc. acquired a new position in shares of Marriott International during the fourth quarter valued at about $33,000. Finally, Private Wealth Management Group LLC acquired a new stake in shares of Marriott International in the 4th quarter valued at about $33,000. 70.70% of the stock is currently owned by institutional investors.

Marriott International Price Performance

Shares of NASDAQ:MAR opened at $243.53 on Monday. The company has a market capitalization of $69.56 billion, a PE ratio of 25.13, a price-to-earnings-growth ratio of 4.59 and a beta of 1.60. Marriott International, Inc. has a 1 year low of $170.03 and a 1 year high of $260.57. The business has a fifty day moving average price of $237.19 and a two-hundred day moving average price of $238.29.

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

Marriott International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 24th will be issued a $0.63 dividend. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $2.52 annualized dividend and a yield of 1.03%. This is a positive change from Marriott International’s previous quarterly dividend of $0.52. Marriott International’s dividend payout ratio (DPR) is 26.01%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. UBS Group increased their price target on Marriott International from $210.00 to $259.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Barclays lifted their price target on shares of Marriott International from $239.00 to $240.00 and gave the company an “equal weight” rating in a research report on Friday, April 19th. Argus upped their price objective on shares of Marriott International from $270.00 to $280.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. Mizuho lifted their price objective on shares of Marriott International from $260.00 to $265.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. Finally, Robert W. Baird raised their price target on shares of Marriott International from $248.00 to $250.00 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 given a buy rating to the company’s stock. Based on data from MarketBeat.com, Marriott International currently has an average rating of “Hold” and a consensus target price of $242.19.

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.