Occidental Asset Management LLC Sells 256 Shares of Marriott International, Inc. (NASDAQ:MAR)

Occidental Asset Management LLC trimmed its position in Marriott International, Inc. (NASDAQ:MAR) by 23.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 820 shares of the company’s stock after selling 256 shares during the quarter. Occidental Asset Management LLC’s holdings in Marriott International were worth $207,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Roble Belko & Company Inc grew its stake in Marriott International by 845.5% in the 1st quarter. Roble Belko & Company Inc now owns 104 shares of the company’s stock valued at $26,000 after buying an additional 93 shares during the last quarter. ORG Partners LLC grew its stake in Marriott International by 72.6% in the 4th quarter. ORG Partners LLC now owns 126 shares of the company’s stock valued at $29,000 after buying an additional 53 shares during the last quarter. Keener Financial Planning LLC acquired a new position in Marriott International in the 4th quarter valued at about $30,000. Anchor Investment Management LLC acquired a new position in Marriott International in the 4th quarter valued at about $31,000. Finally, Wetzel Investment Advisors Inc. acquired a new position in Marriott International in the 4th quarter valued at about $33,000. 70.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MAR has been the topic of a number of research reports. Wells Fargo & Company decreased their price target on shares of Marriott International from $250.00 to $248.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 2nd. Susquehanna initiated coverage on shares of Marriott International in a research report on Friday, June 21st. They set a “neutral” rating and a $255.00 target price on the stock. BMO Capital Markets increased their target price on shares of Marriott International from $235.00 to $240.00 and gave the stock a “market perform” rating in a research report on Thursday, May 2nd. Mizuho increased their target price on shares of Marriott International from $260.00 to $265.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. Finally, Argus increased their target price on shares of Marriott International from $270.00 to $280.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Twelve analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $242.19.

Marriott International Trading Down 0.2 %

NASDAQ MAR opened at $241.77 on Friday. The firm has a market capitalization of $69.05 billion, a price-to-earnings ratio of 24.95, a P/E/G ratio of 4.55 and a beta of 1.60. The firm’s 50 day simple moving average is $237.41 and its 200 day simple moving average is $239.18. Marriott International, Inc. has a 1 year low of $177.10 and a 1 year high of $260.57.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.04). The company had revenue of $5.98 billion during the quarter, compared to the consensus estimate of $5.95 billion. Marriott International had a net margin of 12.00% and a negative return on equity of 376.88%. Marriott International’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the company earned $2.09 EPS. On average, equities research analysts forecast that Marriott International, Inc. will post 9.55 earnings per share for the current year.

Marriott International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, May 24th were paid a $0.63 dividend. This is an increase from Marriott International’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a $2.52 annualized dividend and a yield of 1.04%. Marriott International’s dividend payout ratio is presently 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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.