Marriott International, Inc. (NASDAQ:MAR) Shares Sold by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC lessened its stake in Marriott International, Inc. (NASDAQ:MAR) by 6.7% during the first quarter, Holdings Channel reports. The firm owned 3,029 shares of the company’s stock after selling 216 shares during the period. SeaCrest Wealth Management LLC’s holdings in Marriott International were worth $764,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in MAR. Manchester Capital Management LLC lifted its holdings in shares of Marriott International by 2.3% during the 4th quarter. Manchester Capital Management LLC now owns 1,841 shares of the company’s stock valued at $415,000 after acquiring an additional 42 shares in the last quarter. Moody National Bank Trust Division lifted its holdings in shares of Marriott International by 1.2% during the 1st quarter. Moody National Bank Trust Division now owns 3,673 shares of the company’s stock valued at $927,000 after acquiring an additional 42 shares in the last quarter. Kathmere Capital Management LLC lifted its holdings in shares of Marriott International by 1.2% during the 1st quarter. Kathmere Capital Management LLC now owns 3,599 shares of the company’s stock valued at $908,000 after acquiring an additional 42 shares in the last quarter. Grove Bank & Trust lifted its holdings in shares of Marriott International by 3.4% during the 4th quarter. Grove Bank & Trust now owns 1,307 shares of the company’s stock valued at $295,000 after acquiring an additional 43 shares in the last quarter. Finally, Argus Investors Counsel Inc. lifted its holdings in shares of Marriott International by 0.6% during the 4th quarter. Argus Investors Counsel Inc. now owns 7,731 shares of the company’s stock valued at $1,743,000 after acquiring an additional 45 shares in the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on MAR shares. BMO Capital Markets boosted their price objective on shares of Marriott International from $235.00 to $240.00 and gave the stock a “market perform” rating in a report on Thursday, May 2nd. Mizuho boosted their price objective on shares of Marriott International from $260.00 to $265.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. Wells Fargo & Company cut their price objective on shares of Marriott International from $250.00 to $248.00 and set an “equal weight” rating on the stock in a report on Thursday, May 2nd. Argus boosted 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. Finally, Susquehanna started coverage on shares of Marriott International in a report on Friday, June 21st. They issued a “neutral” rating and a $255.00 price objective on the stock. Twelve analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $242.19.

Marriott International Trading Up 0.1 %

NASDAQ MAR opened at $240.17 on Thursday. The company has a 50-day moving average price of $237.46 and a two-hundred day moving average price of $239.60. The stock has a market cap of $68.60 billion, a price-to-earnings ratio of 24.79, a price-to-earnings-growth ratio of 4.52 and a beta of 1.60. Marriott International, Inc. has a 52 week low of $178.24 and a 52 week high of $260.57.

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

Marriott International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, May 24th were paid a $0.63 dividend. This is a positive change from Marriott International’s previous quarterly dividend of $0.52. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend was Thursday, May 23rd. Marriott International’s dividend payout ratio is currently 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.