Monument Capital Management Purchases Shares of 896 Marriott International, Inc. (NASDAQ:MAR)

Monument Capital Management acquired a new stake in shares of Marriott International, Inc. (NASDAQ:MAR) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 896 shares of the company’s stock, valued at approximately $226,000.

Other large investors also recently modified their holdings of the company. Norges Bank purchased a new position in Marriott International in the 4th quarter worth approximately $461,525,000. Jennison Associates LLC lifted its holdings in shares of Marriott International by 34.8% in the fourth quarter. Jennison Associates LLC now owns 4,547,098 shares of the company’s stock worth $1,025,416,000 after buying an additional 1,173,028 shares in the last quarter. Capital International Investors boosted its position in shares of Marriott International by 42.2% during the fourth quarter. Capital International Investors now owns 3,147,501 shares of the company’s stock worth $709,793,000 after acquiring an additional 934,304 shares during the last quarter. Global Assets Advisory LLC bought a new stake in Marriott International in the 1st quarter valued at $153,697,000. Finally, Public Employees Retirement Association of Colorado lifted its stake in Marriott International by 557.2% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 496,505 shares of the company’s stock worth $111,967,000 after purchasing an additional 420,962 shares in the last quarter. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Marriott International Trading Up 0.1 %

NASDAQ MAR opened at $240.17 on Thursday. Marriott International, Inc. has a 12-month low of $178.24 and a 12-month high of $260.57. The firm’s fifty day simple moving average is $237.46 and its two-hundred day simple moving average is $239.60. The firm has a market capitalization of $68.60 billion, a P/E ratio of 24.79, a P/E/G ratio of 4.52 and a beta of 1.60.

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

Marriott International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, May 24th were given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend was Thursday, May 23rd. This is an increase from Marriott International’s previous quarterly dividend of $0.52. Marriott International’s payout ratio is currently 26.01%.

Analysts Set New Price Targets

MAR has been the topic of several research reports. Robert W. Baird lifted their target price on Marriott International from $248.00 to $250.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. Susquehanna began coverage on Marriott International in a research report on Friday, June 21st. They set a “neutral” rating and a $255.00 target price for the company. BMO Capital Markets boosted their price target 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. Argus increased their price objective on shares of Marriott International from $270.00 to $280.00 and gave the company a “buy” rating in a research report on Tuesday, March 19th. Finally, Wells Fargo & Company reduced their target price 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. Twelve research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $242.19.

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.