Symmetry Investments LP Buys Shares of 5,711 Marriott International, Inc. (NASDAQ:MAR)

Symmetry Investments LP bought a new stake in shares of Marriott International, Inc. (NASDAQ:MAR) in the second quarter, HoldingsChannel.com reports. The firm bought 5,711 shares of the company’s stock, valued at approximately $1,381,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of MAR. Rockland Trust Co. lifted its holdings in shares of Marriott International by 2.3% in the 2nd quarter. Rockland Trust Co. now owns 1,802 shares of the company’s stock valued at $436,000 after acquiring an additional 41 shares during the last quarter. Moody National Bank Trust Division lifted its holdings in shares of Marriott International by 1.2% in 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 during the last quarter. Kathmere Capital Management LLC lifted its stake in Marriott International by 1.2% in the first quarter. Kathmere Capital Management LLC now owns 3,599 shares of the company’s stock worth $908,000 after purchasing an additional 42 shares during the last quarter. Park Avenue Securities LLC lifted its stake in Marriott International by 1.4% in the second quarter. Park Avenue Securities LLC now owns 3,298 shares of the company’s stock worth $797,000 after purchasing an additional 46 shares during the last quarter. Finally, SeaCrest Wealth Management LLC lifted its stake in Marriott International by 1.5% in the second quarter. SeaCrest Wealth Management LLC now owns 3,075 shares of the company’s stock worth $743,000 after purchasing an additional 46 shares during the last quarter. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on MAR. Morgan Stanley decreased 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 note on Tuesday, August 6th. Wells Fargo & Company decreased their price objective on shares of Marriott International from $248.00 to $238.00 and set an “equal weight” rating for the company in a research note on Thursday, August 1st. The Goldman Sachs Group started coverage on shares of Marriott International in a research report on Wednesday. They set a “buy” rating and a $267.00 target price on the stock. Sanford C. Bernstein raised shares of Marriott International from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $247.00 to $262.00 in a research report on Thursday, August 29th. Finally, UBS Group reduced their target price on shares of Marriott International from $267.00 to $244.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 13th. Thirteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $247.33.

Marriott International Stock Down 0.0 %

Shares of MAR stock opened at $244.39 on Friday. The firm has a market cap of $69.80 billion, a price-to-earnings ratio of 25.22, a PEG ratio of 5.34 and a beta of 1.59. The company’s 50 day moving average is $229.80 and its 200 day moving average is $237.88. Marriott International, Inc. has a 52-week low of $180.75 and a 52-week high of $260.57.

Marriott International (NASDAQ:MAR) last announced 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. The company had revenue of $6.44 billion during the quarter, compared to the consensus estimate of $6.47 billion. Marriott International had a net margin of 12.01% and a negative return on equity of 239.60%. Marriott International’s revenue was up 6.0% compared to the same quarter last year. During the same period last year, the firm earned $2.26 earnings per share. Analysts anticipate that Marriott International, Inc. will post 9.37 EPS for the current fiscal year.

Marriott International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 16th will be paid a dividend of $0.63 per share. The ex-dividend date is Friday, August 16th. This represents a $2.52 annualized dividend and a dividend yield of 1.03%. Marriott International’s payout ratio is currently 26.01%.

Marriott International Company 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, City Express by Marriott, and St.