Marriott International, Inc. (NASDAQ:MAR) Shares Sold by APG Asset Management N.V.

APG Asset Management N.V. reduced its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 3.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 586,373 shares of the company’s stock after selling 23,417 shares during the period. APG Asset Management N.V. owned 0.21% of Marriott International worth $132,277,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Gryphon Financial Partners LLC increased its holdings in shares of Marriott International by 321.7% during the 4th quarter. Gryphon Financial Partners LLC now owns 5,857 shares of the company’s stock worth $1,321,000 after buying an additional 4,468 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Marriott International by 20.1% in the 4th quarter. Franklin Resources Inc. now owns 43,561 shares of the company’s stock worth $9,823,000 after purchasing an additional 7,282 shares during the period. Advisory Services Network LLC lifted its stake in shares of Marriott International by 68.1% in the 4th quarter. Advisory Services Network LLC now owns 6,649 shares of the company’s stock valued at $1,499,000 after purchasing an additional 2,694 shares in the last quarter. TD Asset Management Inc grew its holdings in shares of Marriott International by 0.9% during the 4th quarter. TD Asset Management Inc now owns 100,985 shares of the company’s stock worth $22,773,000 after purchasing an additional 882 shares during the period. Finally, Stifel Financial Corp increased its position in Marriott International by 3.5% during the 4th quarter. Stifel Financial Corp now owns 124,569 shares of the company’s stock worth $28,092,000 after purchasing an additional 4,247 shares in the last quarter. 70.70% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on MAR shares. Barclays increased their price objective on shares of Marriott International from $240.00 to $251.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 17th. Macquarie reissued a “neutral” rating and issued a $245.00 price objective on shares of Marriott International in a research report on Friday, August 2nd. The Goldman Sachs Group started coverage on Marriott International in a research report on Wednesday, September 18th. They issued a “buy” rating and a $267.00 target price for the company. JPMorgan Chase & Co. raised their target price on Marriott International from $235.00 to $255.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Marriott International from $222.00 to $216.00 and set a “hold” rating on the stock in a research report on Thursday, August 1st. Thirteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $248.65.

Marriott International Stock Performance

Shares of MAR stock opened at $245.50 on Thursday. The stock has a market capitalization of $69.11 billion, a price-to-earnings ratio of 25.34, a PEG ratio of 5.68 and a beta of 1.59. Marriott International, Inc. has a one year low of $180.75 and a one year high of $260.57. The company’s 50-day simple moving average is $229.54 and its 200-day simple moving average is $237.69.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Wednesday, July 31st. The company reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.49 by $0.01. The firm 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%. The firm’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.26 earnings per share. As a group, research analysts forecast that Marriott International, Inc. will post 9.37 EPS for the current year.

Marriott International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 16th will be issued a $0.63 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.52 dividend on an annualized basis and a yield of 1.03%. 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, City Express by Marriott, and St.