Waterfall Asset Management LLC Purchases New Stake in Marriott International, Inc. (NASDAQ:MAR)

Waterfall Asset Management LLC acquired a new position in shares of Marriott International, Inc. (NASDAQ:MAR) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 11,800 shares of the company’s stock, valued at approximately $2,853,000. Marriott International comprises 1.4% of Waterfall Asset Management LLC’s holdings, making the stock its 10th biggest position.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Gryphon Financial Partners LLC increased its position in Marriott International by 321.7% in the 4th quarter. Gryphon Financial Partners LLC now owns 5,857 shares of the company’s stock worth $1,321,000 after purchasing an additional 4,468 shares during the last quarter. TD Asset Management Inc increased its holdings in Marriott International by 0.9% in the fourth quarter. TD Asset Management Inc now owns 100,985 shares of the company’s stock worth $22,773,000 after buying an additional 882 shares during the last quarter. Stifel Financial Corp raised its position in Marriott International by 3.5% during the fourth quarter. Stifel Financial Corp now owns 124,569 shares of the company’s stock valued at $28,092,000 after acquiring an additional 4,247 shares in the last quarter. Focus Financial Network Inc. ADV acquired a new stake in Marriott International in the fourth quarter valued at approximately $868,000. Finally, TFO Wealth Partners LLC grew its position in Marriott International by 32,350.0% in the fourth quarter. TFO Wealth Partners LLC now owns 649 shares of the company’s stock worth $146,000 after acquiring an additional 647 shares in the last quarter. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Sanford C. Bernstein raised shares of Marriott International from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $247.00 to $262.00 in a research note on Thursday, August 29th. Morgan Stanley decreased their price target on Marriott International from $268.00 to $250.00 and set an “overweight” rating for the company in a research note on Tuesday, August 6th. Barclays boosted their target price on Marriott International from $240.00 to $251.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 17th. JPMorgan Chase & Co. increased their price target on Marriott International from $235.00 to $255.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Finally, Macquarie reissued a “neutral” rating and issued a $245.00 price target on shares of Marriott International in a research report on Friday, August 2nd. Thirteen analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $248.65.

Marriott International Stock Up 0.9 %

Shares of MAR opened at $253.04 on Friday. The stock’s fifty day simple moving average is $229.82 and its 200-day simple moving average is $237.77. The firm has a market capitalization of $72.27 billion, a PE ratio of 26.11, a price-to-earnings-growth ratio of 5.68 and a beta of 1.59. Marriott International, Inc. has a 12-month low of $180.75 and a 12-month high of $260.57.

Marriott International (NASDAQ:MAR) last issued its earnings results on Wednesday, July 31st. The company reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.49 by $0.01. The company had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6.47 billion. Marriott International had a net margin of 12.01% and a negative return on equity of 239.60%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the firm earned $2.26 EPS. Analysts anticipate that Marriott International, Inc. will post 9.37 EPS for the current year.

Marriott International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 16th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Friday, August 16th. Marriott International’s dividend payout ratio (DPR) 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.