Quest Investment Management LLC Takes $4.49 Million Position in Marriott International, Inc. (NASDAQ:MAR)

Quest Investment Management LLC bought a new position in shares of Marriott International, Inc. (NASDAQ:MAR) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 18,559 shares of the company’s stock, valued at approximately $4,487,000.

A number of other hedge funds have also recently bought and sold shares of the stock. BDF Gestion bought a new stake in shares of Marriott International in the 2nd quarter valued at about $3,013,000. Parnassus Investments LLC increased its position in Marriott International by 0.3% during the fourth quarter. Parnassus Investments LLC now owns 2,457,382 shares of the company’s stock worth $554,164,000 after buying an additional 7,135 shares during the last quarter. Redwood Investment Management LLC raised its stake in Marriott International by 208.3% in the fourth quarter. Redwood Investment Management LLC now owns 26,927 shares of the company’s stock valued at $6,072,000 after buying an additional 18,192 shares during the period. CWM LLC boosted its stake in shares of Marriott International by 518.7% during the 2nd quarter. CWM LLC now owns 47,519 shares of the company’s stock worth $11,489,000 after acquiring an additional 39,839 shares during the period. Finally, Stifel Financial Corp raised its stake in Marriott International by 3.5% in the 4th 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 during the period. 70.70% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MAR has been the subject of a number of research analyst reports. Robert W. Baird reduced their price objective on shares of Marriott International from $252.00 to $245.00 and set a “neutral” rating for the company in a research report on Thursday, August 1st. Wells Fargo & Company decreased their price target on shares of Marriott International from $248.00 to $238.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 1st. UBS Group reduced their price objective on Marriott International from $267.00 to $244.00 and set a “neutral” rating for the company in a report on Tuesday, August 13th. Susquehanna assumed coverage on Marriott International in a research note on Friday, June 21st. They set a “neutral” rating and a $255.00 target price on the stock. Finally, Truist Financial decreased their price objective on Marriott International from $263.00 to $254.00 and set a “hold” rating on the stock in a report on Tuesday, August 6th. Thirteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $248.65.

Marriott International Stock Down 0.0 %

Marriott International stock opened at $244.39 on Friday. The stock has a market cap of $69.80 billion, a PE ratio of 25.22, a P/E/G ratio of 5.34 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. The business’s 50-day moving average price is $229.80 and its two-hundred day moving average price is $237.81.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Wednesday, July 31st. The company reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.49 by $0.01. The business had revenue of $6.44 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.26 EPS. As a group, analysts expect that Marriott International, Inc. will post 9.37 earnings per share for the current year.

Marriott International Dividend Announcement

The company 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 is Friday, August 16th. This represents a $2.52 dividend on an annualized basis and a yield of 1.03%. Marriott International’s payout ratio is presently 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.