Susquehanna Fundamental Investments LLC Buys New Position in Marriott International, Inc. (NASDAQ:MAR)

Susquehanna Fundamental Investments LLC purchased a new position in shares of Marriott International, Inc. (NASDAQ:MAR) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 15,900 shares of the company’s stock, valued at approximately $3,844,000.

A number of other institutional investors have also made changes to their positions in MAR. TD Asset Management Inc lifted its position in 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 buying an additional 882 shares in the last quarter. Stifel Financial Corp boosted 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 purchasing an additional 4,247 shares during the last quarter. TFO Wealth Partners LLC grew its stake in Marriott International by 32,350.0% in the fourth quarter. TFO Wealth Partners LLC now owns 649 shares of the company’s stock valued at $146,000 after purchasing an additional 647 shares in the last quarter. Bank of Nova Scotia raised its stake in shares of Marriott International by 34.6% during the 4th quarter. Bank of Nova Scotia now owns 31,197 shares of the company’s stock worth $7,035,000 after purchasing an additional 8,022 shares in the last quarter. Finally, Rathbones Group PLC acquired a new stake in shares of Marriott International in the 4th quarter valued at approximately $214,000. Institutional investors own 70.70% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on MAR shares. The Goldman Sachs Group initiated coverage on shares of Marriott International in a research note on Wednesday, September 18th. They issued a “buy” rating and a $267.00 price target for the company. Morgan Stanley lowered their price target on Marriott International from $268.00 to $250.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. JPMorgan Chase & Co. increased their price objective on shares of Marriott International from $235.00 to $255.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Marriott International from $222.00 to $216.00 and set a “hold” rating on the stock in a research note on Thursday, August 1st. Finally, Wells Fargo & Company decreased their target price on Marriott International from $248.00 to $238.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 1st. Thirteen analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $248.65.

Marriott International Stock Performance

Shares of MAR opened at $253.04 on Monday. Marriott International, Inc. has a 52 week low of $180.75 and a 52 week high of $260.57. The stock has a fifty day moving average of $229.82 and a 200-day moving average of $237.68. The stock has a market capitalization of $72.27 billion, a price-to-earnings ratio of 26.11, a PEG ratio of 5.68 and a beta of 1.59.

Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Wednesday, July 31st. The company reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.49 by $0.01. The company had revenue of $6.44 billion for the quarter, compared to analysts’ expectations of $6.47 billion. Marriott International had a negative return on equity of 239.60% and a net margin of 12.01%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.26 earnings per share. As a group, equities analysts forecast that Marriott International, Inc. will post 9.37 EPS for the current year.

Marriott International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors 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 1.00%. Marriott International’s payout ratio is 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.