Marriott International, Inc. (NASDAQ:MAR) Stock Holdings Lessened by Mackenzie Financial Corp

Mackenzie Financial Corp decreased its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 6.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,349 shares of the company’s stock after selling 1,577 shares during the quarter. Mackenzie Financial Corp’s holdings in Marriott International were worth $5,645,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of MAR. Capital International Investors lifted its holdings in shares of Marriott International by 42.2% in the 4th quarter. Capital International Investors now owns 3,147,501 shares of the company’s stock worth $709,793,000 after purchasing an additional 934,304 shares during the last quarter. Global Assets Advisory LLC acquired a new stake in shares of Marriott International in the 1st quarter worth about $153,697,000. Public Employees Retirement Association of Colorado lifted its position in Marriott International by 557.2% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 496,505 shares of the company’s stock valued at $111,967,000 after purchasing an additional 420,962 shares during the last quarter. Pathstone Holdings LLC acquired a new position in Marriott International during the 4th quarter valued at about $46,187,000. Finally, JPMorgan Chase & Co. increased its stake in shares of Marriott International by 1.8% in the first quarter. JPMorgan Chase & Co. now owns 10,616,899 shares of the company’s stock valued at $2,678,750,000 after purchasing an additional 192,652 shares during the period. Institutional investors own 70.70% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on MAR shares. The Goldman Sachs Group assumed coverage on Marriott International in a report on Wednesday, September 18th. They issued a “buy” rating and a $267.00 price objective for the company. UBS Group lowered their price target on Marriott International from $267.00 to $244.00 and set a “neutral” rating on the stock in a report on Tuesday, August 13th. Susquehanna began coverage on shares of Marriott International in a research report on Friday, June 21st. They issued a “neutral” rating and a $255.00 target price for the company. Barclays boosted their price target 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. Finally, Wells Fargo & Company lowered their price objective 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. Thirteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Marriott International has a consensus rating of “Hold” and a consensus price target of $248.65.

Marriott International Stock Down 1.8 %

Shares of NASDAQ MAR opened at $248.60 on Tuesday. The business has a fifty day simple moving average of $229.93 and a 200-day simple moving average of $237.68. The company has a market cap of $71.01 billion, a price-to-earnings ratio of 25.66, a P/E/G 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 announced its earnings results on Wednesday, July 31st. The company reported $2.50 EPS for the quarter, topping the consensus estimate of $2.49 by $0.01. Marriott International had a net margin of 12.01% and a negative return on equity of 239.60%. The company had revenue of $6.44 billion during the quarter, compared to analysts’ expectations of $6.47 billion. During the same period last year, the company posted $2.26 earnings per share. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, sell-side analysts expect that Marriott International, Inc. will post 9.37 EPS for the current fiscal year.

Marriott International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, August 16th were given a $0.63 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.52 annualized dividend and a dividend yield of 1.01%. Marriott International’s dividend payout ratio (DPR) 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.