DekaBank Deutsche Girozentrale Grows Stock Position in Marriott International, Inc. (NASDAQ:MAR)

DekaBank Deutsche Girozentrale lifted its stake in Marriott International, Inc. (NASDAQ:MAR) by 0.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 81,515 shares of the company’s stock after purchasing an additional 295 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Marriott International were worth $20,570,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Rockland Trust Co. lifted its holdings in Marriott International by 2.3% during the 2nd quarter. Rockland Trust Co. now owns 1,802 shares of the company’s stock worth $436,000 after buying an additional 41 shares during the last quarter. Park Avenue Securities LLC increased its position in shares of Marriott International by 1.4% during the second quarter. Park Avenue Securities LLC now owns 3,298 shares of the company’s stock worth $797,000 after purchasing an additional 46 shares in the last quarter. SeaCrest Wealth Management LLC increased its position in shares of Marriott International by 1.5% during the second quarter. SeaCrest Wealth Management LLC now owns 3,075 shares of the company’s stock worth $743,000 after purchasing an additional 46 shares in the last quarter. Quent Capital LLC increased its position in shares of Marriott International by 7.9% during the first quarter. Quent Capital LLC now owns 644 shares of the company’s stock worth $162,000 after purchasing an additional 47 shares in the last quarter. Finally, D Orazio & Associates Inc. increased its position in shares of Marriott International by 0.5% during the first quarter. D Orazio & Associates Inc. now owns 9,221 shares of the company’s stock worth $2,327,000 after purchasing an additional 49 shares in the last quarter. 70.70% of the stock is owned by hedge funds and other institutional investors.

Marriott International Price Performance

Shares of NASDAQ:MAR opened at $263.89 on Wednesday. The business’s 50 day simple moving average is $244.92 and its 200-day simple moving average is $238.76. The firm has a market capitalization of $74.29 billion, a price-to-earnings ratio of 26.39, a price-to-earnings-growth ratio of 6.36 and a beta of 1.59. Marriott International, Inc. has a 12 month low of $180.75 and a 12 month high of $266.58.

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

Marriott International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 16th were paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend was Friday, August 16th. Marriott International’s payout ratio is currently 25.20%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Morgan Stanley cut their target price 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. BMO Capital Markets lifted their target price on Marriott International from $240.00 to $255.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. Barclays boosted their price target on Marriott International from $240.00 to $251.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 17th. Wells Fargo & Company boosted their price target on Marriott International from $238.00 to $261.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 22nd. Finally, Robert W. Baird set a $258.00 price target on Marriott International in a research report on Thursday, October 17th. Thirteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $256.39.

Marriott International Company 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.