Marriott International, Inc. (NASDAQ:MAR) Shares Sold by Gilman Hill Asset Management LLC

Gilman Hill Asset Management LLC lowered its stake in shares of Marriott International, Inc. (NASDAQ:MARFree Report) by 5.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,609 shares of the company’s stock after selling 865 shares during the quarter. Gilman Hill Asset Management LLC’s holdings in Marriott International were worth $4,191,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Roble Belko & Company Inc increased its position in Marriott International by 845.5% during the 1st quarter. Roble Belko & Company Inc now owns 104 shares of the company’s stock worth $26,000 after purchasing an additional 93 shares in the last quarter. ORG Partners LLC increased its position in Marriott International by 72.6% during the 4th quarter. ORG Partners LLC now owns 126 shares of the company’s stock worth $29,000 after purchasing an additional 53 shares in the last quarter. Keener Financial Planning LLC acquired a new stake in Marriott International during the 4th quarter worth approximately $30,000. Anchor Investment Management LLC acquired a new stake in Marriott International in the fourth quarter valued at approximately $31,000. Finally, Wetzel Investment Advisors Inc. acquired a new stake in Marriott International in the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Stock Performance

MAR traded down $1.51 during trading on Tuesday, reaching $244.15. The company had a trading volume of 533,950 shares, compared to its average volume of 1,417,176. Marriott International, Inc. has a 12-month low of $170.03 and a 12-month high of $260.57. The company has a market cap of $69.73 billion, a price-to-earnings ratio of 25.35, a PEG ratio of 4.59 and a beta of 1.60. The firm’s 50-day simple moving average is $237.13 and its 200 day simple moving average is $238.56.

Marriott International (NASDAQ:MARGet Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.04). Marriott International had a negative return on equity of 376.88% and a net margin of 12.00%. The firm had revenue of $5.98 billion for the quarter, compared to analysts’ expectations of $5.95 billion. During the same quarter in the previous year, the firm posted $2.09 earnings per share. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, sell-side analysts expect that Marriott International, Inc. will post 9.55 EPS for the current year.

Marriott International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 24th will be paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.03%. This is a positive change from Marriott International’s previous quarterly dividend of $0.52. Marriott International’s dividend payout ratio (DPR) is 26.01%.

Analysts Set New Price Targets

Several research firms have recently commented on MAR. Susquehanna began coverage on Marriott International in a research note on Friday. They set a “neutral” rating and a $255.00 target price for the company. BMO Capital Markets increased their target price on Marriott International from $235.00 to $240.00 and gave the company a “market perform” rating in a research note on Thursday, May 2nd. UBS Group increased their target price on Marriott International from $210.00 to $259.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. Robert W. Baird increased their target price on Marriott International from $248.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Finally, Mizuho raised their price objective on Marriott International from $260.00 to $265.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. Twelve research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $242.19.

Check Out Our Latest Stock Report on Marriott International

Marriott International Profile

(Free Report)

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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.

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Institutional Ownership by Quarter for Marriott International (NASDAQ:MAR)

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