Flputnam Investment Management Co. raised its stake in shares of Marriott International, Inc. (NASDAQ:MAR – Free Report) by 3,608.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,625 shares of the company’s stock after acquiring an additional 25,907 shares during the quarter. Flputnam Investment Management Co.’s holdings in Marriott International were worth $9,867,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Frederick Financial Consultants LLC grew its stake in Marriott International by 0.8% in the fourth quarter. Frederick Financial Consultants LLC now owns 3,531 shares of the company’s stock valued at $1,095,000 after purchasing an additional 28 shares during the last quarter. World Equity Group Inc. grew its position in shares of Marriott International by 2.0% in the 2nd quarter. World Equity Group Inc. now owns 1,437 shares of the company’s stock worth $533,000 after buying an additional 28 shares during the last quarter. Haven Capital Group Inc. lifted its position in Marriott International by 0.3% during the first quarter. Haven Capital Group Inc. now owns 10,064 shares of the company’s stock valued at $3,292,000 after acquiring an additional 30 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in shares of Marriott International by 1.2% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,472 shares of the company’s stock valued at $808,000 after purchasing an additional 30 shares during the last quarter. Finally, Paragon Private Wealth Management LLC boosted its position in shares of Marriott International by 4.4% in the 1st quarter. Paragon Private Wealth Management LLC now owns 743 shares of the company’s stock worth $243,000 after purchasing an additional 31 shares in the last quarter. 70.70% of the stock is owned by institutional investors.
Marriott International Stock Performance
Marriott International stock opened at $351.08 on Friday. The business’s 50-day simple moving average is $366.40 and its two-hundred day simple moving average is $358.94. The company has a market cap of $91.55 billion, a PE ratio of 36.38, a PEG ratio of 2.72 and a beta of 1.10. Marriott International, Inc. has a fifty-two week low of $256.76 and a fifty-two week high of $410.98.
Marriott International Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, August 20th will be issued a $0.73 dividend. This represents a $2.92 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, August 20th. Marriott International’s dividend payout ratio is 30.26%.
Analysts Set New Price Targets
Several research analysts recently issued reports on the company. Barclays reduced their target price on Marriott International from $379.00 to $348.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 4th. UBS Group dropped their price target on Marriott International from $412.00 to $395.00 and set a “neutral” rating on the stock in a research note on Thursday, August 20th. TD Cowen increased their price objective on shares of Marriott International from $410.00 to $420.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Stifel Nicolaus lifted their target price on shares of Marriott International from $352.00 to $365.00 and gave the stock a “hold” rating in a research note on Friday, July 17th. Finally, Erste Group Bank started coverage on shares of Marriott International in a research note on Thursday. They set a “buy” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, Marriott International presently has an average rating of “Moderate Buy” and an average target price of $385.65.
Read Our Latest Analysis on Marriott International
Marriott International Company Profile
Marriott International is a global lodging company that develops, manages and franchises a broad portfolio of hotels and related lodging facilities. Its core activities include hotel and resort management, franchise operations, property development and the provision of centralized services such as reservations, marketing and loyalty program management. The company’s brand architecture spans market segments from luxury and premium to select-service and extended-stay, enabling it to serve a wide range of business and leisure travelers as well as corporate and group customers.
The company traces its roots to the hospitality business founded by J.
Read More
- Five stocks we like better than Marriott International
- From SaaS-pocalypse to Perfect Storm: Workday’s AI Growth Story Strengthens
- These 3 GARP Stocks Show Why Growth and Value Do Not Have to Clash
- Venture Into High-Volatility Corners of the Market With These 3 ETFs
- 3 Retail Stocks to Watch After a Big Consumer Earnings Week
Receive News & Ratings for Marriott International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marriott International and related companies with MarketBeat.com's FREE daily email newsletter.
