Great Lakes Retirement Inc. Purchases 210 Shares of Marriott International, Inc. (NASDAQ:MAR)

by · The Cerbat Gem

Great Lakes Retirement Inc. raised its position in shares of Marriott International, Inc. (NASDAQ:MAR – Free Report) by 2.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,501 shares of the company’s stock after buying an additional 210 shares during the quarter. Great Lakes Retirement Inc.’s holdings in Marriott International were worth $2,610,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in MAR. JPMorgan Chase & Co. increased its position in Marriott International by 1.8% in the first quarter. JPMorgan Chase & Co. now owns 10,616,899 shares of the company’s stock worth $2,678,750,000 after purchasing an additional 192,652 shares during the last quarter. Capital International Investors raised its position in shares of Marriott International by 4.7% during the 1st quarter. Capital International Investors now owns 3,296,879 shares of the company’s stock valued at $831,836,000 after buying an additional 149,378 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Marriott International by 5.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 679,757 shares of the company’s stock valued at $164,355,000 after acquiring an additional 33,149 shares during the last quarter. First Pacific Advisors LP increased its stake in Marriott International by 2.1% during the second quarter. First Pacific Advisors LP now owns 613,205 shares of the company’s stock worth $148,255,000 after acquiring an additional 12,499 shares during the last quarter. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund raised its position in Marriott International by 3.1% during the first quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 325,617 shares of the company’s stock valued at $82,156,000 after purchasing an additional 9,813 shares during the period. Institutional investors own 70.70% of the company’s stock.

Marriott International Stock Down 2.9 %

Shares of NASDAQ:MAR opened at $257.82 on Thursday. The company has a market capitalization of $73.64 billion, a price-to-earnings ratio of 26.61, a price-to-earnings-growth ratio of 6.15 and a beta of 1.59. The firm has a 50 day moving average of $241.75 and a 200 day moving average of $238.66. Marriott International, Inc. has a 52 week low of $180.75 and a 52 week high of $266.58.

Marriott International (NASDAQ:MAR – Get Free Report) last announced its earnings results on Wednesday, July 31st. The company reported $2.50 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $6.44 billion during the quarter, compared to the consensus estimate of $6.47 billion. During the same period in the previous year, the company posted $2.26 earnings per share. The firm’s revenue was up 6.0% on a year-over-year basis. On average, sell-side analysts expect that Marriott International, Inc. will post 9.37 EPS for the current year.

Marriott International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, August 16th were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date was Friday, August 16th. Marriott International’s payout ratio is presently 26.01%.

Analysts Set New Price Targets

Several research firms recently weighed in on MAR. Macquarie restated a “neutral” rating and set a $245.00 price target on shares of Marriott International in a report on Friday, August 2nd. The Goldman Sachs Group assumed coverage on shares of Marriott International in a report on Wednesday, September 18th. They issued a “buy” rating and a $267.00 target price for the company. Sanford C. Bernstein raised shares of Marriott International from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $247.00 to $262.00 in a research report on Thursday, August 29th. Robert W. Baird set a $258.00 target price on Marriott International in a research note on Thursday, October 17th. Finally, Bank of America boosted their price objective on Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a report on Monday. Thirteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Marriott International has an average rating of “Hold” and an average price target of $256.39.

Check Out Our Latest Analysis on Marriott International

Marriott International Company 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, City Express by Marriott, and St.

Further Reading

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