Meeder Asset Management Inc. Boosts Holdings in Marriott International, Inc. (NASDAQ:MAR)

Meeder Asset Management Inc. boosted its stake in Marriott International, Inc. (NASDAQ:MAR) by 83.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 239 shares of the company’s stock after purchasing an additional 109 shares during the quarter. Meeder Asset Management Inc.’s holdings in Marriott International were worth $58,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in Marriott International in the 4th quarter valued at $461,525,000. Capital International Investors grew its position in Marriott International by 42.2% in the fourth quarter. Capital International Investors now owns 3,147,501 shares of the company’s stock valued at $709,793,000 after acquiring an additional 934,304 shares in the last quarter. Global Assets Advisory LLC purchased a new stake in shares of Marriott International during the first quarter valued at approximately $153,697,000. Public Employees Retirement Association of Colorado lifted its position in shares of Marriott International by 557.2% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 496,505 shares of the company’s stock worth $111,967,000 after purchasing an additional 420,962 shares in the last quarter. Finally, Crake Asset Management LLP acquired a new stake in Marriott International during the 4th quarter valued at $64,022,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Analysts Set New Price Targets

MAR has been the topic of a number of recent analyst reports. UBS Group cut their price objective on shares of Marriott International from $267.00 to $244.00 and set a “neutral” rating on the stock in a report on Tuesday, August 13th. Barclays raised their price objective on Marriott International from $240.00 to $251.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 17th. Susquehanna assumed coverage on Marriott International in a research report on Friday, June 21st. They issued a “neutral” rating and a $255.00 target price on the stock. Wells Fargo & Company decreased their price target on shares of Marriott International from $248.00 to $238.00 and set an “equal weight” rating for the company in a research report on Thursday, August 1st. Finally, JPMorgan Chase & Co. upped their price target on shares of Marriott International from $235.00 to $255.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Thirteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Marriott International has an average rating of “Hold” and an average target price of $246.18.

Marriott International Stock Up 0.5 %

MAR stock opened at $231.74 on Friday. Marriott International, Inc. has a fifty-two week low of $180.75 and a fifty-two week high of $260.57. The stock has a market cap of $66.19 billion, a PE ratio of 23.92, a price-to-earnings-growth ratio of 5.34 and a beta of 1.59. The firm’s 50-day simple moving average is $229.93 and its 200 day simple moving average is $238.15.

Marriott International (NASDAQ:MAR) last announced its earnings results on Wednesday, July 31st. The company reported $2.50 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $6.47 billion. During the same quarter in the previous year, the business earned $2.26 EPS. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. Equities analysts forecast that Marriott International, Inc. will post 9.37 EPS for the current fiscal year.

Marriott International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 16th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date is Friday, August 16th. Marriott International’s dividend payout ratio is currently 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.