Holderness Investments Co. Buys 109 Shares of Marriott International, Inc. (NASDAQ:MAR)

Holderness Investments Co. raised its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 3.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,592 shares of the company’s stock after purchasing an additional 109 shares during the period. Holderness Investments Co.’s holdings in Marriott International were worth $868,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of MAR. Gryphon Financial Partners LLC grew its holdings in Marriott International by 321.7% in the 4th quarter. Gryphon Financial Partners LLC now owns 5,857 shares of the company’s stock valued at $1,321,000 after buying an additional 4,468 shares during the last quarter. Jump Financial LLC acquired a new stake in shares of Marriott International in the fourth quarter worth $353,000. Franklin Resources Inc. increased its position in Marriott International by 20.1% during the fourth quarter. Franklin Resources Inc. now owns 43,561 shares of the company’s stock worth $9,823,000 after acquiring an additional 7,282 shares during the period. US Bancorp DE raised its stake in Marriott International by 11.2% during the 4th quarter. US Bancorp DE now owns 89,808 shares of the company’s stock valued at $20,253,000 after purchasing an additional 9,064 shares during the last quarter. Finally, FineMark National Bank & Trust boosted its holdings in Marriott International by 9.5% in the 4th quarter. FineMark National Bank & Trust now owns 1,206 shares of the company’s stock valued at $272,000 after purchasing an additional 105 shares during the period. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Marriott International Stock Performance

Shares of MAR opened at $244.39 on Friday. Marriott International, Inc. has a 52-week low of $180.75 and a 52-week high of $260.57. The company has a market cap of $69.80 billion, a price-to-earnings ratio of 25.22, a PEG ratio of 5.34 and a beta of 1.59. The stock has a fifty day moving average price of $229.80 and a two-hundred day moving average price of $237.81.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.49 by $0.01. The firm had revenue of $6.44 billion during the quarter, compared to analysts’ expectations of $6.47 billion. Marriott International had a net margin of 12.01% and a negative return on equity of 239.60%. Marriott International’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.26 EPS. As a group, research analysts predict that Marriott International, Inc. will post 9.37 EPS for the current fiscal year.

Marriott International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 16th will be issued a $0.63 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.52 annualized dividend and a yield of 1.03%. Marriott International’s dividend payout ratio is currently 26.01%.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Marriott International from $222.00 to $216.00 and set a “hold” rating for the company in a research report on Thursday, August 1st. Robert W. Baird cut their price target on Marriott International from $252.00 to $245.00 and set a “neutral” rating for the company in a report on Thursday, August 1st. Barclays lifted their price objective on Marriott International from $240.00 to $251.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 17th. Sanford C. Bernstein upgraded Marriott International from a “market perform” rating to an “outperform” rating and upped their target price for the company from $247.00 to $262.00 in a research note on Thursday, August 29th. Finally, Morgan Stanley decreased their price target on shares of Marriott International from $268.00 to $250.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. Thirteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $248.65.

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.