Newbridge Financial Services Group Inc. Acquires 290 Shares of Marriott International, Inc. (NASDAQ:MAR)

Newbridge Financial Services Group Inc. increased its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 158.5% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 473 shares of the company’s stock after purchasing an additional 290 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Marriott International were worth $114,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. TFO Wealth Partners LLC lifted its stake in Marriott International by 32,350.0% in the 4th quarter. TFO Wealth Partners LLC now owns 649 shares of the company’s stock valued at $146,000 after purchasing an additional 647 shares during the last quarter. CIBC Private Wealth Group LLC lifted its stake in shares of Marriott International by 1.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 201,529 shares of the company’s stock valued at $45,447,000 after acquiring an additional 2,178 shares during the last quarter. Lake Street Advisors Group LLC acquired a new stake in shares of Marriott International during the 4th quarter valued at $444,000. Capital International Investors increased its holdings in Marriott International by 42.2% in the 4th quarter. Capital International Investors now owns 3,147,501 shares of the company’s stock worth $709,793,000 after purchasing an additional 934,304 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position in Marriott International by 105.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 47,613 shares of the company’s stock valued at $10,737,000 after purchasing an additional 24,427 shares during the last quarter. Institutional investors own 70.70% of the company’s stock.

Analyst Upgrades and Downgrades

MAR has been the subject of several recent research reports. Susquehanna began coverage on Marriott International in a research note on Friday, June 21st. They issued a “neutral” rating and a $255.00 price objective for the company. JPMorgan Chase & Co. lifted their price target on shares of Marriott International from $235.00 to $255.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. Macquarie restated a “neutral” rating and issued a $245.00 price objective on shares of Marriott International in a report on Friday, August 2nd. UBS Group cut their target price on Marriott International from $267.00 to $244.00 and set a “neutral” rating on the stock in a report on Tuesday, August 13th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Marriott International from $222.00 to $216.00 and set a “hold” rating for the company in a research report on Thursday, August 1st. Thirteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Marriott International currently has an average rating of “Hold” and a consensus price target of $248.65.

Marriott International Trading Up 1.1 %

NASDAQ:MAR opened at $248.82 on Thursday. The firm has a fifty day simple moving average of $230.28 and a two-hundred day simple moving average of $237.77. Marriott International, Inc. has a 12 month low of $180.75 and a 12 month high of $260.57. The stock has a market capitalization of $71.07 billion, a price-to-earnings ratio of 25.68, a PEG ratio of 5.68 and a beta of 1.59.

Marriott International (NASDAQ:MAR) last issued its earnings results on Wednesday, July 31st. The company reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.49 by $0.01. The business had revenue of $6.44 billion during the quarter, compared to analyst estimates of $6.47 billion. Marriott International had a negative return on equity of 239.60% and a net margin of 12.01%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.26 EPS. Equities analysts predict that Marriott International, Inc. will post 9.37 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, August 16th were paid a dividend of $0.63 per share. The ex-dividend date was Friday, August 16th. This represents a $2.52 dividend on an annualized basis and a yield of 1.01%. Marriott International’s dividend payout ratio (DPR) is presently 26.01%.

About Marriott International

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.