Sequoia Financial Advisors LLC Raises Holdings in Marriott International, Inc. (NASDAQ:MAR)

Sequoia Financial Advisors LLC boosted its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 25.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 11,053 shares of the company’s stock after buying an additional 2,240 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Marriott International were worth $2,748,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. JPMorgan Chase & Co. lifted its holdings in Marriott International by 1.8% in the 1st quarter. JPMorgan Chase & Co. now owns 10,616,899 shares of the company’s stock worth $2,678,750,000 after buying an additional 192,652 shares during the period. Capital International Investors lifted its holdings in Marriott International by 4.7% in the 1st quarter. Capital International Investors now owns 3,296,879 shares of the company’s stock worth $831,836,000 after buying an additional 149,378 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Marriott International by 5.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 679,757 shares of the company’s stock worth $164,355,000 after buying an additional 33,149 shares during the period. First Pacific Advisors LP lifted its holdings in Marriott International by 2.1% in the 2nd quarter. First Pacific Advisors LP now owns 613,205 shares of the company’s stock worth $148,255,000 after buying an additional 12,499 shares during the period. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund lifted its holdings in Marriott International by 3.1% in the 1st 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 worth $82,156,000 after buying an additional 9,813 shares during the period. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Marriott International Trading Down 2.9 %

Marriott International stock opened at $257.82 on Thursday. The firm has a market cap of $73.64 billion, a price-to-earnings ratio of 26.61, a PEG ratio of 6.15 and a beta of 1.59. The stock has a fifty day simple moving average of $241.75 and a two-hundred day simple moving average of $238.66. Marriott International, Inc. has a 12 month low of $180.75 and a 12 month high of $266.58.

Marriott International (NASDAQ:MAR) last issued 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. Marriott International had a net margin of 12.01% and a negative return on equity of 239.60%. The firm had revenue of $6.44 billion for the quarter, compared to analysts’ expectations of $6.47 billion. During the same quarter in the prior year, the business earned $2.26 EPS. The business’s quarterly revenue was up 6.0% on a year-over-year basis. On average, equities research analysts forecast 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 was paid on Monday, September 30th. Stockholders of record on Friday, August 16th were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend was Friday, August 16th. Marriott International’s dividend payout ratio (DPR) is presently 26.01%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Bank of America increased their target price on Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday. Morgan Stanley decreased their target price on Marriott International from $268.00 to $250.00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. The Goldman Sachs Group assumed coverage on Marriott International in a research report on Wednesday, September 18th. They issued a “buy” rating and a $267.00 target price for the company. Macquarie reissued a “neutral” rating and issued a $245.00 target price on shares of Marriott International in a research report on Friday, August 2nd. Finally, Wells Fargo & Company increased their target price on Marriott International from $238.00 to $261.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Thirteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $256.39.

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.