Little House Capital LLC Decreases Holdings in Marriott International, Inc. (NASDAQ:MAR)

Little House Capital LLC trimmed its stake in Marriott International, Inc. (NASDAQ:MAR) by 63.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,393 shares of the company’s stock after selling 4,137 shares during the period. Little House Capital LLC’s holdings in Marriott International were worth $604,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Roble Belko & Company Inc increased its stake in Marriott International by 845.5% in the 1st quarter. Roble Belko & Company Inc now owns 104 shares of the company’s stock valued at $26,000 after buying an additional 93 shares during the period. ORG Partners LLC raised its holdings in Marriott International by 72.6% during the fourth quarter. ORG Partners LLC now owns 126 shares of the company’s stock worth $29,000 after purchasing an additional 53 shares in the last quarter. Keener Financial Planning LLC acquired a new stake in Marriott International in the fourth quarter valued at about $30,000. Anchor Investment Management LLC acquired a new position in Marriott International during the 4th quarter worth approximately $31,000. Finally, Wetzel Investment Advisors Inc. purchased a new position in shares of Marriott International during the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Marriott International Trading Down 1.1 %

NASDAQ MAR traded down $2.59 on Monday, hitting $239.18. 912,653 shares of the stock traded hands, compared to its average volume of 1,461,407. The company has a market capitalization of $68.31 billion, a P/E ratio of 24.63, a price-to-earnings-growth ratio of 4.55 and a beta of 1.60. The stock has a 50-day moving average of $237.41 and a 200 day moving average of $239.33. Marriott International, Inc. has a twelve month low of $178.24 and a twelve month high of $260.57.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.04). The business had revenue of $5.98 billion during the quarter, compared to analyst estimates of $5.95 billion. Marriott International had a net margin of 12.00% and a negative return on equity of 376.88%. The company’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the firm posted $2.09 earnings per share. As a group, equities research analysts expect that Marriott International, Inc. will post 9.55 earnings per share for the current year.

Marriott International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, May 24th were paid a $0.63 dividend. This is a boost from Marriott International’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a $2.52 annualized dividend and a dividend yield of 1.05%. Marriott International’s dividend payout ratio is presently 26.01%.

Analyst Upgrades and Downgrades

A number of research firms have commented on MAR. Mizuho boosted their target price on Marriott International from $260.00 to $265.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. Robert W. Baird raised their price target on Marriott International from $248.00 to $250.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. Argus lifted their price objective on Marriott International from $270.00 to $280.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Susquehanna initiated coverage on shares of Marriott International in a report on Friday, June 21st. They issued a “neutral” rating and a $255.00 target price on the stock. Finally, Wells Fargo & Company cut their price objective on shares of Marriott International from $250.00 to $248.00 and set an “equal weight” rating for the company in a research report on Thursday, May 2nd. Twelve equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $242.19.

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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.