Marriott International, Inc. (NASDAQ:MAR) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC lessened its position in Marriott International, Inc. (NASDAQ:MAR) by 19.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 564,666 shares of the company’s stock after selling 135,219 shares during the quarter. Janus Henderson Group PLC owned about 0.20% of Marriott International worth $142,463,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its position in Marriott International by 1.8% during the first quarter. JPMorgan Chase & Co. now owns 10,616,899 shares of the company’s stock worth $2,678,750,000 after purchasing an additional 192,652 shares during the last quarter. Jennison Associates LLC lifted its holdings in Marriott International by 34.8% in the fourth quarter. Jennison Associates LLC now owns 4,547,098 shares of the company’s stock valued at $1,025,416,000 after acquiring an additional 1,173,028 shares during the last quarter. Capital International Investors increased its stake in Marriott International by 4.7% during the first quarter. Capital International Investors now owns 3,296,879 shares of the company’s stock worth $831,836,000 after acquiring an additional 149,378 shares during the last quarter. Parnassus Investments LLC lifted its stake in shares of Marriott International by 0.3% in the 4th quarter. Parnassus Investments LLC now owns 2,457,382 shares of the company’s stock valued at $554,164,000 after purchasing an additional 7,135 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Marriott International during the 4th quarter worth about $461,525,000. 70.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on MAR shares. BMO Capital Markets boosted their price target on shares of Marriott International from $235.00 to $240.00 and gave the company a “market perform” rating in a research note on Thursday, May 2nd. JPMorgan Chase & Co. increased their target price 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. Susquehanna initiated coverage on Marriott International in a report on Friday, June 21st. They set a “neutral” rating and a $255.00 price target on the stock. Mizuho boosted their price objective on Marriott International from $260.00 to $265.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. Finally, Wells Fargo & Company decreased their price target on shares of Marriott International from $250.00 to $248.00 and set an “equal weight” rating for the company in a research note on Thursday, May 2nd. Thirteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $243.59.

Marriott International Stock Performance

MAR stock traded down $14.98 during midday trading on Wednesday, hitting $223.79. 1,331,712 shares of the stock were exchanged, compared to its average volume of 1,445,656. The stock has a market cap of $63.92 billion, a price-to-earnings ratio of 23.09, a PEG ratio of 4.49 and a beta of 1.60. Marriott International, Inc. has a fifty-two week low of $180.75 and a fifty-two week high of $260.57. The stock’s 50-day moving average price is $238.87 and its 200-day moving average price is $242.14.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data 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 analysts’ expectations of $5.95 billion. Marriott International had a negative return on equity of 376.88% and a net margin of 12.00%. Marriott International’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.09 earnings per share. Research analysts anticipate that Marriott International, Inc. will post 9.56 EPS for the current year.

Marriott International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, May 24th were paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.13%. This is a boost from Marriott International’s previous quarterly dividend of $0.52. The ex-dividend date was Thursday, May 23rd. Marriott International’s dividend payout ratio (DPR) is 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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.