Werba Rubin Papier Wealth Management Acquires 95 Shares of Marriott International, Inc. (NASDAQ:MAR)

Werba Rubin Papier Wealth Management boosted its holdings in Marriott International, Inc. (NASDAQ:MAR) by 10.1% during the 3rd quarter, Holdings Channel.com reports. The fund owned 1,031 shares of the company’s stock after purchasing an additional 95 shares during the quarter. Werba Rubin Papier Wealth Management’s holdings in Marriott International were worth $256,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MAR. Marks Wealth LLC purchased a new position in shares of Marriott International during the third quarter valued at approximately $203,000. Commonwealth Equity Services LLC boosted its holdings in Marriott International by 1.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 120,659 shares of the company’s stock worth $29,996,000 after acquiring an additional 1,577 shares during the last quarter. Bartlett & CO. Wealth Management LLC raised its holdings in shares of Marriott International by 3.0% in the third quarter. Bartlett & CO. Wealth Management LLC now owns 6,206 shares of the company’s stock valued at $1,543,000 after purchasing an additional 180 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Marriott International by 46.1% during the third quarter. Blue Trust Inc. now owns 5,300 shares of the company’s stock valued at $1,281,000 after purchasing an additional 1,672 shares in the last quarter. Finally, KMG Fiduciary Partners LLC boosted its holdings in Marriott International by 3.2% during the third quarter. KMG Fiduciary Partners LLC now owns 37,182 shares of the company’s stock worth $9,243,000 after purchasing an additional 1,166 shares during the last quarter. 70.70% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on MAR. The Goldman Sachs Group began coverage on shares of Marriott International in a research report on Wednesday, September 18th. They set a “buy” rating and a $267.00 target price on the stock. Wells Fargo & Company reduced their price objective on Marriott International from $248.00 to $238.00 and set an “equal weight” rating for the company in a research note on Thursday, August 1st. Macquarie reissued a “neutral” rating and issued a $245.00 price target on shares of Marriott International in a report on Friday, August 2nd. UBS Group decreased their price objective on shares of Marriott International from $267.00 to $244.00 and set a “neutral” rating for the company in a report on Tuesday, August 13th. Finally, Sanford C. Bernstein raised shares of Marriott International from a “market perform” rating to an “outperform” rating and increased their target price for the company from $247.00 to $262.00 in a research report on Thursday, August 29th. Twelve investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Marriott International currently has a consensus rating of “Hold” and a consensus target price of $249.41.

Marriott International Stock Performance

Shares of NASDAQ MAR opened at $265.60 on Friday. The stock has a fifty day moving average of $238.95 and a 200-day moving average of $238.41. The stock has a market cap of $75.86 billion, a PE ratio of 27.41, a price-to-earnings-growth ratio of 6.15 and a beta of 1.59. Marriott International, Inc. has a fifty-two week low of $180.75 and a fifty-two week high of $266.58.

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

Marriott International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 16th were paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 0.95%. The ex-dividend date was Friday, August 16th. Marriott International’s dividend payout ratio 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, City Express by Marriott, and St.