Marriott International, Inc. (NASDAQ:MAR) Shares Purchased by Pegasus Asset Management Inc.

Pegasus Asset Management Inc. boosted its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 1.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 8,934 shares of the company’s stock after purchasing an additional 122 shares during the quarter. Pegasus Asset Management Inc.’s holdings in Marriott International were worth $2,221,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Park Avenue Securities LLC lifted its holdings in shares of Marriott International by 26.2% in the first quarter. Park Avenue Securities LLC now owns 3,252 shares of the company’s stock valued at $820,000 after buying an additional 676 shares during the period. Parkside Investments LLC bought a new stake in shares of Marriott International during the 1st quarter worth about $505,000. Brookstone Capital Management boosted its stake in Marriott International by 131.8% during the 1st quarter. Brookstone Capital Management now owns 2,633 shares of the company’s stock valued at $664,000 after purchasing an additional 1,497 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in Marriott International by 113.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 38,998 shares of the company’s stock valued at $9,839,000 after purchasing an additional 20,696 shares during the period. Finally, Kathmere Capital Management LLC boosted its stake in Marriott International by 1.2% during the 1st quarter. Kathmere Capital Management LLC now owns 3,599 shares of the company’s stock valued at $908,000 after purchasing an additional 42 shares during the period. 70.70% of the stock is currently owned by institutional investors.

Marriott International Stock Up 0.2 %

NASDAQ:MAR traded up $0.54 during midday trading on Tuesday, hitting $265.51. The company had a trading volume of 443,747 shares, compared to its average volume of 1,471,275. The stock’s fifty day moving average price is $239.95 and its 200-day moving average price is $238.44. Marriott International, Inc. has a 52-week low of $180.75 and a 52-week high of $266.58. The company has a market capitalization of $75.84 billion, a PE ratio of 27.40, a P/E/G ratio of 6.15 and a beta of 1.59.

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

Marriott International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, August 16th were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 0.95%. 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

A number of equities research analysts recently weighed in on the company. Barclays raised their price target on Marriott International from $240.00 to $251.00 and gave the company an “equal weight” rating in a report on Wednesday, July 17th. Sanford C. Bernstein upgraded Marriott International from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $247.00 to $262.00 in a research report on Thursday, August 29th. Macquarie reiterated a “neutral” rating and set a $245.00 target price on shares of Marriott International in a report on Friday, August 2nd. Evercore ISI lifted their target price on Marriott International from $245.00 to $270.00 and gave the stock an “in-line” rating in a report on Monday. Finally, JPMorgan Chase & Co. lifted their price target on Marriott International from $235.00 to $255.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Thirteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $255.16.

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.