Lansing Street Advisors Boosts Position in Marriott International, Inc. (NASDAQ:MAR)

Lansing Street Advisors raised its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 18.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 990 shares of the company’s stock after buying an additional 153 shares during the quarter. Lansing Street Advisors’ holdings in Marriott International were worth $276,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in MAR. Sound Income Strategies LLC grew its stake in Marriott International by 494.4% in the 4th quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock worth $30,000 after buying an additional 89 shares in the last quarter. Wingate Wealth Advisors Inc. purchased a new position in Marriott International in the 4th quarter worth approximately $33,000. Silvant Capital Management LLC purchased a new position in Marriott International in the 3rd quarter worth approximately $31,000. Darwin Wealth Management LLC purchased a new position in Marriott International in the 3rd quarter worth approximately $33,000. Finally, Heck Capital Advisors LLC purchased a new position in Marriott International in the 4th quarter worth approximately $38,000. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on MAR shares. Mizuho boosted their price target on shares of Marriott International from $246.00 to $293.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Jefferies Financial Group boosted their price objective on shares of Marriott International from $251.00 to $295.00 and gave the stock a “hold” rating in a report on Thursday, January 2nd. The Goldman Sachs Group boosted their price objective on shares of Marriott International from $280.00 to $314.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. JPMorgan Chase & Co. boosted their price objective on shares of Marriott International from $251.00 to $269.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Finally, Robert W. Baird boosted their price objective on shares of Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Thirteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $284.05.

Marriott International Trading Down 3.4 %

Shares of NASDAQ MAR opened at $277.47 on Friday. Marriott International, Inc. has a 12 month low of $204.55 and a 12 month high of $307.52. The firm has a market capitalization of $76.50 billion, a PE ratio of 33.35, a price-to-earnings-growth ratio of 3.42 and a beta of 1.57. The firm has a fifty day simple moving average of $283.73 and a two-hundred day simple moving average of $265.10.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 EPS for the quarter, topping the consensus estimate of $2.37 by $0.08. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. On average, sell-side analysts predict that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, February 27th will be issued a $0.63 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $2.52 annualized dividend and a yield of 0.91%. Marriott International’s dividend payout ratio (DPR) is presently 30.29%.

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.