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Taylor Financial Group Inc. Makes New Investment in Marriott International, Inc. (NASDAQ:MAR)

Marriott International logo with Consumer Discretionary background

Taylor Financial Group Inc. bought a new position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 4,977 shares of the company's stock, valued at approximately $1,122,000. Marriott International accounts for 0.9% of Taylor Financial Group Inc.'s investment portfolio, making the stock its 28th biggest position.

Other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC grew its position in shares of Marriott International by 16.1% during the third quarter. FMR LLC now owns 8,634,610 shares of the company's stock worth $1,697,219,000 after buying an additional 1,194,665 shares in the last quarter. Morgan Stanley boosted its stake in Marriott International by 1.4% in the third quarter. Morgan Stanley now owns 4,711,029 shares of the company's stock valued at $926,000,000 after acquiring an additional 63,411 shares during the period. Jennison Associates LLC grew its holdings in shares of Marriott International by 34.8% during the fourth quarter. Jennison Associates LLC now owns 4,547,098 shares of the company's stock valued at $1,025,416,000 after purchasing an additional 1,173,028 shares during the last quarter. Capital International Investors raised its position in shares of Marriott International by 42.2% during the 4th quarter. Capital International Investors now owns 3,147,501 shares of the company's stock worth $709,793,000 after purchasing an additional 934,304 shares during the period. Finally, Invesco Ltd. boosted its position in Marriott International by 1.8% during the 3rd quarter. Invesco Ltd. now owns 2,734,680 shares of the company's stock valued at $537,529,000 after purchasing an additional 48,872 shares during the period. Institutional investors and hedge funds own 70.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on MAR shares. Barclays boosted their price target on shares of Marriott International from $239.00 to $240.00 and gave the company an "equal weight" rating in a report on Friday, April 19th. Mizuho upped their target price on shares of Marriott International from $260.00 to $265.00 and gave the stock a "neutral" rating in a research report on Thursday, May 2nd. Argus boosted 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. Robert W. Baird lifted their target price on Marriott International from $248.00 to $250.00 and gave the company a "neutral" rating in a research note on Thursday, May 2nd. Finally, BMO Capital Markets lifted their price objective 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. Eleven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $241.33.


View Our Latest Research Report on MAR

Marriott International Price Performance

Shares of Marriott International stock traded down $1.02 during midday trading on Friday, hitting $239.45. The company had a trading volume of 1,566,325 shares, compared to its average volume of 1,414,825. Marriott International, Inc. has a 1-year low of $170.03 and a 1-year high of $260.57. The business's 50 day simple moving average is $238.58 and its two-hundred day simple moving average is $236.27. The stock has a market cap of $68.39 billion, a PE ratio of 24.82, a P/E/G ratio of 4.46 and a beta of 1.60.

Marriott International (NASDAQ:MAR - Get Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.04). Marriott International had a negative return on equity of 376.88% and a net margin of 12.00%. The company had revenue of $5.98 billion for the quarter, compared to the consensus estimate of $5.95 billion. During the same quarter in the previous year, the firm posted $2.09 EPS. The business's revenue for the quarter was up 6.4% compared to the same quarter last year. On average, sell-side analysts expect that Marriott International, Inc. will post 9.53 EPS for the current fiscal year.

Marriott International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 24th will be paid a $0.63 dividend. This is a positive change from Marriott International's previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $2.52 annualized dividend and a yield of 1.05%. Marriott International's payout ratio is currently 26.01%.

Marriott International Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Marriott International (NASDAQ:MAR)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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