Little House Capital LLC Sells 4,137 Shares of Marriott International, Inc. (NASDAQ:MAR)

Little House Capital LLC trimmed its stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 63.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,393 shares of the company's stock after selling 4,137 shares during the quarter. Little House Capital LLC's holdings in Marriott International were worth $604,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in MAR. Roble Belko & Company Inc boosted its position in shares of Marriott International by 845.5% in the first quarter. Roble Belko & Company Inc now owns 104 shares of the company's stock worth $26,000 after buying an additional 93 shares during the period. ORG Partners LLC boosted its position in shares of Marriott International by 72.6% in the fourth quarter. ORG Partners LLC now owns 126 shares of the company's stock worth $29,000 after buying an additional 53 shares during the period. Keener Financial Planning LLC acquired a new stake in shares of Marriott International during the 4th quarter worth approximately $30,000. Annapolis Financial Services LLC acquired a new stake in shares of Marriott International during the 1st quarter worth approximately $34,000. Finally, Anchor Investment Management LLC acquired a new stake in shares of Marriott International during the 4th quarter worth approximately $31,000. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on MAR. Wells Fargo & Company dropped their price target on Marriott International from $250.00 to $248.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 2nd. Mizuho increased their price target on Marriott International from $260.00 to $265.00 and gave the stock a "neutral" rating in a research report on Thursday, May 2nd. Argus increased their price target on Marriott International from $270.00 to $280.00 and gave the stock a "buy" rating in a research report on Tuesday, March 19th. BMO Capital Markets increased their price target on Marriott International from $235.00 to $240.00 and gave the stock a "market perform" rating in a research report on Thursday, May 2nd. Finally, Barclays increased their price objective on Marriott International from $239.00 to $240.00 and gave the stock an "equal weight" rating in a report on Friday, April 19th. Twelve analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $242.19.

Marriott International Price Performance

Shares of MAR traded down $2.26 during trading hours on Monday, hitting $239.51. 1,474,983 shares of the company were exchanged, compared to its average volume of 1,465,906. The company has a market capitalization of $68.41 billion, a PE ratio of 24.69, a PEG ratio of 4.55 and a beta of 1.60. The firm has a fifty day simple moving average of $237.41 and a 200-day simple moving average of $239.33. Marriott International, Inc. has a one year low of $178.24 and a one year high of $260.57.

Marriott International (NASDAQ:MAR - Get Free Report) last released its quarterly earnings data on Wednesday, May 1st. The company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.04). The company had revenue of $5.98 billion for the quarter, compared to the consensus estimate of $5.95 billion. Marriott International had a negative return on equity of 376.88% and a net margin of 12.00%. The business's revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the business earned $2.09 earnings per share. Sell-side analysts expect that Marriott International, Inc. will post 9.55 EPS for the current year.

Marriott International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, May 24th were issued a $0.63 dividend. The ex-dividend date was Thursday, May 23rd. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.05%. This is a positive change from Marriott International's previous quarterly dividend of $0.52. Marriott International's dividend payout ratio is presently 26.01%.

Marriott International Profile

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.