PFG Investments LLC Has $340,000 Position in Marriott International, Inc. (NASDAQ:MAR)

PFG Investments LLC decreased its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 18.4% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 1,407 shares of the company’s stock after selling 318 shares during the period. PFG Investments LLC’s holdings in Marriott International were worth $340,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Roble Belko & Company Inc boosted its position in shares of Marriott International by 845.5% during the first quarter. Roble Belko & Company Inc now owns 104 shares of the company’s stock valued at $26,000 after buying an additional 93 shares during the last quarter. Bangor Savings Bank boosted its holdings in Marriott International by 131.1% during the 2nd quarter. Bangor Savings Bank now owns 104 shares of the company’s stock worth $25,000 after acquiring an additional 59 shares during the last quarter. Hantz Financial Services Inc. bought a new stake in shares of Marriott International in the 2nd quarter worth $26,000. Benjamin Edwards Inc. bought a new position in shares of Marriott International during the first quarter valued at about $29,000. Finally, MFA Wealth Advisors LLC purchased a new position in Marriott International during the second quarter worth about $28,000. 70.70% of the stock is owned by institutional investors.

Marriott International Stock Performance

Shares of NASDAQ MAR opened at $230.70 on Friday. Marriott International, Inc. has a fifty-two week low of $180.75 and a fifty-two week high of $260.57. The stock has a market cap of $65.89 billion, a PE ratio of 23.81, a price-to-earnings-growth ratio of 5.35 and a beta of 1.59. The stock has a fifty day moving average of $230.12 and a 200-day moving average of $238.35.

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. Marriott International had a negative return on equity of 239.60% and a net margin of 12.01%. The firm had revenue of $6.44 billion for the quarter, compared to analysts’ expectations of $6.47 billion. During the same period in the prior year, the business posted $2.26 earnings per share. The company’s revenue was up 6.0% on a year-over-year basis. On average, sell-side analysts predict that Marriott International, Inc. will post 9.37 EPS for the current year.

Marriott International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 16th will be given a dividend of $0.63 per share. The ex-dividend date is Friday, August 16th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.09%. Marriott International’s dividend payout ratio (DPR) is currently 26.01%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of Marriott International from $235.00 to $255.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. UBS Group reduced their price objective on Marriott International from $267.00 to $244.00 and set a “neutral” rating for the company in a research note on Tuesday, August 13th. Wells Fargo & Company lowered their target price on Marriott International from $248.00 to $238.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 1st. Truist Financial decreased their price objective on shares of Marriott International from $263.00 to $254.00 and set a “hold” rating for the company in a report on Tuesday, August 6th. Finally, Morgan Stanley dropped their target price on shares of Marriott International from $268.00 to $250.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. Thirteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $246.18.

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, City Express by Marriott, and St.