American National Bank & Trust Decreases Holdings in Marriott International, Inc. (NASDAQ:MAR)

American National Bank & Trust lowered its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 2.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 33,468 shares of the company’s stock after selling 715 shares during the period. American National Bank & Trust’s holdings in Marriott International were worth $8,320,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in MAR. Roble Belko & Company Inc increased its stake 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. Bangor Savings Bank increased its position in shares of Marriott International by 131.1% in the second quarter. Bangor Savings Bank now owns 104 shares of the company’s stock valued at $25,000 after acquiring an additional 59 shares during the period. Hantz Financial Services Inc. bought a new position in shares of Marriott International during the second quarter valued at about $26,000. Benjamin Edwards Inc. bought a new stake in shares of Marriott International in the first quarter worth about $29,000. Finally, MFA Wealth Advisors LLC purchased a new position in Marriott International during the 2nd quarter valued at about $28,000. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on MAR. JPMorgan Chase & Co. lifted their price objective on Marriott International from $235.00 to $255.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. Barclays boosted their price objective on shares of Marriott International from $240.00 to $251.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 17th. Macquarie reaffirmed a “neutral” rating and set a $245.00 target price on shares of Marriott International in a research note on Friday, August 2nd. Robert W. Baird decreased their price target on shares of Marriott International from $252.00 to $245.00 and set a “neutral” rating for the company in a research note on Thursday, August 1st. Finally, Susquehanna assumed coverage on Marriott International in a research report on Friday, June 21st. They set a “neutral” rating and a $255.00 price objective on the stock. Thirteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $248.65.

Marriott International Stock Performance

Shares of Marriott International stock opened at $248.82 on Thursday. The company has a 50-day simple moving average of $230.28 and a two-hundred day simple moving average of $237.77. Marriott International, Inc. has a 52-week low of $180.75 and a 52-week high of $260.57. The stock has a market capitalization of $71.07 billion, a PE ratio of 25.68, a price-to-earnings-growth ratio of 5.68 and a beta of 1.59.

Marriott International (NASDAQ:MAR) last issued its earnings results on Wednesday, July 31st. The company reported $2.50 EPS 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 business had revenue of $6.44 billion for the quarter, compared to the consensus estimate of $6.47 billion. During the same period last year, the business posted $2.26 EPS. The company’s revenue was up 6.0% compared to the same quarter last year. As a group, equities research analysts forecast that Marriott International, Inc. will post 9.37 EPS for the current fiscal year.

Marriott International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, August 16th were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date was Friday, August 16th. Marriott International’s 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, City Express by Marriott, and St.