Bleakley Financial Group LLC Buys 400 Shares of Marriott International, Inc. (NASDAQ:MAR)

Bleakley Financial Group LLC boosted its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 7.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,728 shares of the company’s stock after buying an additional 400 shares during the period. Bleakley Financial Group LLC’s holdings in Marriott International were worth $1,424,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Rockland Trust Co. boosted its stake in Marriott International by 2.3% during the second quarter. Rockland Trust Co. now owns 1,802 shares of the company’s stock valued at $436,000 after buying an additional 41 shares during the period. Kathmere Capital Management LLC lifted its stake in shares of Marriott International by 1.2% in the 1st quarter. Kathmere Capital Management LLC now owns 3,599 shares of the company’s stock valued at $908,000 after acquiring an additional 42 shares during the last quarter. Park Avenue Securities LLC lifted its stake in shares of Marriott International by 1.4% in the 2nd quarter. Park Avenue Securities LLC now owns 3,298 shares of the company’s stock valued at $797,000 after acquiring an additional 46 shares during the last quarter. SeaCrest Wealth Management LLC lifted its stake in shares of Marriott International by 1.5% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 3,075 shares of the company’s stock valued at $743,000 after acquiring an additional 46 shares during the last quarter. Finally, Quent Capital LLC lifted its stake in shares of Marriott International by 7.9% in the 1st quarter. Quent Capital LLC now owns 644 shares of the company’s stock valued at $162,000 after acquiring an additional 47 shares during the last quarter. Institutional investors own 70.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on MAR shares. Truist Financial lowered their target price on Marriott International from $263.00 to $254.00 and set a “hold” rating for the company in a research note on Tuesday, August 6th. Robert W. Baird set a $258.00 target price on Marriott International in a report on Thursday. Macquarie reiterated a “neutral” rating and set a $245.00 target price on shares of Marriott International in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft reduced their target price on Marriott International from $222.00 to $216.00 and set a “hold” rating on the stock in a report on Thursday, August 1st. Finally, The Goldman Sachs Group started coverage on Marriott International in a research note on Wednesday, September 18th. They issued a “buy” rating and a $267.00 price target on the stock. Twelve research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Marriott International currently has a consensus rating of “Hold” and a consensus target price of $249.41.

Marriott International Price Performance

NASDAQ MAR opened at $265.60 on Friday. The business’s fifty day moving average price is $238.95 and its 200-day moving average price is $238.41. The stock has a market capitalization of $75.86 billion, a price-to-earnings ratio of 27.41, a PEG ratio of 6.15 and a beta of 1.59. Marriott International, Inc. has a 1-year low of $180.75 and a 1-year high of $266.58.

Marriott International (NASDAQ:MAR) last released 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 firm earned $2.26 EPS. The company’s revenue was up 6.0% compared to the same quarter last year. Equities research analysts anticipate that Marriott International, Inc. will post 9.37 EPS for the current year.

Marriott International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 16th were issued a $0.63 dividend. The ex-dividend date was Friday, August 16th. This represents a $2.52 dividend on an annualized basis and a yield of 0.95%. Marriott International’s dividend payout ratio is currently 26.01%.

Marriott International Company 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.