Marriott International, Inc. (NASDAQ:MAR) Holdings Raised by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC boosted its holdings in Marriott International, Inc. (NASDAQ:MAR) by 1.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 120,659 shares of the company’s stock after purchasing an additional 1,577 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Marriott International were worth $29,996,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bangor Savings Bank lifted its holdings in shares of Marriott International by 131.1% in the 2nd quarter. Bangor Savings Bank now owns 104 shares of the company’s stock worth $25,000 after purchasing an additional 59 shares during the last quarter. Hantz Financial Services Inc. acquired a new position in shares of Marriott International during the second quarter valued at $26,000. MFA Wealth Advisors LLC bought a new position in shares of Marriott International during the second quarter worth about $28,000. Annapolis Financial Services LLC acquired a new stake in shares of Marriott International in the 1st quarter worth about $34,000. Finally, Unique Wealth Strategies LLC acquired a new position in Marriott International during the 2nd quarter valued at about $35,000. 70.70% of the stock is owned by institutional investors and hedge funds.

Marriott International Stock Down 0.2 %

Shares of Marriott International stock opened at $264.97 on Tuesday. Marriott International, Inc. has a 12-month low of $180.75 and a 12-month high of $266.58. The firm has a market capitalization of $75.68 billion, a PE ratio of 27.34, a price-to-earnings-growth ratio of 6.15 and a beta of 1.59. The stock’s fifty day moving average is $239.95 and its 200-day moving average is $238.44.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.49 by $0.01. Marriott International had a net margin of 12.01% and a negative return on equity of 239.60%. The company had revenue of $6.44 billion during the quarter, compared to analyst estimates of $6.47 billion. During the same period in the prior year, the firm earned $2.26 earnings per share. The business’s quarterly revenue was up 6.0% on a year-over-year basis. Analysts expect that Marriott International, Inc. will post 9.37 EPS for the current year.

Marriott International Dividend Announcement

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

Wall Street Analysts Forecast Growth

MAR has been the topic of a number of recent analyst reports. UBS Group cut their price target on Marriott International from $267.00 to $244.00 and set a “neutral” rating on the stock in a report on Tuesday, August 13th. Morgan Stanley reduced their price target on Marriott International from $268.00 to $250.00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. The Goldman Sachs Group initiated coverage on shares of Marriott International in a research note on Wednesday, September 18th. They set a “buy” rating and a $267.00 price objective on the stock. Truist Financial decreased their target price on shares of Marriott International from $263.00 to $254.00 and set a “hold” rating for the company in a research report on Tuesday, August 6th. Finally, Robert W. Baird set a $258.00 price target on shares of Marriott International in a research note on Thursday. Thirteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Marriott International has an average rating of “Hold” and an average target price of $253.16.

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.