Foundations Investment Advisors LLC Acquires 51 Shares of Marriott International, Inc. (NASDAQ:MAR)

Foundations Investment Advisors LLC increased its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 2.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,010 shares of the company’s stock after acquiring an additional 51 shares during the period. Foundations Investment Advisors LLC’s holdings in Marriott International were worth $500,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in MAR. Bangor Savings Bank boosted its stake in shares of Marriott International by 131.1% in the 2nd quarter. Bangor Savings Bank now owns 104 shares of the company’s stock valued at $25,000 after purchasing an additional 59 shares in the last quarter. Hantz Financial Services Inc. bought a new stake in Marriott International during the second quarter worth about $26,000. MFA Wealth Advisors LLC acquired a new stake in shares of Marriott International during the second quarter worth approximately $28,000. Annapolis Financial Services LLC bought a new position in shares of Marriott International in the first quarter valued at approximately $34,000. Finally, Unique Wealth Strategies LLC bought a new stake in Marriott International during the 2nd quarter worth approximately $35,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Trading Up 0.6 %

NASDAQ:MAR opened at $262.12 on Friday. The stock has a market cap of $74.87 billion, a price-to-earnings ratio of 27.05, a PEG ratio of 6.36 and a beta of 1.59. The stock has a 50-day moving average price of $242.52 and a two-hundred day moving average price of $238.81. Marriott International, Inc. has a 1 year low of $180.75 and a 1 year high of $266.58.

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

Marriott International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders 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 yield of 0.96%. The ex-dividend date of this dividend was Friday, August 16th. Marriott International’s dividend payout ratio (DPR) is presently 26.01%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Morgan Stanley reduced their price objective on Marriott International from $268.00 to $250.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. Truist Financial decreased their price objective on shares of Marriott International from $263.00 to $254.00 and set a “hold” rating on the stock in a report on Tuesday, August 6th. UBS Group reduced their target price on shares of Marriott International from $267.00 to $244.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 13th. Evercore ISI raised their price target on shares of Marriott International from $245.00 to $270.00 and gave the company an “in-line” rating in a report on Monday, October 21st. Finally, Bank of America lifted their target price on Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Thirteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $256.39.

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.