OneAscent Wealth Management LLC Buys Shares of 1,183 Marriott International, Inc. (NASDAQ:MAR)

OneAscent Wealth Management LLC bought a new stake in Marriott International, Inc. (NASDAQ:MAR) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,183 shares of the company’s stock, valued at approximately $298,000.

A number of other large investors also recently bought and sold shares of the stock. Roble Belko & Company Inc lifted 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 worth $26,000 after purchasing an additional 93 shares in the last quarter. ORG Partners LLC raised its holdings in Marriott International by 72.6% in the fourth quarter. ORG Partners LLC now owns 126 shares of the company’s stock valued at $29,000 after acquiring an additional 53 shares in the last quarter. Keener Financial Planning LLC acquired a new stake in Marriott International in the fourth quarter valued at approximately $30,000. Anchor Investment Management LLC acquired a new stake in Marriott International in the fourth quarter valued at approximately $31,000. Finally, Wetzel Investment Advisors Inc. acquired a new stake in Marriott International in the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Price Performance

NASDAQ:MAR opened at $241.77 on Friday. The firm’s fifty day moving average price is $237.41 and its 200 day moving average price is $239.18. Marriott International, Inc. has a 1-year low of $177.10 and a 1-year high of $260.57. The firm has a market cap of $69.05 billion, a price-to-earnings ratio of 24.95, a price-to-earnings-growth ratio of 4.55 and a beta of 1.60.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $2.13 earnings per share for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). Marriott International had a net margin of 12.00% and a negative return on equity of 376.88%. The firm had revenue of $5.98 billion during the quarter, compared to analysts’ expectations of $5.95 billion. During the same quarter last year, the business earned $2.09 earnings per share. The business’s quarterly revenue was up 6.4% on a year-over-year basis. As a group, analysts expect that Marriott International, Inc. will post 9.55 earnings per share for the current fiscal year.

Marriott International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, May 24th were issued a $0.63 dividend. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a $2.52 dividend on an annualized basis and a yield of 1.04%. This is an increase from Marriott International’s previous quarterly dividend of $0.52. Marriott International’s dividend payout ratio (DPR) is 26.01%.

Analysts Set New Price Targets

Several analysts recently weighed in on MAR shares. Argus raised their target price on shares of Marriott International from $270.00 to $280.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. Mizuho increased their price target on shares of Marriott International from $260.00 to $265.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Barclays increased their price target on shares of Marriott International from $239.00 to $240.00 and gave the company an “equal weight” rating in a research note on Friday, April 19th. Wells Fargo & Company dropped their price target on shares of Marriott International from $250.00 to $248.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 2nd. Finally, Robert W. Baird increased their price target on shares of Marriott International from $248.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Twelve analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Marriott International currently has an average rating of “Hold” and a consensus target price of $242.19.

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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.