Oppenheimer & Co. Inc. Decreases Holdings in Marriott International, Inc. (NASDAQ:MAR)

Oppenheimer & Co. Inc. decreased its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 4.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,865 shares of the company’s stock after selling 545 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Marriott International were worth $3,110,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Bangor Savings Bank boosted its stake in shares of Marriott International by 131.1% during the 2nd quarter. Bangor Savings Bank now owns 104 shares of the company’s stock worth $25,000 after acquiring an additional 59 shares in the last quarter. Roble Belko & Company Inc boosted its stake in shares of Marriott International by 845.5% during the 1st quarter. Roble Belko & Company Inc now owns 104 shares of the company’s stock worth $26,000 after acquiring an additional 93 shares in the last quarter. Hantz Financial Services Inc. purchased a new stake in Marriott International in the 2nd quarter valued at approximately $26,000. MFA Wealth Advisors LLC purchased a new stake in Marriott International in the 2nd quarter valued at approximately $28,000. Finally, Benjamin Edwards Inc. purchased a new stake in Marriott International in the 1st quarter valued at approximately $29,000. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on MAR shares. Robert W. Baird reduced their target price on Marriott International from $252.00 to $245.00 and set a “neutral” rating on the stock in a research note on Thursday, August 1st. Macquarie reaffirmed a “neutral” rating and issued a $245.00 target price on shares of Marriott International in a research note on Friday, August 2nd. Susquehanna started coverage on Marriott International in a research note on Friday, June 21st. They issued a “neutral” rating and a $255.00 target price on the stock. Morgan Stanley reduced their target price 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. Finally, Wells Fargo & Company reduced their price target on Marriott International from $248.00 to $238.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 1st. Thirteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Marriott International presently has an average rating of “Hold” and a consensus price target of $246.18.

Marriott International Stock Up 0.5 %

MAR stock opened at $231.74 on Monday. The company has a market cap of $66.19 billion, a price-to-earnings ratio of 23.92, a PEG ratio of 5.34 and a beta of 1.59. The business has a fifty day simple moving average of $229.93 and a 200-day simple moving average of $238.07. Marriott International, Inc. has a 52 week low of $180.75 and a 52 week high of $260.57.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $2.50 earnings per share (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 firm had revenue of $6.44 billion during the quarter, compared to the consensus estimate of $6.47 billion. During the same period in the prior year, the firm earned $2.26 EPS. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, analysts expect that Marriott International, Inc. will post 9.37 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 16th will be issued a $0.63 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.52 annualized dividend and a yield of 1.09%. 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.