Intrepid Financial Planning Group LLC Reduces Stake in Marriott International, Inc. (NASDAQ:MAR)

Intrepid Financial Planning Group LLC lessened its stake in Marriott International, Inc. (NASDAQ:MAR) by 35.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,505 shares of the company’s stock after selling 825 shares during the quarter. Intrepid Financial Planning Group LLC’s holdings in Marriott International were worth $364,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Capital International Investors lifted its position in shares of Marriott International by 42.2% during the fourth quarter. Capital International Investors now owns 3,147,501 shares of the company’s stock worth $709,793,000 after acquiring an additional 934,304 shares in the last quarter. Global Assets Advisory LLC purchased a new stake in Marriott International during the 1st quarter worth about $153,697,000. Public Employees Retirement Association of Colorado boosted its stake in Marriott International by 557.2% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 496,505 shares of the company’s stock worth $111,967,000 after purchasing an additional 420,962 shares during the period. Pathstone Holdings LLC purchased a new position in Marriott International during the 4th quarter valued at about $46,187,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Marriott International by 1.8% in the first quarter. JPMorgan Chase & Co. now owns 10,616,899 shares of the company’s stock worth $2,678,750,000 after buying an additional 192,652 shares in the last quarter. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on MAR shares. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Marriott International from $222.00 to $216.00 and set a “hold” rating on the stock in a report on Thursday, August 1st. Wells Fargo & Company lowered their price target on Marriott International from $248.00 to $238.00 and set an “equal weight” rating on the stock in a report on Thursday, August 1st. Barclays boosted their price objective on Marriott International from $240.00 to $251.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 17th. Susquehanna initiated coverage on shares of Marriott International in a research report on Friday, June 21st. They set a “neutral” rating and a $255.00 target price for the company. Finally, Morgan Stanley decreased their price target on shares of Marriott International from $268.00 to $250.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. Thirteen research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $247.33.

Marriott International Stock Performance

Shares of MAR stock opened at $238.74 on Thursday. The firm has a market cap of $68.19 billion, a P/E ratio of 24.64, a P/E/G ratio of 5.34 and a beta of 1.59. The business’s 50 day moving average price is $229.67 and its 200-day moving average price is $237.85. Marriott International, Inc. has a fifty-two week low of $180.75 and a fifty-two week high of $260.57.

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

Marriott International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 16th will be given a dividend of $0.63 per share. The ex-dividend date is Friday, August 16th. This represents a $2.52 annualized dividend and a yield of 1.06%. Marriott International’s payout ratio is 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.