Marriott International, Inc. (NASDAQ:MAR) Shares Sold by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. lowered its position in Marriott International, Inc. (NASDAQ:MAR) by 35.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,267 shares of the company’s stock after selling 700 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Marriott International were worth $306,000 as of its most recent filing with the Securities & Exchange Commission.

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

Marriott International Trading Up 1.3 %

Shares of MAR stock opened at $238.74 on Thursday. Marriott International, Inc. has a twelve month low of $180.75 and a twelve month high of $260.57. The stock has a market cap of $68.19 billion, a price-to-earnings ratio of 24.64, a PEG ratio of 5.34 and a beta of 1.59. The company’s 50-day moving average price is $229.67 and its 200-day moving average price is $237.85.

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, topping 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 business had revenue of $6.44 billion during the quarter, compared to the consensus estimate of $6.47 billion. During the same quarter last year, the firm earned $2.26 EPS. The business’s revenue was up 6.0% compared to the same quarter last year. As a group, equities research analysts predict that Marriott International, Inc. will post 9.37 EPS for the current year.

Marriott International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 16th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Friday, August 16th. Marriott International’s payout ratio is 26.01%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MAR. Truist Financial cut their price objective on shares of Marriott International from $263.00 to $254.00 and set a “hold” rating for the company in a report on Tuesday, August 6th. Wells Fargo & Company reduced their price target on Marriott International from $248.00 to $238.00 and set an “equal weight” rating for the company in a report on Thursday, August 1st. Susquehanna began coverage on Marriott International in a research report on Friday, June 21st. They issued a “neutral” rating and a $255.00 price objective for the company. The Goldman Sachs Group initiated coverage on Marriott International in a research report on Wednesday. They set a “buy” rating and a $267.00 target price on the stock. Finally, Sanford C. Bernstein upgraded shares of Marriott International from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $247.00 to $262.00 in a research report on Thursday, August 29th. Thirteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Marriott International has an average rating of “Hold” and a consensus target price of $247.33.

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.