XTX Topco Ltd Takes Position in Marriott International, Inc. (NASDAQ:MAR)

XTX Topco Ltd purchased a new position in Marriott International, Inc. (NASDAQ:MAR) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 14,190 shares of the company’s stock, valued at approximately $3,431,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Gryphon Financial Partners LLC increased its stake in Marriott International by 321.7% in the fourth quarter. Gryphon Financial Partners LLC now owns 5,857 shares of the company’s stock worth $1,321,000 after purchasing an additional 4,468 shares during the period. Jump Financial LLC acquired a new position in Marriott International during the 4th quarter valued at about $353,000. Balentine LLC boosted its stake in Marriott International by 5.1% in the 4th quarter. Balentine LLC now owns 1,663 shares of the company’s stock worth $375,000 after purchasing an additional 80 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of Marriott International by 4.7% during the fourth quarter. Wells Fargo & Company MN now owns 660,831 shares of the company’s stock worth $149,024,000 after buying an additional 29,785 shares during the period. Finally, CreativeOne Wealth LLC raised its stake in shares of Marriott International by 34.1% in the fourth quarter. CreativeOne Wealth LLC now owns 1,569 shares of the company’s stock worth $353,000 after purchasing an additional 399 shares during the last quarter. Institutional investors own 70.70% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on MAR shares. UBS Group decreased their price target on Marriott International from $267.00 to $244.00 and set a “neutral” rating for the company in a report on Tuesday, August 13th. Wells Fargo & Company cut 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. Robert W. Baird decreased their price objective on Marriott International from $252.00 to $245.00 and set a “neutral” rating on the stock in a report on Thursday, August 1st. Susquehanna assumed coverage on shares of Marriott International in a research report on Friday, June 21st. They set a “neutral” rating and a $255.00 price target for the company. Finally, JPMorgan Chase & Co. raised their target price on Marriott International from $235.00 to $255.00 and gave the company a “neutral” rating in a report on Friday, July 19th. 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, Marriott International currently has a consensus rating of “Hold” and an average target price of $247.33.

Marriott International Stock Up 1.3 %

Marriott International 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 company’s 50-day moving average price is $229.67 and its two-hundred day moving average price is $237.85. The stock 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.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $2.50 earnings per share 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 analysts’ expectations of $6.47 billion. Marriott International had a net margin of 12.01% and a negative return on equity of 239.60%. The business’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.26 EPS. Equities analysts anticipate that Marriott International, Inc. will post 9.37 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 16th will be issued a $0.63 dividend. The ex-dividend date is Friday, August 16th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.06%. Marriott International’s dividend payout ratio (DPR) 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.