Marriott International, Inc. (NASDAQ:MAR) Shares Sold by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc lowered its holdings in Marriott International, Inc. (NASDAQ:MAR) by 4.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 740,017 shares of the company’s stock after selling 30,933 shares during the quarter. Ensign Peak Advisors Inc owned 0.26% of Marriott International worth $178,914,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in Marriott International by 1.8% in the first quarter. JPMorgan Chase & Co. now owns 10,616,899 shares of the company’s stock valued at $2,678,750,000 after purchasing an additional 192,652 shares during the period. Capital International Investors increased its holdings in Marriott International by 4.7% in the 1st quarter. Capital International Investors now owns 3,296,879 shares of the company’s stock worth $831,836,000 after acquiring an additional 149,378 shares in the last quarter. Parnassus Investments LLC lifted its holdings in Marriott International by 0.3% during the fourth quarter. Parnassus Investments LLC now owns 2,457,382 shares of the company’s stock valued at $554,164,000 after purchasing an additional 7,135 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Marriott International by 5.1% during the second quarter. Dimensional Fund Advisors LP now owns 679,757 shares of the company’s stock worth $164,355,000 after purchasing an additional 33,149 shares in the last quarter. Finally, Harbor Investment Advisory LLC raised its position in shares of Marriott International by 11.9% during the 1st quarter. Harbor Investment Advisory LLC now owns 635,202 shares of the company’s stock worth $160,268,000 after purchasing an additional 67,659 shares during the last quarter. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MAR. Truist Financial lowered their price target on Marriott International from $263.00 to $254.00 and set a “hold” rating on the stock in a research note on Tuesday, August 6th. UBS Group reduced their price objective on Marriott International from $267.00 to $244.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 13th. Deutsche Bank Aktiengesellschaft cut their target price on Marriott International from $222.00 to $216.00 and set a “hold” rating for the company in a research note on Thursday, August 1st. The Goldman Sachs Group started coverage on shares of Marriott International in a research report on Wednesday. They set a “buy” rating and a $267.00 price objective for the company. Finally, Susquehanna started coverage on shares of Marriott International in a report on Friday, June 21st. They issued a “neutral” rating and a $255.00 target price on the stock. Thirteen analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $247.33.

Marriott International Stock Performance

Shares of NASDAQ:MAR opened at $244.39 on Friday. The stock has a market capitalization of $69.80 billion, a price-to-earnings ratio of 25.22, a PEG ratio of 5.34 and a beta of 1.59. Marriott International, Inc. has a one year low of $180.75 and a one year high of $260.57. The company has a 50-day simple moving average of $229.80 and a 200-day simple moving average of $237.88.

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

Marriott International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 16th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend is Friday, August 16th. Marriott International’s dividend payout ratio is currently 26.01%.

Marriott International 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.