Profund Advisors LLC Has $6.15 Million Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

Profund Advisors LLC trimmed its position in Marriott International, Inc. (NASDAQ:MAR) by 6.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,423 shares of the company’s stock after selling 1,691 shares during the period. Profund Advisors LLC’s holdings in Marriott International were worth $6,147,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Roble Belko & Company Inc raised its position 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 acquiring an additional 93 shares during the period. Bangor Savings Bank raised its position in shares of Marriott International by 131.1% in the 2nd 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 in the 2nd quarter valued at approximately $26,000. Benjamin Edwards Inc. acquired a new stake in Marriott International during the 1st quarter worth approximately $29,000. Finally, MFA Wealth Advisors LLC acquired a new stake in Marriott International during the 2nd quarter worth approximately $28,000. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on MAR. Deutsche Bank Aktiengesellschaft dropped their target price 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. Barclays raised their target price on shares of Marriott International from $240.00 to $251.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 17th. Morgan Stanley dropped their target price 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. Wells Fargo & Company dropped their target price on shares of Marriott International from $248.00 to $238.00 and set an “equal weight” rating on the stock in a report on Thursday, August 1st. Finally, Susquehanna assumed coverage on shares of Marriott International in a report on Friday, June 21st. They set a “neutral” rating and a $255.00 target price on the stock. Thirteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $248.65.

Marriott International Stock Performance

MAR opened at $244.39 on Friday. Marriott International, Inc. has a fifty-two week low of $180.75 and a fifty-two week high of $260.57. The company has a market capitalization of $69.80 billion, a P/E ratio of 25.22, a P/E/G ratio of 5.34 and a beta of 1.59. The stock has a fifty day moving average of $229.80 and a 200-day moving average of $237.81.

Marriott International (NASDAQ:MAR) last posted its earnings results on Wednesday, July 31st. The company reported $2.50 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $6.47 billion. During the same quarter last year, the firm earned $2.26 earnings per share. The company’s revenue was up 6.0% on a year-over-year basis. On average, equities research analysts predict that Marriott International, Inc. will post 9.37 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

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 paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date is Friday, August 16th. Marriott International’s dividend payout ratio (DPR) is presently 26.01%.

About Marriott International

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.