Marietta Investment Partners LLC Raises Stake in Marriott International, Inc. (NASDAQ:MAR)

Marietta Investment Partners LLC increased its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 38.0% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 10,465 shares of the company’s stock after purchasing an additional 2,880 shares during the period. Marietta Investment Partners LLC’s holdings in Marriott International were worth $2,530,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Roble Belko & Company Inc raised 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 acquiring an additional 93 shares in the last quarter. Bangor Savings Bank raised its holdings 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 in the last quarter. Hantz Financial Services Inc. purchased a new stake in shares of Marriott International in the 2nd quarter valued at about $26,000. Benjamin Edwards Inc. bought a new position in shares of Marriott International during the 1st quarter valued at about $29,000. Finally, MFA Wealth Advisors LLC bought a new position in shares of Marriott International during the 2nd quarter valued at about $28,000. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on MAR shares. Robert W. Baird reduced their price objective on Marriott International from $252.00 to $245.00 and set a “neutral” rating on the stock in a research report on Thursday, August 1st. Truist Financial reduced their price objective on Marriott International from $263.00 to $254.00 and set a “hold” rating on the stock in a research report on Tuesday, August 6th. Barclays increased their price objective on Marriott International from $240.00 to $251.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 17th. Morgan Stanley reduced their price target on Marriott International from $268.00 to $250.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. raised their price target on Marriott International from $235.00 to $255.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. Thirteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $248.65.

Marriott International Stock Performance

Shares of MAR stock opened at $244.39 on Monday. The firm has a market cap 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 business’s 50 day moving average price is $229.80 and its 200-day moving average price is $237.74. 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 released its earnings results on Wednesday, July 31st. The company reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.49 by $0.01. The company had revenue of $6.44 billion during the quarter, compared to analysts’ expectations of $6.47 billion. Marriott International had a negative return on equity of 239.60% and a net margin of 12.01%. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.26 EPS. As a group, equities analysts predict that Marriott International, Inc. will post 9.37 EPS for the current year.

Marriott International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 16th will be paid 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 payout ratio is 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.