Bank of Montreal Can Has $143.54 Million Stake in Marriott International, Inc. (NASDAQ:MAR)

Bank of Montreal Can trimmed its stake in Marriott International, Inc. (NASDAQ:MAR) by 2.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 585,986 shares of the company’s stock after selling 16,811 shares during the quarter. Bank of Montreal Can owned about 0.21% of Marriott International worth $143,537,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MAR. 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 worth $26,000 after purchasing an additional 93 shares in the last quarter. Bangor Savings Bank raised its holdings in Marriott International by 131.1% during the second quarter. Bangor Savings Bank now owns 104 shares of the company’s stock worth $25,000 after buying an additional 59 shares during the last quarter. Hantz Financial Services Inc. acquired a new position in shares of Marriott International during the second quarter valued at about $26,000. Benjamin Edwards Inc. bought a new stake in shares of Marriott International during the first quarter worth about $29,000. Finally, MFA Wealth Advisors LLC acquired a new stake in shares of Marriott International in the 2nd quarter worth about $28,000. 70.70% of the stock is owned by institutional investors.

Marriott International Stock Performance

MAR stock opened at $241.67 on Tuesday. Marriott International, Inc. has a fifty-two week low of $180.75 and a fifty-two week high of $260.57. The stock has a fifty day moving average of $229.70 and a 200-day moving average of $237.71. The company has a market capitalization of $69.03 billion, a price-to-earnings ratio of 24.94, a PEG ratio of 5.34 and a beta of 1.59.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.49 by $0.01. The company had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6.47 billion. Marriott International had a net margin of 12.01% and a negative return on equity of 239.60%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.26 earnings per share. Equities analysts predict that Marriott International, Inc. will post 9.37 EPS for the current year.

Marriott International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 16th will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Friday, August 16th. Marriott International’s dividend payout ratio (DPR) is presently 26.01%.

Analyst Ratings Changes

A number of brokerages have commented on MAR. UBS Group decreased their price objective on Marriott International from $267.00 to $244.00 and set a “neutral” rating for the company in a report on Tuesday, August 13th. Barclays increased their price target 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. The Goldman Sachs Group initiated coverage on shares of Marriott International in a research note on Wednesday, September 18th. They issued a “buy” rating and a $267.00 target price for the company. 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 on the stock. Finally, Wells Fargo & Company reduced their price objective on shares of Marriott International from $248.00 to $238.00 and set an “equal weight” rating for the company in a research report on Thursday, August 1st. Thirteen analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Marriott International currently has an average rating of “Hold” and an average price target of $248.65.

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.