Marriott International, Inc. (NASDAQ:MAR) Shares Sold by Sei Investments Co.

Sei Investments Co. reduced its position in Marriott International, Inc. (NASDAQ:MAR) by 0.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,427 shares of the company’s stock after selling 234 shares during the period. Sei Investments Co.’s holdings in Marriott International were worth $31,533,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Bangor Savings Bank boosted its stake in shares of Marriott International by 131.1% in the second quarter. Bangor Savings Bank now owns 104 shares of the company’s stock valued at $25,000 after purchasing an additional 59 shares during the period. Roble Belko & Company Inc lifted 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 worth $26,000 after buying an additional 93 shares during the last quarter. Hantz Financial Services Inc. bought a new position in shares of Marriott International during the second quarter valued at approximately $26,000. MFA Wealth Advisors LLC acquired a new stake in Marriott International in the second quarter worth $28,000. Finally, Benjamin Edwards Inc. bought a new stake in Marriott International in the 1st quarter valued at about $29,000. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Marriott International Stock Performance

NASDAQ MAR opened at $241.67 on Tuesday. Marriott International, Inc. has a twelve month low of $180.75 and a twelve month high of $260.57. The stock has a market cap of $69.03 billion, a PE ratio of 24.94, a PEG ratio of 5.34 and a beta of 1.59. The firm has a 50-day simple moving average of $229.70 and a 200 day simple moving average of $237.71.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Wednesday, July 31st. The company reported $2.50 earnings per share (EPS) 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 business had revenue of $6.44 billion for the quarter, compared to analysts’ expectations of $6.47 billion. During the same period in the previous year, the business posted $2.26 earnings per share. Marriott International’s quarterly revenue was up 6.0% on a year-over-year basis. Research analysts forecast that Marriott International, Inc. will post 9.37 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The firm also recently declared 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 1.04%. The ex-dividend date is Friday, August 16th. Marriott International’s dividend payout ratio is 26.01%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Susquehanna started coverage on Marriott International in a research note on Friday, June 21st. They set a “neutral” rating and a $255.00 target price on the stock. Truist Financial cut their price objective on Marriott International from $263.00 to $254.00 and set a “hold” rating on the stock in a report on Tuesday, August 6th. Barclays raised their target price on Marriott International from $240.00 to $251.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 17th. Robert W. Baird decreased their target price on shares of Marriott International from $252.00 to $245.00 and set a “neutral” rating for the company in a research note on Thursday, August 1st. Finally, The Goldman Sachs Group began coverage on Marriott International in a report on Wednesday, September 18th. They set a “buy” rating and a $267.00 price target for the company. Thirteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Marriott International has a consensus rating of “Hold” and a consensus price target of $248.65.

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.