Kimelman & Baird LLC Takes $41,000 Position in Marriott International, Inc. (NASDAQ:MAR)

Kimelman & Baird LLC acquired a new position in shares of Marriott International, Inc. (NASDAQ:MAR) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 170 shares of the company’s stock, valued at approximately $41,000.

A number of other hedge funds also recently bought and sold shares of the company. 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 valued at $26,000 after acquiring an additional 93 shares in the last quarter. Bangor Savings Bank raised its stake in Marriott International by 131.1% during the 2nd 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. Hantz Financial Services Inc. acquired a new stake in shares of Marriott International in the second quarter worth $26,000. Benjamin Edwards Inc. purchased a new position in shares of Marriott International during the first quarter valued at $29,000. Finally, MFA Wealth Advisors LLC acquired a new position in Marriott International during the second quarter valued at $28,000. 70.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MAR. Barclays lifted their target price on Marriott International from $240.00 to $251.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 17th. Susquehanna assumed coverage on shares of Marriott International in a research report on Friday, June 21st. They issued a “neutral” rating and a $255.00 target price for the company. Truist Financial dropped their price target on shares of Marriott International from $263.00 to $254.00 and set a “hold” rating on the stock in a research note on Tuesday, August 6th. Morgan Stanley reduced their price objective on Marriott International from $268.00 to $250.00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. Finally, Sanford C. Bernstein raised Marriott International from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $247.00 to $262.00 in a research note on Thursday, August 29th. Thirteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $248.65.

Marriott International Price Performance

Shares of MAR opened at $248.60 on Tuesday. Marriott International, Inc. has a one year low of $180.75 and a one year high of $260.57. The company’s fifty day moving average price is $229.93 and its 200 day moving average price is $237.68. The company has a market capitalization of $71.01 billion, a PE ratio of 25.66, a price-to-earnings-growth ratio of 5.68 and a beta of 1.59.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $2.50 EPS 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 analyst estimates of $6.47 billion. During the same period in the previous year, the company earned $2.26 earnings per share. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. Analysts anticipate that Marriott International, Inc. will post 9.37 earnings per share for the current year.

Marriott International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 16th were paid a $0.63 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.01%. Marriott International’s payout ratio is 26.01%.

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.