Canandaigua National Bank & Trust Co. Purchases 562 Shares of Marriott International, Inc. (NASDAQ:MAR)

Canandaigua National Bank & Trust Co. raised its position in Marriott International, Inc. (NASDAQ:MAR) by 18.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,541 shares of the company’s stock after purchasing an additional 562 shares during the period. Canandaigua National Bank & Trust Co.’s holdings in Marriott International were worth $880,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of MAR. Global Assets Advisory LLC purchased a new stake in shares of Marriott International during the 1st quarter valued at $153,697,000. Healthcare of Ontario Pension Plan Trust Fund raised its position in Marriott International by 36,856.7% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 241,327 shares of the company’s stock worth $58,346,000 after purchasing an additional 240,674 shares during the period. Pathstone Holdings LLC purchased a new position in shares of Marriott International in the fourth quarter valued at about $46,187,000. JPMorgan Chase & Co. increased its position in shares of Marriott International by 1.8% in the first quarter. JPMorgan Chase & Co. now owns 10,616,899 shares of the company’s stock valued at $2,678,750,000 after acquiring an additional 192,652 shares during the period. Finally, Capital International Investors increased its position in shares of Marriott International by 4.7% in the first quarter. Capital International Investors now owns 3,296,879 shares of the company’s stock valued at $831,836,000 after acquiring an additional 149,378 shares during the period. 70.70% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MAR has been the topic of a number of analyst reports. Barclays boosted their price objective on shares of Marriott International from $240.00 to $251.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 17th. Robert W. Baird reduced their target price on Marriott International from $252.00 to $245.00 and set a “neutral” rating on the stock in a report on Thursday, August 1st. Truist Financial lowered their target price on Marriott International from $263.00 to $254.00 and set a “hold” rating for the company in a research note on Tuesday, August 6th. The Goldman Sachs Group assumed coverage on Marriott International in a research report on Wednesday, September 18th. They set a “buy” rating and a $267.00 price target on the stock. Finally, 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. Thirteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $248.65.

Marriott International Trading Up 2.1 %

MAR stock traded up $5.13 during trading on Friday, reaching $254.61. The stock had a trading volume of 1,129,513 shares, compared to its average volume of 1,492,447. Marriott International, Inc. has a 52 week low of $180.75 and a 52 week high of $260.57. The stock’s 50 day moving average is $230.95 and its two-hundred day moving average is $237.90. The firm has a market cap of $72.72 billion, a PE ratio of 26.28, a PEG ratio of 5.68 and a beta of 1.59.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $2.50 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $6.44 billion for the quarter, compared to the consensus estimate of $6.47 billion. During the same quarter last year, the company earned $2.26 earnings per share. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, research analysts anticipate that Marriott International, Inc. will post 9.37 EPS for the current year.

Marriott International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 16th were given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 0.99%. The ex-dividend date was Friday, August 16th. Marriott International’s dividend payout ratio is currently 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.