Country Trust Bank Has $866,000 Stake in Marriott International, Inc. (NASDAQ:MAR)

Country Trust Bank boosted its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 174,100.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,484 shares of the company’s stock after acquiring an additional 3,482 shares during the quarter. Country Trust Bank’s holdings in Marriott International were worth $866,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MAR. Global Assets Advisory LLC acquired a new position in Marriott International in the first quarter valued at about $153,697,000. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of 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 acquiring an additional 240,674 shares in the last quarter. Pathstone Holdings LLC bought a new stake in Marriott International during the 4th quarter worth approximately $46,187,000. JPMorgan Chase & Co. boosted its stake in Marriott International by 1.8% in the first quarter. JPMorgan Chase & Co. now owns 10,616,899 shares of the company’s stock worth $2,678,750,000 after purchasing an additional 192,652 shares in the last quarter. Finally, Capital International Investors grew its holdings in shares of Marriott International by 4.7% during the first quarter. Capital International Investors now owns 3,296,879 shares of the company’s stock worth $831,836,000 after purchasing an additional 149,378 shares during the last quarter. 70.70% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Morgan Stanley reduced their price target on shares of Marriott International from $268.00 to $250.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. The Goldman Sachs Group initiated coverage on shares of Marriott International in a research report on Wednesday, September 18th. They set a “buy” rating and a $267.00 target price on the stock. Truist Financial dropped their price objective on shares of Marriott International from $263.00 to $254.00 and set a “hold” rating for the company in a research report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft decreased their price objective on Marriott International from $222.00 to $216.00 and set a “hold” rating on the stock in a research report on Thursday, August 1st. Finally, UBS Group dropped their target price on Marriott International from $267.00 to $244.00 and set a “neutral” rating for the company in a research report on Tuesday, August 13th. Twelve research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $248.65.

Marriott International Trading Up 0.6 %

Shares of Marriott International stock opened at $256.58 on Wednesday. Marriott International, Inc. has a 12 month low of $180.75 and a 12 month high of $260.57. The company has a market capitalization of $73.28 billion, a PE ratio of 26.48, a PEG ratio of 5.68 and a beta of 1.59. The stock’s fifty day simple moving average is $231.29 and its 200 day simple moving average is $237.70.

Marriott International (NASDAQ:MAR) last released 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 for the quarter, compared to analyst estimates of $6.47 billion. During the same quarter last year, the firm posted $2.26 earnings per share. Marriott International’s revenue was up 6.0% compared to the same quarter last year. Analysts predict that Marriott International, Inc. will post 9.37 EPS for the current fiscal year.

Marriott International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 16th were issued a dividend of $0.63 per share. The ex-dividend date was Friday, August 16th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.98%. 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.