Marriott International, Inc. (NASDAQ:MAR) Holdings Raised by Summit Trail Advisors LLC

Summit Trail Advisors LLC boosted its holdings in Marriott International, Inc. (NASDAQ:MAR) by 142.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,632 shares of the company’s stock after purchasing an additional 2,720 shares during the quarter. Summit Trail Advisors LLC’s holdings in Marriott International were worth $1,120,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Bangor Savings Bank raised its stake 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 acquiring an additional 59 shares during the period. Roble Belko & Company Inc raised its position in shares of Marriott International by 845.5% during 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 during the period. Hantz Financial Services Inc. acquired a new position in Marriott International during the 2nd quarter valued at approximately $26,000. MFA Wealth Advisors LLC bought a new position in Marriott International during the 2nd quarter worth $28,000. Finally, Benjamin Edwards Inc. bought a new stake in Marriott International in the first quarter valued at $29,000. Institutional investors own 70.70% of the company’s stock.

Marriott International Price Performance

MAR stock opened at $244.39 on Friday. The firm has a market capitalization of $69.80 billion, a P/E ratio of 25.22, a P/E/G ratio of 5.34 and a beta of 1.59. Marriott International, Inc. has a 52-week low of $180.75 and a 52-week high of $260.57. The company’s 50 day simple moving average is $229.80 and its 200-day simple moving average is $237.81.

Marriott International (NASDAQ:MAR) last released its earnings results 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 company had revenue of $6.44 billion during the quarter, compared to analyst estimates of $6.47 billion. During the same quarter in the prior year, the company earned $2.26 earnings per share. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. Sell-side analysts predict that Marriott International, Inc. will post 9.37 EPS for the current fiscal year.

Marriott International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 16th will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend is Friday, August 16th. Marriott International’s dividend payout ratio is currently 26.01%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on MAR shares. Macquarie reaffirmed a “neutral” rating and issued a $245.00 price objective on shares of Marriott International in a report on Friday, August 2nd. JPMorgan Chase & Co. boosted their price objective on Marriott International from $235.00 to $255.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. Wells Fargo & Company lowered their target price on Marriott International from $248.00 to $238.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 1st. Sanford C. Bernstein upgraded Marriott International from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $247.00 to $262.00 in a research report on Thursday, August 29th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Marriott International from $222.00 to $216.00 and set a “hold” rating on the stock in a research note on Thursday, August 1st. Thirteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price 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.