Marriott International, Inc. (NASDAQ:MAR) Shares Acquired by Holderness Investments Co.

Holderness Investments Co. grew its position in Marriott International, Inc. (NASDAQ:MAR) by 3.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,592 shares of the company’s stock after purchasing an additional 109 shares during the period. Holderness Investments Co.’s holdings in Marriott International were worth $868,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. BDF Gestion acquired a new stake in Marriott International in the second quarter worth about $3,013,000. Parnassus Investments LLC boosted its holdings in shares of Marriott International by 0.3% in the fourth quarter. Parnassus Investments LLC now owns 2,457,382 shares of the company’s stock valued at $554,164,000 after acquiring an additional 7,135 shares in the last quarter. Redwood Investment Management LLC increased its stake in shares of Marriott International by 208.3% during the fourth quarter. Redwood Investment Management LLC now owns 26,927 shares of the company’s stock valued at $6,072,000 after acquiring an additional 18,192 shares during the period. CWM LLC raised its holdings in Marriott International by 518.7% during the second quarter. CWM LLC now owns 47,519 shares of the company’s stock worth $11,489,000 after purchasing an additional 39,839 shares in the last quarter. Finally, Stifel Financial Corp boosted its stake in Marriott International by 3.5% during the 4th quarter. Stifel Financial Corp now owns 124,569 shares of the company’s stock valued at $28,092,000 after purchasing an additional 4,247 shares in the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MAR. JPMorgan Chase & Co. upped their price objective on Marriott International from $235.00 to $255.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Marriott International from $222.00 to $216.00 and set a “hold” rating for the company in a research report on Thursday, August 1st. UBS Group dropped their target price on shares of Marriott International from $267.00 to $244.00 and set a “neutral” rating on the stock in a report on Tuesday, August 13th. Truist Financial decreased 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 report on Tuesday, August 6th. Finally, The Goldman Sachs Group assumed coverage on Marriott International in a research report on Wednesday. They set a “buy” rating and a $267.00 price objective for the company. Thirteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $248.65.

Marriott International Price Performance

NASDAQ MAR opened at $244.39 on Friday. The company has a 50 day simple moving average of $229.80 and a 200-day simple moving average of $237.81. Marriott International, Inc. has a 52-week low of $180.75 and a 52-week high of $260.57. The firm has a market capitalization of $69.80 billion, a price-to-earnings ratio of 25.22, a price-to-earnings-growth ratio of 5.34 and a beta of 1.59.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $2.50 EPS for the quarter, beating the consensus estimate of $2.49 by $0.01. Marriott International had a net margin of 12.01% and a negative return on equity of 239.60%. 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 company posted $2.26 EPS. Marriott International’s revenue was up 6.0% on a year-over-year basis. On average, analysts predict that Marriott International, Inc. will post 9.37 EPS for the current year.

Marriott International Dividend Announcement

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