Federated Hermes Inc. Sells 199 Shares of Marriott International, Inc. (NASDAQ:MAR)

Federated Hermes Inc. cut its holdings in Marriott International, Inc. (NASDAQ:MAR) by 11.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,613 shares of the company’s stock after selling 199 shares during the period. Federated Hermes Inc.’s holdings in Marriott International were worth $390,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of MAR. Bangor Savings Bank increased its holdings in shares of 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 acquiring an additional 59 shares during the last quarter. Roble Belko & Company Inc grew its holdings in Marriott International by 845.5% during the first quarter. Roble Belko & Company Inc now owns 104 shares of the company’s stock valued at $26,000 after purchasing an additional 93 shares during the last quarter. Hantz Financial Services Inc. bought a new position in shares of Marriott International in the second quarter valued at approximately $26,000. MFA Wealth Advisors LLC bought a new stake in shares of Marriott International during the 2nd quarter worth $28,000. Finally, Benjamin Edwards Inc. acquired a new position in Marriott International in the 1st quarter valued at $29,000. 70.70% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Macquarie restated a “neutral” rating and set a $245.00 price target on shares of Marriott International in a report on Friday, August 2nd. Sanford C. Bernstein raised Marriott International from a “market perform” rating to an “outperform” rating and raised their target price for the company from $247.00 to $262.00 in a report on Thursday, August 29th. Wells Fargo & Company reduced their price objective on Marriott International from $248.00 to $238.00 and set an “equal weight” rating for the company in a research report on Thursday, August 1st. Truist Financial dropped their target price 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, Barclays increased their price target on shares of Marriott International from $240.00 to $251.00 and gave the company an “equal weight” rating in a report on Wednesday, July 17th. Thirteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $248.65.

Marriott International Stock Down 1.1 %

Shares of Marriott International stock opened at $241.67 on Tuesday. The stock has a market capitalization of $69.03 billion, a P/E ratio of 24.94, a price-to-earnings-growth ratio of 5.34 and a beta of 1.59. Marriott International, Inc. has a 12-month low of $180.75 and a 12-month high of $260.57. The company has a 50-day simple moving average of $229.70 and a 200 day simple moving average of $237.71.

Marriott International (NASDAQ:MAR) last announced its earnings results 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 business had revenue of $6.44 billion for the quarter, compared to the consensus estimate of $6.47 billion. During the same period in the previous year, the business earned $2.26 EPS. Marriott International’s revenue was up 6.0% compared to the same quarter last year. On average, equities analysts anticipate that Marriott International, Inc. will post 9.37 earnings per share for the current year.

Marriott International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 16th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend is Friday, August 16th. Marriott International’s dividend payout ratio is currently 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.