Marriott International, Inc. (NASDAQ:MAR) Shares Sold by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. lowered its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 1.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,148 shares of the company’s stock after selling 99 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Marriott International were worth $1,245,000 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 position in Marriott International by 131.1% during the 2nd quarter. Bangor Savings Bank now owns 104 shares of the company’s stock worth $25,000 after buying an additional 59 shares during the last quarter. Roble Belko & Company Inc lifted its position in Marriott International by 845.5% in 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 period. Hantz Financial Services Inc. purchased a new stake in Marriott International in the 2nd quarter valued at approximately $26,000. MFA Wealth Advisors LLC purchased a new position in shares of Marriott International during the 2nd quarter worth approximately $28,000. Finally, Benjamin Edwards Inc. purchased a new position in Marriott International in the first quarter worth $29,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on MAR. The Goldman Sachs Group started 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. Macquarie restated a “neutral” rating and issued a $245.00 price target on shares of Marriott International in a research report on Friday, August 2nd. Susquehanna started coverage on shares of Marriott International in a research note on Friday, June 21st. They issued a “neutral” rating and a $255.00 price objective on the stock. Truist Financial cut their target price 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. Finally, Sanford C. Bernstein raised shares of Marriott International from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $247.00 to $262.00 in a research note on Thursday, August 29th. Thirteen analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Marriott International currently has a consensus rating of “Hold” and a consensus target price of $248.65.

Marriott International Trading Down 1.1 %

Marriott International stock opened at $241.67 on Tuesday. The stock has a fifty day moving average price of $229.70 and a 200 day moving average price of $237.71. 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 $69.03 billion, a P/E ratio of 24.94, a PEG ratio of 5.34 and a beta of 1.59.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $2.50 earnings per share for the quarter, topping 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 analyst estimates of $6.47 billion. During the same period in the prior year, the firm posted $2.26 EPS. The company’s revenue was up 6.0% on a year-over-year basis. As a group, equities analysts predict that Marriott International, Inc. will post 9.37 EPS for the current year.

Marriott International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 16th will be paid a dividend of $0.63 per share. The ex-dividend date is Friday, August 16th. This represents a $2.52 annualized dividend and a yield of 1.04%. Marriott International’s dividend 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.