Xponance Inc. Sells 22,679 Shares of Marriott International, Inc. (NASDAQ:MAR)

Xponance Inc. trimmed its holdings in Marriott International, Inc. (NASDAQ:MAR) by 37.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,441 shares of the company’s stock after selling 22,679 shares during the quarter. Xponance Inc.’s holdings in Marriott International were worth $9,052,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bangor Savings Bank increased its position in shares of Marriott International by 131.1% in the 2nd quarter. Bangor Savings Bank now owns 104 shares of the company’s stock valued at $25,000 after buying an additional 59 shares in the last quarter. Roble Belko & Company Inc raised its position in shares of Marriott International by 845.5% during the first 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. bought a new position in Marriott International in the second quarter valued at approximately $26,000. MFA Wealth Advisors LLC bought a new stake in shares of Marriott International in the second quarter worth $28,000. Finally, Benjamin Edwards Inc. acquired a new stake in Marriott International in the first quarter valued at $29,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MAR. Truist Financial cut their price objective on Marriott International from $263.00 to $254.00 and set a “hold” rating for the company in a research report on Tuesday, August 6th. Macquarie restated a “neutral” rating and issued a $245.00 target price on shares of Marriott International in a research report on Friday, August 2nd. Wells Fargo & Company decreased their price objective on shares of Marriott International from $248.00 to $238.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 1st. UBS Group reduced their target price on Marriott International from $267.00 to $244.00 and set a “neutral” rating on the stock in a report on Tuesday, August 13th. Finally, Sanford C. Bernstein raised 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 report on Thursday, August 29th. Thirteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $248.65.

Marriott International Stock Down 1.1 %

MAR stock opened at $241.67 on Tuesday. The company’s fifty day simple moving average is $229.70 and its 200 day simple moving average is $237.71. Marriott International, Inc. has a 12-month low of $180.75 and a 12-month high of $260.57. The firm has a market cap of $69.03 billion, a price-to-earnings ratio of 24.94, a PEG ratio of 5.34 and a beta of 1.59.

Marriott International (NASDAQ:MAR) last issued its earnings results on Wednesday, July 31st. The company reported $2.50 earnings per share 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 business had revenue of $6.44 billion during the quarter, compared to the consensus estimate of $6.47 billion. During the same period in the previous year, the company posted $2.26 earnings per share. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. Research analysts expect that Marriott International, Inc. will post 9.37 earnings per share for the current year.

Marriott International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 16th will be given a $0.63 dividend. 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 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.