Thrivent Financial for Lutherans Has $3.21 Million Position in Marriott International, Inc. (NASDAQ:MAR)

Thrivent Financial for Lutherans trimmed its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 1.5% in the second quarter, according to its most recent filing with the SEC. The firm owned 13,267 shares of the company’s stock after selling 204 shares during the period. Thrivent Financial for Lutherans’ holdings in Marriott International were worth $3,207,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. JPMorgan Chase & Co. increased its position in shares of Marriott International by 1.8% during the 1st quarter. JPMorgan Chase & Co. now owns 10,616,899 shares of the company’s stock worth $2,678,750,000 after purchasing an additional 192,652 shares in the last quarter. Capital International Investors raised its stake in shares of Marriott International by 4.7% in the first quarter. Capital International Investors now owns 3,296,879 shares of the company’s stock valued at $831,836,000 after acquiring an additional 149,378 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Marriott International by 5.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 679,757 shares of the company’s stock worth $164,355,000 after acquiring an additional 33,149 shares in the last quarter. Harbor Investment Advisory LLC increased its holdings in Marriott International by 11.9% during the 1st quarter. Harbor Investment Advisory LLC now owns 635,202 shares of the company’s stock valued at $160,268,000 after purchasing an additional 67,659 shares in the last quarter. Finally, First Pacific Advisors LP raised its position in Marriott International by 2.1% in the 2nd quarter. First Pacific Advisors LP now owns 613,205 shares of the company’s stock valued at $148,255,000 after purchasing an additional 12,499 shares during the last quarter. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Marriott International Price Performance

Shares of MAR stock opened at $253.04 on Monday. The stock has a 50-day moving average of $229.82 and a 200-day moving average of $237.68. Marriott International, Inc. has a one year low of $180.75 and a one year high of $260.57. The stock has a market cap of $72.27 billion, a PE ratio of 26.11, a price-to-earnings-growth ratio of 5.68 and a beta of 1.59.

Marriott International (NASDAQ:MAR) last posted its earnings results 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 company had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6.47 billion. During the same period last year, the business posted $2.26 earnings per share. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, research analysts anticipate that Marriott International, Inc. will post 9.37 earnings per share for the current year.

Marriott International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 16th will be issued a $0.63 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.52 annualized dividend and a dividend yield of 1.00%. Marriott International’s dividend payout ratio (DPR) is currently 26.01%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on MAR. Susquehanna initiated coverage on Marriott International in a research note on Friday, June 21st. They issued a “neutral” rating and a $255.00 target price for the company. The Goldman Sachs Group initiated coverage on shares of Marriott International in a research report on Wednesday, September 18th. They issued a “buy” rating and a $267.00 price objective for the company. Wells Fargo & Company decreased their price target 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. Morgan Stanley dropped their price objective on shares of Marriott International from $268.00 to $250.00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. Finally, UBS Group decreased their price objective on Marriott International from $267.00 to $244.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 13th. Thirteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $248.65.

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.