Marriott International, Inc. (NASDAQ:MAR) Shares Purchased by Quarry LP

Quarry LP boosted its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 138.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 765 shares of the company’s stock after acquiring an additional 444 shares during the period. Quarry LP’s holdings in Marriott International were worth $185,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Bangor Savings Bank raised its stake in Marriott International by 131.1% in the second 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 increased its holdings in shares of Marriott International by 845.5% in the 1st quarter. Roble Belko & Company Inc now owns 104 shares of the company’s stock valued at $26,000 after acquiring an additional 93 shares during the last quarter. Hantz Financial Services Inc. purchased a new stake in Marriott International during the second quarter worth approximately $26,000. MFA Wealth Advisors LLC acquired a new position in Marriott International in the second quarter valued at approximately $28,000. Finally, Benjamin Edwards Inc. acquired a new stake in Marriott International during the first quarter worth approximately $29,000. 70.70% of the stock is owned by hedge funds and other institutional investors.

Marriott International Stock Down 1.8 %

Shares of NASDAQ:MAR opened at $248.60 on Tuesday. The company has a 50-day moving average price of $229.93 and a 200 day moving average price of $237.68. Marriott International, Inc. has a 52 week low of $180.75 and a 52 week high of $260.57. The company has a market cap of $71.01 billion, a P/E ratio of 25.66, a PEG ratio of 5.68 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 earnings per share for the quarter, beating analysts’ consensus estimates of $2.49 by $0.01. The firm had revenue of $6.44 billion for the quarter, compared to the consensus estimate of $6.47 billion. Marriott International had a negative return on equity of 239.60% and a net margin of 12.01%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.26 earnings per share. Analysts expect that Marriott International, Inc. will post 9.37 EPS for the current year.

Marriott International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 16th were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.01%. The ex-dividend date was Friday, August 16th. Marriott International’s dividend payout ratio (DPR) is 26.01%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Sanford C. Bernstein upgraded shares of Marriott International from a “market perform” rating to an “outperform” rating and upped their target price for the company from $247.00 to $262.00 in a report on Thursday, August 29th. Truist Financial reduced their target price on Marriott International from $263.00 to $254.00 and set a “hold” rating for the company in a report on Tuesday, August 6th. Wells Fargo & Company dropped their price target on 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. Barclays increased their price objective on Marriott International from $240.00 to $251.00 and gave the company an “equal weight” rating in a report on Wednesday, July 17th. Finally, Robert W. Baird cut their target price on shares of Marriott International from $252.00 to $245.00 and set a “neutral” rating on the stock in a report on Thursday, August 1st. Thirteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $248.65.

Marriott International Company 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.