Perkins Coie Trust Co Acquires 118 Shares of Marriott International, Inc. (NASDAQ:MAR)

Perkins Coie Trust Co raised its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 1.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,190 shares of the company’s stock after purchasing an additional 118 shares during the period. Perkins Coie Trust Co’s holdings in Marriott International were worth $2,285,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rockland Trust Co. raised its position in shares of Marriott International by 2.3% in the 2nd quarter. Rockland Trust Co. now owns 1,802 shares of the company’s stock worth $436,000 after acquiring an additional 41 shares in the last quarter. Moody National Bank Trust Division grew its stake in shares of Marriott International by 1.2% in the 1st quarter. Moody National Bank Trust Division now owns 3,673 shares of the company’s stock worth $927,000 after buying an additional 42 shares during the last quarter. Kathmere Capital Management LLC grew its stake in shares of Marriott International by 1.2% in the 1st quarter. Kathmere Capital Management LLC now owns 3,599 shares of the company’s stock worth $908,000 after buying an additional 42 shares during the last quarter. Park Avenue Securities LLC increased its holdings in shares of Marriott International by 1.4% in the 2nd quarter. Park Avenue Securities LLC now owns 3,298 shares of the company’s stock worth $797,000 after purchasing an additional 46 shares in the last quarter. Finally, SeaCrest Wealth Management LLC increased its holdings in shares of Marriott International by 1.5% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 3,075 shares of the company’s stock worth $743,000 after purchasing an additional 46 shares in the last quarter. Institutional investors own 70.70% of the company’s stock.

Marriott International Stock Performance

Shares of NASDAQ MAR traded up $1.97 during mid-day trading on Wednesday, hitting $258.55. The stock had a trading volume of 34,221 shares, compared to its average volume of 1,488,200. The company has a 50 day moving average of $231.64 and a two-hundred day moving average of $237.71. Marriott International, Inc. has a twelve month low of $180.75 and a twelve month high of $260.57. The firm has a market cap of $73.85 billion, a PE ratio of 26.48, a PEG ratio of 5.68 and a beta of 1.59.

Marriott International (NASDAQ:MAR) last announced its quarterly 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 negative return on equity of 239.60% and a net margin of 12.01%. The company had revenue of $6.44 billion for the quarter, compared to the consensus estimate of $6.47 billion. During the same period last year, the firm earned $2.26 EPS. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. Equities research analysts predict that Marriott International, Inc. will post 9.37 EPS for the current fiscal year.

Marriott International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, August 16th were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend was Friday, August 16th. Marriott International’s dividend payout ratio (DPR) is presently 26.01%.

Analyst Ratings Changes

MAR has been the subject of a number of research analyst reports. 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. JPMorgan Chase & Co. lifted their target price on Marriott International from $235.00 to $255.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. Macquarie reiterated a “neutral” rating and set a $245.00 target price on shares of Marriott International in a research report on Friday, August 2nd. Barclays lifted their target price on Marriott International from $240.00 to $251.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 17th. Finally, Sanford C. Bernstein upgraded Marriott International from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $247.00 to $262.00 in a research report on Thursday, August 29th. Twelve analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Marriott International currently 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.