Exchange Traded Concepts LLC Buys 542 Shares of Marriott International, Inc. (NASDAQ:MAR)

Exchange Traded Concepts LLC increased its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 126.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 972 shares of the company’s stock after acquiring an additional 542 shares during the period. Exchange Traded Concepts LLC’s holdings in Marriott International were worth $242,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. 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 during the period. Hantz Financial Services Inc. bought a new position in shares of Marriott International in the second quarter valued at about $26,000. MFA Wealth Advisors LLC acquired a new stake in shares of Marriott International during the 2nd quarter worth about $28,000. Annapolis Financial Services LLC acquired a new position in Marriott International in the 1st quarter valued at about $34,000. Finally, Unique Wealth Strategies LLC bought a new position in Marriott International in the 2nd quarter valued at about $35,000. Institutional investors own 70.70% of the company’s stock.

Wall Street Analysts Forecast Growth

MAR has been the subject of a number of research analyst reports. Morgan Stanley decreased their target price on Marriott International from $268.00 to $250.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. Truist Financial lowered their price objective on Marriott International from $263.00 to $254.00 and set a “hold” rating on the stock in a research report on Tuesday, August 6th. Sanford C. Bernstein raised shares of Marriott International from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $247.00 to $262.00 in a research report on Thursday, August 29th. UBS Group lowered their price target on shares of Marriott International from $267.00 to $244.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 13th. Finally, Robert W. Baird set a $258.00 target price on shares of Marriott International in a research report on Thursday. Twelve analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $249.41.

Marriott International Stock Performance

Shares of MAR stock opened at $265.60 on Monday. The stock’s fifty day moving average price is $238.95 and its two-hundred day moving average price is $238.33. The company has a market cap of $75.86 billion, a PE ratio of 27.41, a P/E/G ratio of 6.15 and a beta of 1.59. Marriott International, Inc. has a fifty-two week low of $180.75 and a fifty-two week high of $266.58.

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

Marriott International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, August 16th were paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend was 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.