Marriott International, Inc. (NASDAQ:MAR) Shares Sold by Global Retirement Partners LLC

Global Retirement Partners LLC lessened its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 22.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,900 shares of the company’s stock after selling 548 shares during the quarter. Global Retirement Partners LLC’s holdings in Marriott International were worth $472,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. SPC Financial Inc. lifted its stake in shares of Marriott International by 72.6% during the 3rd quarter. SPC Financial Inc. now owns 15,455 shares of the company’s stock worth $3,842,000 after purchasing an additional 6,503 shares during the period. Fulton Breakefield Broenniman LLC lifted its stake in shares of Marriott International by 15.9% during the 3rd quarter. Fulton Breakefield Broenniman LLC now owns 8,461 shares of the company’s stock worth $2,103,000 after purchasing an additional 1,163 shares during the period. Sumitomo Life Insurance Co. lifted its stake in shares of Marriott International by 2.6% during the 3rd quarter. Sumitomo Life Insurance Co. now owns 6,681 shares of the company’s stock worth $1,661,000 after purchasing an additional 172 shares during the period. Safeguard Financial LLC purchased a new position in shares of Marriott International in the 3rd quarter worth $204,000. Finally, Jamison Private Wealth Management Inc. raised its position in shares of Marriott International by 10.2% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 5,612 shares of the company’s stock worth $1,395,000 after buying an additional 520 shares during the period. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Marriott International Stock Performance

NASDAQ:MAR opened at $264.97 on Tuesday. The company has a market capitalization of $75.68 billion, a price-to-earnings ratio of 27.34, a price-to-earnings-growth ratio of 6.15 and a beta of 1.59. Marriott International, Inc. has a one year low of $180.75 and a one year high of $266.58. The stock has a 50-day simple moving average of $239.95 and a 200 day simple moving average of $238.44.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.49 by $0.01. The business had revenue of $6.44 billion during 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 last year, the firm earned $2.26 earnings per share. On average, equities research analysts forecast 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. Investors of record on Friday, August 16th were paid a $0.63 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.52 dividend on an annualized basis and a yield of 0.95%. Marriott International’s dividend payout ratio (DPR) is 26.01%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on MAR shares. Wells Fargo & Company cut their target price on Marriott International from $248.00 to $238.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 1st. Truist Financial cut their target price 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. JPMorgan Chase & Co. increased their target price on Marriott International from $235.00 to $255.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. The Goldman Sachs Group began coverage on Marriott International in a report on Wednesday, September 18th. They issued a “buy” rating and a $267.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Marriott International from $222.00 to $216.00 and set a “hold” rating for the company in a report on Thursday, August 1st. Thirteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $253.16.

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.