Marriott International, Inc. (NASDAQ:MAR) Shares Sold by Marcum Wealth LLC

Marcum Wealth LLC reduced its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 5.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,588 shares of the company’s stock after selling 144 shares during the period. Marcum Wealth LLC’s holdings in Marriott International were worth $626,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Ballentine Partners LLC lifted its holdings in Marriott International by 4.4% in the fourth quarter. Ballentine Partners LLC now owns 4,420 shares of the company’s stock valued at $997,000 after acquiring an additional 187 shares during the last quarter. Advisory Alpha LLC raised its position in Marriott International by 40.6% in the fourth quarter. Advisory Alpha LLC now owns 1,710 shares of the company’s stock valued at $386,000 after purchasing an additional 494 shares during the period. International Assets Investment Management LLC raised its position in Marriott International by 1,487.6% in the fourth quarter. International Assets Investment Management LLC now owns 345,246 shares of the company’s stock valued at $77,856,000 after purchasing an additional 323,500 shares during the period. Fulton Bank N.A. raised its position in Marriott International by 52.4% in the fourth quarter. Fulton Bank N.A. now owns 3,270 shares of the company’s stock valued at $737,000 after purchasing an additional 1,124 shares during the period. Finally, Prime Capital Investment Advisors LLC raised its position in Marriott International by 447.8% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 25,890 shares of the company’s stock valued at $5,839,000 after purchasing an additional 21,164 shares during the period. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on MAR. Susquehanna assumed coverage on Marriott International in a research report on Friday, June 21st. They set a “neutral” rating and a $255.00 price objective on the stock. JPMorgan Chase & Co. upped their price objective on shares of Marriott International from $235.00 to $255.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Robert W. Baird decreased their price objective on shares of Marriott International from $252.00 to $245.00 and set a “neutral” rating for the company in a research note on Thursday. Barclays upped their price objective on shares of Marriott International from $240.00 to $251.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 17th. Finally, Mizuho upped their price objective on shares of Marriott International from $260.00 to $265.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Fifteen investment 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.com, Marriott International currently has an average rating of “Hold” and a consensus price target of $241.42.

Marriott International Trading Down 1.1 %

Shares of MAR traded down $2.32 during mid-day trading on Monday, reaching $211.35. The company had a trading volume of 4,057,247 shares, compared to its average volume of 1,509,090. The stock has a market cap of $60.37 billion, a price-to-earnings ratio of 21.81, a price-to-earnings-growth ratio of 4.24 and a beta of 1.60. The firm has a fifty day simple moving average of $237.97 and a 200-day simple moving average of $242.00. Marriott International, Inc. has a fifty-two week low of $180.75 and a fifty-two week high of $260.57.

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, beating analysts’ consensus estimates of $2.49 by $0.01. The company had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6.47 billion. Marriott International had a net margin of 12.01% and a negative return on equity of 239.60%. Marriott International’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the business earned $2.26 EPS. As a group, equities analysts predict that Marriott International, Inc. will post 9.29 EPS for the current fiscal year.

Marriott International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 16th will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.19%. The ex-dividend date is Friday, August 16th. Marriott International’s dividend payout ratio (DPR) is 26.01%.

About Marriott International

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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.