Sargent Investment Group LLC Sells 2,008 Shares of Marriott International, Inc. (NASDAQ:MAR)

Sargent Investment Group LLC lessened its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 27.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,250 shares of the company’s stock after selling 2,008 shares during the period. Sargent Investment Group LLC’s holdings in Marriott International were worth $1,269,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Gryphon Financial Partners LLC raised its stake in Marriott International by 321.7% in the 4th quarter. Gryphon Financial Partners LLC now owns 5,857 shares of the company’s stock worth $1,321,000 after purchasing an additional 4,468 shares in the last quarter. Jump Financial LLC acquired a new position in Marriott International in the 4th quarter valued at $353,000. Independent Advisor Alliance lifted its position in shares of Marriott International by 2.1% during the 4th quarter. Independent Advisor Alliance now owns 6,231 shares of the company’s stock valued at $1,405,000 after acquiring an additional 129 shares during the period. AMG National Trust Bank increased its position in shares of Marriott International by 983.3% in the fourth quarter. AMG National Trust Bank now owns 3,315 shares of the company’s stock worth $748,000 after purchasing an additional 3,009 shares during the period. Finally, Norges Bank bought a new stake in shares of Marriott International during the 4th quarter worth approximately $461,525,000. Institutional investors own 70.70% of the company’s stock.

Marriott International Price Performance

MAR stock opened at $232.46 on Tuesday. The stock has a market capitalization of $66.40 billion, a PE ratio of 23.99, a price-to-earnings-growth ratio of 5.34 and a beta of 1.59. Marriott International, Inc. has a 1 year low of $180.75 and a 1 year high of $260.57. The company’s 50-day moving average is $229.78 and its 200-day moving average is $237.95.

Marriott International (NASDAQ:MAR) last posted its earnings results on Wednesday, July 31st. The company reported $2.50 earnings per share for the quarter, topping 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%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.26 EPS. On average, analysts anticipate that Marriott International, Inc. will post 9.37 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 16th will be paid a $0.63 dividend. The ex-dividend date is Friday, August 16th. This represents a $2.52 annualized dividend and a dividend yield of 1.08%. Marriott International’s payout ratio is 26.01%.

Analyst Ratings Changes

MAR has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft decreased their target price on Marriott International from $222.00 to $216.00 and set a “hold” rating on the stock in a research report on Thursday, August 1st. UBS Group lowered their target price on Marriott International from $267.00 to $244.00 and set a “neutral” rating for the company in a report on Tuesday, August 13th. Macquarie reiterated a “neutral” rating and issued a $245.00 price objective on shares of Marriott International in a report on Friday, August 2nd. Sanford C. Bernstein raised shares of Marriott International from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $247.00 to $262.00 in a report on Thursday, August 29th. Finally, Truist Financial dropped their price target on shares of Marriott International from $263.00 to $254.00 and set a “hold” rating for the company in a research note on Tuesday, August 6th. Thirteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Marriott International currently has a consensus rating of “Hold” and an average price target of $246.18.

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, City Express by Marriott, and St.