Marietta Wealth Management LLC Buys 985 Shares of Marriott International, Inc. (NASDAQ:MAR)

Marietta Wealth Management LLC raised its stake in Marriott International, Inc. (NASDAQ:MAR) by 5.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,874 shares of the company’s stock after purchasing an additional 985 shares during the period. Marietta Wealth Management LLC’s holdings in Marriott International were worth $4,692,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in MAR. Bangor Savings Bank raised its stake in shares of 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 purchasing an additional 59 shares in the last quarter. Hantz Financial Services Inc. acquired a new position in shares of Marriott International in the 2nd quarter valued at $26,000. MFA Wealth Advisors LLC bought a new position in shares of Marriott International during the 2nd quarter worth about $28,000. Annapolis Financial Services LLC acquired a new stake in shares of Marriott International during the 1st quarter valued at about $34,000. Finally, Unique Wealth Strategies LLC bought a new stake in Marriott International in the second quarter valued at about $35,000. Institutional investors own 70.70% of the company’s stock.

Marriott International Stock Up 0.2 %

MAR stock opened at $265.50 on Wednesday. The business has a fifty day moving average of $240.93 and a 200-day moving average of $238.52. The company has a market cap of $75.83 billion, a P/E ratio of 27.40, a PEG ratio of 6.15 and a beta of 1.59. Marriott International, Inc. has a twelve month low of $180.75 and a twelve month high of $266.58.

Marriott International (NASDAQ:MAR) last released its earnings results on Wednesday, July 31st. The company reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.49 by $0.01. Marriott International had a net margin of 12.01% and a negative return on equity of 239.60%. The company had revenue of $6.44 billion for the quarter, compared to the consensus estimate of $6.47 billion. During the same period in the prior year, the company posted $2.26 EPS. The company’s revenue was up 6.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Marriott International, Inc. will post 9.37 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, August 16th were given a dividend of $0.63 per share. This represents a $2.52 annualized dividend 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%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on MAR shares. JPMorgan Chase & Co. lifted their price objective on Marriott International from $235.00 to $255.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Wells Fargo & Company boosted their price target on Marriott International from $238.00 to $261.00 and gave the company an “equal weight” rating in a research note on Tuesday. Robert W. Baird set a $258.00 price objective on Marriott International in a research note on Thursday, October 17th. The Goldman Sachs Group started coverage on shares of Marriott International in a research note on Wednesday, September 18th. They issued a “buy” rating and a $267.00 target price on the stock. Finally, Evercore ISI upped their target price on shares of Marriott International from $245.00 to $270.00 and gave the stock an “in-line” rating in a report on Monday. Thirteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $255.16.

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.