Marriott International, Inc. (NASDAQ:MAR) Holdings Trimmed by STAR Financial Bank

STAR Financial Bank lowered its position in shares of Marriott International, Inc. (NASDAQ:MARFree Report) by 4.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,625 shares of the company’s stock after selling 125 shares during the quarter. STAR Financial Bank’s holdings in Marriott International were worth $662,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Roble Belko & Company Inc grew its stake in shares of Marriott International by 845.5% in the 1st quarter. Roble Belko & Company Inc now owns 104 shares of the company’s stock valued at $26,000 after buying an additional 93 shares in the last quarter. ORG Partners LLC lifted its holdings in shares of Marriott International by 72.6% during the fourth quarter. ORG Partners LLC now owns 126 shares of the company’s stock worth $29,000 after buying an additional 53 shares during the last quarter. Benjamin Edwards Inc. acquired a new position in shares of Marriott International during the first quarter worth approximately $29,000. Keener Financial Planning LLC acquired a new position in shares of Marriott International in the fourth quarter valued at $30,000. Finally, Anchor Investment Management LLC acquired a new position in shares of Marriott International in the fourth quarter valued at $31,000. Institutional investors own 70.70% of the company’s stock.

Marriott International Trading Up 2.1 %

Shares of NASDAQ MAR traded up $5.00 during mid-day trading on Wednesday, reaching $242.52. 1,375,997 shares of the company’s stock were exchanged, compared to its average volume of 1,450,727. The firm has a market capitalization of $69.27 billion, a price-to-earnings ratio of 25.03, a PEG ratio of 4.52 and a beta of 1.60. The business has a fifty day simple moving average of $237.54 and a 200 day simple moving average of $240.28. Marriott International, Inc. has a twelve month low of $180.75 and a twelve month high of $260.57.

Marriott International (NASDAQ:MARGet Free Report) last announced its earnings results on Wednesday, May 1st. The company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). Marriott International had a net margin of 12.00% and a negative return on equity of 376.88%. The firm had revenue of $5.98 billion during the quarter, compared to analyst estimates of $5.95 billion. During the same period in the prior year, the business posted $2.09 EPS. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. Equities research analysts predict that Marriott International, Inc. will post 9.55 earnings per share for the current fiscal year.

Marriott International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, May 24th were paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.04%. This is an increase from Marriott International’s previous quarterly dividend of $0.52. The ex-dividend date was Thursday, May 23rd. Marriott International’s dividend payout ratio (DPR) is currently 26.01%.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Susquehanna assumed coverage on Marriott International in a research note on Friday, June 21st. They set a “neutral” rating and a $255.00 price objective for the company. Mizuho increased their target price on Marriott International from $260.00 to $265.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. Barclays increased their target price on Marriott International from $239.00 to $240.00 and gave the stock an “equal weight” rating in a report on Friday, April 19th. Wells Fargo & Company decreased their target price on Marriott International from $250.00 to $248.00 and set an “equal weight” rating on the stock in a report on Thursday, May 2nd. Finally, Argus increased their target price on Marriott International from $270.00 to $280.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. Twelve analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Marriott International has an average rating of “Hold” and an average price target of $242.19.

View Our Latest Stock Analysis on MAR

About Marriott International

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Marriott International (NASDAQ:MAR)

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