Evermay Wealth Management LLC Increases Stock Position in Marriott International, Inc. (NASDAQ:MAR)

Evermay Wealth Management LLC boosted its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 5.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 3,377 shares of the company’s stock after purchasing an additional 171 shares during the quarter. Evermay Wealth Management LLC’s holdings in Marriott International were worth $840,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bangor Savings Bank raised its position in Marriott International by 131.1% during the second quarter. Bangor Savings Bank now owns 104 shares of the company’s stock worth $25,000 after acquiring an additional 59 shares during the last quarter. Hantz Financial Services Inc. acquired a new stake in Marriott International in the 2nd quarter worth about $26,000. MFA Wealth Advisors LLC purchased a new stake in Marriott International in the second quarter valued at approximately $28,000. Unique Wealth Strategies LLC acquired a new stake in shares of Marriott International during the 2nd quarter worth $35,000. Finally, Cyrus J. Lawrence LLC acquired a new stake in Marriott International during the second quarter worth about $36,000. 70.70% of the stock is owned by institutional investors and hedge funds.

Marriott International Stock Up 0.1 %

Shares of NASDAQ:MAR traded up $0.24 during midday trading on Wednesday, reaching $264.13. 114,200 shares of the company were exchanged, compared to its average volume of 1,463,361. Marriott International, Inc. has a fifty-two week low of $180.75 and a fifty-two week high of $266.58. The stock has a fifty day simple moving average of $244.92 and a two-hundred day simple moving average of $238.76. The firm has a market cap of $74.36 billion, a PE ratio of 26.39, a P/E/G ratio of 6.36 and a beta of 1.59.

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

Marriott International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, August 16th were paid a $0.63 dividend. The ex-dividend date was Friday, August 16th. This represents a $2.52 annualized dividend and a dividend yield of 0.95%. Marriott International’s payout ratio is 25.20%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. BMO Capital Markets increased their price target on Marriott International from $240.00 to $255.00 and gave the company a “market perform” rating in a report on Tuesday, October 22nd. Barclays boosted their target price on shares of Marriott International from $240.00 to $251.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 17th. Truist Financial cut their price objective on shares of Marriott International from $263.00 to $254.00 and set a “hold” rating on the stock in a report on Tuesday, August 6th. Robert W. Baird set a $258.00 target price on Marriott International in a research note on Thursday, October 17th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective 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 equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $256.39.

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.