TIAA Trust National Association Sells 119 Shares of Marriott International, Inc. (NASDAQ:MAR)

TIAA Trust National Association trimmed its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 1.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 6,483 shares of the company’s stock after selling 119 shares during the period. TIAA Trust National Association’s holdings in Marriott International were worth $1,567,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in MAR. Chilton Capital Management LLC purchased a new stake in shares of Marriott International during the second quarter valued at approximately $39,000. Stiles Financial Services Inc raised its stake in shares of Marriott International by 4.3% in the second quarter. Stiles Financial Services Inc now owns 2,644 shares of the company’s stock worth $639,000 after purchasing an additional 110 shares during the last quarter. Mechanics Financial Corp lifted its holdings in shares of Marriott International by 2.1% during the second quarter. Mechanics Financial Corp now owns 4,942 shares of the company’s stock valued at $1,195,000 after purchasing an additional 100 shares in the last quarter. United Asset Strategies Inc. boosted its position in shares of Marriott International by 2.2% during the second quarter. United Asset Strategies Inc. now owns 6,537 shares of the company’s stock valued at $1,580,000 after buying an additional 139 shares during the last quarter. Finally, Telos Capital Management Inc. purchased a new position in Marriott International in the 2nd quarter worth about $237,000. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on MAR shares. UBS Group reduced their price target on shares of Marriott International from $267.00 to $244.00 and set a “neutral” rating for the company in a research note on Tuesday, August 13th. Wells Fargo & Company cut their target price on shares of Marriott International from $248.00 to $238.00 and set an “equal weight” rating for the company in a research report on Thursday, August 1st. Truist Financial lowered their price target on Marriott International from $263.00 to $254.00 and set a “hold” rating on the stock in a report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft reduced their price objective on Marriott International from $222.00 to $216.00 and set a “hold” rating for the company in a research report on Thursday, August 1st. Finally, Sanford C. Bernstein raised Marriott International from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $247.00 to $262.00 in a research report on Thursday, August 29th. Thirteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $244.44.

Marriott International Stock Down 0.5 %

Shares of Marriott International stock opened at $229.46 on Thursday. Marriott International, Inc. has a 52 week low of $180.75 and a 52 week high of $260.57. The stock’s 50-day simple moving average is $231.62 and its 200-day simple moving average is $239.03. The company has a market capitalization of $64.60 billion, a price-to-earnings ratio of 23.68, a PEG ratio of 5.51 and a beta of 1.60.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data 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. The business had revenue of $6.44 billion during 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 company’s revenue was up 6.0% on a year-over-year basis. During the same period last year, the firm posted $2.26 EPS. On average, equities analysts expect that Marriott International, Inc. will post 9.37 earnings per share for the current year.

Marriott International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 16th will be given a $0.63 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.10%. Marriott International’s dividend payout ratio is currently 26.01%.

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