Wedbush Securities Inc. Has $325,000 Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

Wedbush Securities Inc. cut its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 9.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,342 shares of the company’s stock after selling 145 shares during the quarter. Wedbush Securities Inc.’s holdings in Marriott International were worth $325,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in MAR. Rockland Trust Co. lifted its stake in Marriott International by 2.3% during the second quarter. Rockland Trust Co. now owns 1,802 shares of the company’s stock worth $436,000 after purchasing an additional 41 shares during the period. Manchester Capital Management LLC lifted its stake in Marriott International by 2.3% during the fourth quarter. Manchester Capital Management LLC now owns 1,841 shares of the company’s stock worth $415,000 after purchasing an additional 42 shares during the period. Moody National Bank Trust Division raised its stake in shares of Marriott International by 1.2% in the first quarter. Moody National Bank Trust Division now owns 3,673 shares of the company’s stock valued at $927,000 after acquiring an additional 42 shares during the last quarter. Kathmere Capital Management LLC raised its stake in shares of Marriott International by 1.2% in the first quarter. Kathmere Capital Management LLC now owns 3,599 shares of the company’s stock valued at $908,000 after acquiring an additional 42 shares during the last quarter. Finally, Park Avenue Securities LLC raised its stake in shares of Marriott International by 1.4% in the second quarter. Park Avenue Securities LLC now owns 3,298 shares of the company’s stock valued at $797,000 after acquiring an additional 46 shares during the last quarter. 70.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MAR has been the subject of a number of research analyst reports. Barclays lifted their target price on shares of Marriott International from $240.00 to $251.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 17th. Truist Financial cut their target price 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. Wells Fargo & Company lowered their price target on shares of Marriott International from $248.00 to $238.00 and set an “equal weight” rating for the company in a report on Thursday, August 1st. Sanford C. Bernstein raised shares of Marriott International from a “market perform” rating to an “outperform” rating and raised their price target for the company from $247.00 to $262.00 in a report on Thursday, August 29th. Finally, Susquehanna began coverage on shares of Marriott International in a report on Friday, June 21st. They issued a “neutral” rating and a $255.00 price target for the company. 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 currently has a consensus rating of “Hold” and an average target price of $246.18.

Marriott International Stock Up 0.5 %

Shares of MAR stock opened at $231.74 on Friday. Marriott International, Inc. has a 12-month low of $180.75 and a 12-month high of $260.57. The firm has a market capitalization of $66.19 billion, a price-to-earnings ratio of 23.92, a price-to-earnings-growth ratio of 5.34 and a beta of 1.59. The firm has a fifty day moving average of $229.93 and a 200-day moving average of $238.15.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $6.47 billion. During the same quarter in the previous year, the business earned $2.26 EPS. The firm’s revenue was up 6.0% on a year-over-year basis. Research analysts expect that Marriott International, Inc. will post 9.37 earnings per share for the current year.

Marriott International Announces Dividend

The business also recently disclosed 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 annualized dividend and a yield of 1.09%. Marriott International’s dividend payout ratio is currently 26.01%.

Marriott International 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.