Marriott International, Inc. (NASDAQ:MAR) Shares Bought by MBB Public Markets I LLC

MBB Public Markets I LLC grew its position in Marriott International, Inc. (NASDAQ:MAR) by 1,785.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,103 shares of the company’s stock after purchasing an additional 16,196 shares during the period. MBB Public Markets I LLC’s holdings in Marriott International were worth $4,135,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of MAR. Bangor Savings Bank raised its position in Marriott International by 131.1% during the 2nd quarter. Bangor Savings Bank now owns 104 shares of the company’s stock worth $25,000 after buying an additional 59 shares during the last quarter. Roble Belko & Company Inc increased its stake in shares of Marriott International by 845.5% in the first quarter. Roble Belko & Company Inc now owns 104 shares of the company’s stock worth $26,000 after acquiring an additional 93 shares during the period. Hantz Financial Services Inc. purchased a new position in shares of Marriott International during the second quarter worth $26,000. MFA Wealth Advisors LLC acquired a new position in Marriott International during the second quarter valued at $28,000. Finally, Benjamin Edwards Inc. acquired a new stake in Marriott International during the 1st quarter worth about $29,000. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Marriott International Price Performance

NASDAQ MAR opened at $253.04 on Friday. The stock’s 50 day simple moving average is $229.82 and its 200-day simple moving average is $237.86. The company has a market cap of $71.24 billion, a PE ratio of 26.11, a price-to-earnings-growth ratio of 5.68 and a beta of 1.59. Marriott International, Inc. has a 1-year low of $180.75 and a 1-year high of $260.57.

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

Marriott International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 16th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date is Friday, August 16th. Marriott International’s dividend payout ratio (DPR) is 26.01%.

Analysts Set New Price Targets

MAR has been the subject of several analyst reports. Macquarie reissued a “neutral” rating and issued a $245.00 price objective on shares of Marriott International in a report on Friday, August 2nd. Morgan Stanley decreased their price target on Marriott International from $268.00 to $250.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. Wells Fargo & Company dropped their price objective on shares of Marriott International from $248.00 to $238.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 1st. Truist Financial decreased 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. Finally, UBS Group dropped their price target on shares of Marriott International from $267.00 to $244.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 13th. Thirteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Marriott International currently has a consensus rating of “Hold” and a consensus price target of $248.65.

About Marriott International

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.