Calamos Advisors LLC Cuts Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

Calamos Advisors LLC cut its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 13.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,109 shares of the company’s stock after selling 5,500 shares during the quarter. Calamos Advisors LLC’s holdings in Marriott International were worth $8,488,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. CWM LLC increased its position in shares of Marriott International by 4.5% during the 4th quarter. CWM LLC now owns 6,124 shares of the company’s stock valued at $1,381,000 after purchasing an additional 262 shares during the last quarter. GUNN & Co INVESTMENT MANAGEMENT INC. purchased a new stake in Marriott International in the fourth quarter worth about $564,000. Valmark Advisers Inc. grew its stake in shares of Marriott International by 5.2% in the 4th quarter. Valmark Advisers Inc. now owns 2,017 shares of the company’s stock worth $455,000 after buying an additional 100 shares during the last quarter. Bank OZK grew its stake in shares of Marriott International by 2.5% in the fourth quarter. Bank OZK now owns 5,527 shares of the company’s stock worth $1,246,000 after acquiring an additional 133 shares during the last quarter. Finally, Little House Capital LLC boosted its stake in Marriott International by 52.9% in the 4th quarter. Little House Capital LLC now owns 6,530 shares of the company’s stock worth $1,473,000 after purchasing an additional 2,259 shares in the last quarter. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Marriott International Trading Up 0.5 %

NASDAQ MAR traded up $1.14 on Friday, reaching $225.26. 958,335 shares of the stock were exchanged, compared to its average volume of 1,489,193. The firm has a market capitalization of $64.34 billion, a PE ratio of 23.25, a PEG ratio of 4.24 and a beta of 1.60. Marriott International, Inc. has a one year low of $180.75 and a one year high of $260.57. The company’s 50-day simple moving average is $233.81 and its two-hundred day simple moving average is $239.71.

Marriott International (NASDAQ:MAR) last issued its earnings results on Wednesday, July 31st. The company reported $2.50 earnings per share for the quarter, topping 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 the consensus estimate of $6.47 billion. During the same quarter in the prior year, the firm posted $2.26 EPS. Marriott International’s quarterly revenue was up 6.0% compared to the same quarter last year. Sell-side analysts forecast that Marriott International, Inc. will post 9.29 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 16th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Friday, August 16th. Marriott International’s dividend payout ratio (DPR) is currently 26.01%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on MAR shares. Morgan Stanley dropped their target price on shares of Marriott International from $268.00 to $250.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. 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. Wells Fargo & Company decreased their target price on 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. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Marriott International from $222.00 to $216.00 and set a “hold” rating for the company in a report on Thursday, August 1st. Finally, Susquehanna began coverage on shares of Marriott International in a research note on Friday, June 21st. They set a “neutral” rating and a $255.00 target price for the company. Fourteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $242.39.

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