First Western Trust Bank Sells 3,027 Shares of Marriott International, Inc. (NASDAQ:MAR)

First Western Trust Bank lowered its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 13.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,886 shares of the company’s stock after selling 3,027 shares during the quarter. First Western Trust Bank’s holdings in Marriott International were worth $4,808,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Private Advisor Group LLC lifted its position in Marriott International by 0.6% during the fourth quarter. Private Advisor Group LLC now owns 21,504 shares of the company’s stock valued at $4,849,000 after purchasing an additional 138 shares in the last quarter. Apollon Wealth Management LLC lifted its position in shares of Marriott International by 106.1% during the 4th quarter. Apollon Wealth Management LLC now owns 5,090 shares of the company’s stock valued at $1,148,000 after buying an additional 2,620 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in Marriott International by 18.1% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,100 shares of the company’s stock worth $699,000 after acquiring an additional 474 shares in the last quarter. Gryphon Financial Partners LLC raised its stake in Marriott International by 321.7% during the 4th quarter. Gryphon Financial Partners LLC now owns 5,857 shares of the company’s stock worth $1,321,000 after acquiring an additional 4,468 shares during the period. Finally, Cullen Frost Bankers Inc. lifted its holdings in Marriott International by 24.2% during the fourth quarter. Cullen Frost Bankers Inc. now owns 25,708 shares of the company’s stock valued at $5,797,000 after purchasing an additional 5,003 shares in the last quarter. Institutional investors own 70.70% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on MAR. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Marriott International from $222.00 to $216.00 and set a “hold” rating on the stock in a research report on Thursday, August 1st. Wells Fargo & Company lowered their price objective on Marriott International from $248.00 to $238.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 1st. Sanford C. Bernstein upgraded Marriott International from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $247.00 to $262.00 in a research report on Thursday, August 29th. Morgan Stanley lowered their price target on Marriott International from $268.00 to $250.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Marriott International from $235.00 to $255.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Thirteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $244.44.

Marriott International Stock Down 0.2 %

Shares of NASDAQ:MAR opened at $229.06 on Friday. The firm has a fifty day simple moving average of $231.35 and a two-hundred day simple moving average of $238.96. The stock has a market capitalization of $65.42 billion, a P/E ratio of 23.64, a PEG ratio of 5.51 and a beta of 1.59. Marriott International, Inc. has a 52 week low of $180.75 and a 52 week high of $260.57.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data 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. The company had revenue of $6.44 billion for the quarter, compared to analysts’ expectations 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 period in the previous year, the firm posted $2.26 earnings per share. On average, 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. Stockholders of record on Friday, August 16th will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Friday, August 16th. Marriott International’s dividend payout ratio is currently 26.01%.

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.