Savant Capital LLC Sells 1,175 Shares of Marriott International, Inc. (NASDAQ:MAR)

Savant Capital LLC cut its holdings in Marriott International, Inc. (NASDAQ:MAR) by 2.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,643 shares of the company’s stock after selling 1,175 shares during the quarter. Savant Capital LLC’s holdings in Marriott International were worth $14,178,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. JPMorgan Chase & Co. lifted its position in Marriott International by 1.8% during the first quarter. JPMorgan Chase & Co. now owns 10,616,899 shares of the company’s stock valued at $2,678,750,000 after purchasing an additional 192,652 shares during the period. Capital International Investors lifted its holdings in shares of Marriott International by 4.7% during the 1st quarter. Capital International Investors now owns 3,296,879 shares of the company’s stock valued at $831,836,000 after buying an additional 149,378 shares during the period. Parnassus Investments LLC grew its holdings in shares of Marriott International by 0.3% in the fourth quarter. Parnassus Investments LLC now owns 2,457,382 shares of the company’s stock worth $554,164,000 after acquiring an additional 7,135 shares during the period. Norges Bank purchased a new stake in Marriott International during the fourth quarter valued at $461,525,000. Finally, Wells Fargo & Company MN lifted its holdings in Marriott International by 4.7% in the fourth quarter. Wells Fargo & Company MN now owns 660,831 shares of the company’s stock valued at $149,024,000 after acquiring an additional 29,785 shares during the period. Institutional investors own 70.70% of the company’s stock.

Marriott International Price Performance

MAR stock opened at $227.60 on Friday. Marriott International, Inc. has a 1-year low of $180.75 and a 1-year high of $260.57. The company has a market capitalization of $65.01 billion, a price-to-earnings ratio of 23.49, a PEG ratio of 5.51 and a beta of 1.59. The business has a 50 day simple moving average of $231.07 and a two-hundred day simple moving average of $238.86.

Marriott International (NASDAQ:MAR) last posted its earnings results on Wednesday, July 31st. The company reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.49 by $0.01. The firm had revenue of $6.44 billion during the quarter, compared to the consensus estimate of $6.47 billion. Marriott International had a negative return on equity of 239.60% and a net margin of 12.01%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.26 EPS. Sell-side analysts anticipate that Marriott International, Inc. will post 9.37 EPS for the current fiscal year.

Marriott International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 16th will be issued a dividend of $0.63 per share. The ex-dividend date is Friday, August 16th. This represents a $2.52 annualized dividend and a yield of 1.11%. Marriott International’s payout ratio is presently 26.01%.

Analysts Set New Price Targets

Several research firms have recently commented on MAR. Morgan Stanley reduced their price target on shares of Marriott International from $268.00 to $250.00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. Barclays increased their price target on shares of Marriott International from $240.00 to $251.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 17th. Truist Financial cut their price objective on shares of Marriott International from $263.00 to $254.00 and set a “hold” rating for the company in a research report on Tuesday, August 6th. Robert W. Baird decreased their target price on Marriott International from $252.00 to $245.00 and set a “neutral” rating on the stock in a report on Thursday, August 1st. Finally, UBS Group reduced their price target on Marriott International from $267.00 to $244.00 and set a “neutral” rating for the company in a research report on Tuesday, August 13th. Thirteen analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $244.44.

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.