Wedmont Private Capital Sells 195 Shares of Marriott International, Inc. (NASDAQ:MAR)

Wedmont Private Capital trimmed its holdings in Marriott International, Inc. (NASDAQ:MAR) by 5.5% in the third quarter, Holdings Channel reports. The fund owned 3,372 shares of the company’s stock after selling 195 shares during the period. Wedmont Private Capital’s holdings in Marriott International were worth $861,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Roble Belko & Company Inc grew its stake in Marriott International by 845.5% in the first quarter. Roble Belko & Company Inc now owns 104 shares of the company’s stock valued at $26,000 after acquiring an additional 93 shares during the period. Bangor Savings Bank boosted its position in shares of Marriott International by 131.1% during the second quarter. Bangor Savings Bank now owns 104 shares of the company’s stock worth $25,000 after buying an additional 59 shares during the period. Hantz Financial Services Inc. acquired a new position in shares of Marriott International during the second quarter worth about $26,000. Benjamin Edwards Inc. acquired a new position in shares of Marriott International during the first quarter worth about $29,000. Finally, MFA Wealth Advisors LLC acquired a new position in shares of Marriott International during the second quarter worth about $28,000. 70.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MAR. Deutsche Bank Aktiengesellschaft reduced their price objective on Marriott International from $222.00 to $216.00 and set a “hold” rating for the company in a research report on Thursday, August 1st. JPMorgan Chase & Co. increased their price target on Marriott International from $235.00 to $255.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. Susquehanna began coverage on Marriott International in a research report on Friday, June 21st. They set a “neutral” rating and a $255.00 price target for the company. The Goldman Sachs Group began coverage on Marriott International in a research report on Wednesday, September 18th. They set a “buy” rating and a $267.00 price target for the company. Finally, Barclays increased their price target on Marriott International from $240.00 to $251.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 17th. Twelve analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $248.65.

Marriott International Trading Down 0.5 %

Shares of NASDAQ MAR opened at $260.54 on Friday. The firm has a market cap of $73.35 billion, a P/E ratio of 26.05, a price-to-earnings-growth ratio of 6.15 and a beta of 1.59. Marriott International, Inc. has a 1-year low of $180.75 and a 1-year high of $263.02. The business’s 50 day moving average is $232.34 and its 200-day moving average is $237.88.

Marriott International (NASDAQ:MAR) last announced its earnings results on Wednesday, July 31st. The company reported $2.50 earnings per share for the quarter, topping 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 quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.26 earnings per share. Analysts forecast that Marriott International, Inc. will post 9.37 EPS for the current year.

Marriott International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 16th were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date was Friday, August 16th. Marriott International’s dividend payout ratio is currently 25.20%.

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.