Cwm LLC Decreases Stake in Marriott International, Inc. (NASDAQ:MAR)

Cwm LLC trimmed its position in Marriott International, Inc. (NASDAQ:MAR) by 10.8% during the 3rd quarter, Holdings Channel.com reports. The fund owned 42,392 shares of the company’s stock after selling 5,127 shares during the period. Cwm LLC’s holdings in Marriott International were worth $10,539,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Global Assets Advisory LLC acquired a new position in shares of Marriott International in the first quarter valued at about $153,697,000. Healthcare of Ontario Pension Plan Trust Fund boosted its position in Marriott International by 36,856.7% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 241,327 shares of the company’s stock valued at $58,346,000 after buying an additional 240,674 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Marriott International by 1.8% in the 1st quarter. JPMorgan Chase & Co. now owns 10,616,899 shares of the company’s stock worth $2,678,750,000 after buying an additional 192,652 shares during the period. Capital International Investors lifted its stake in 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 acquiring an additional 149,378 shares during the period. Finally, AXA S.A. boosted its holdings in shares of Marriott International by 133.4% in the 2nd quarter. AXA S.A. now owns 221,045 shares of the company’s stock valued at $53,442,000 after acquiring an additional 126,323 shares during the last quarter. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on MAR shares. Truist Financial reduced their target price on shares of Marriott International from $263.00 to $254.00 and set a “hold” rating for the company in a report on Tuesday, August 6th. Barclays boosted their price objective on Marriott International from $240.00 to $251.00 and gave the company an “equal weight” rating in a report on Wednesday, July 17th. The Goldman Sachs Group started coverage on Marriott International in a report on Wednesday, September 18th. They set a “buy” rating and a $267.00 target price on the stock. Wells Fargo & Company decreased their price target on Marriott International from $248.00 to $238.00 and set an “equal weight” rating for the company in a report on Thursday, August 1st. Finally, Robert W. Baird dropped their price objective on shares of Marriott International from $252.00 to $245.00 and set a “neutral” rating on the stock in a research note on Thursday, August 1st. 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 presently has an average rating of “Hold” and a consensus target price of $248.65.

Marriott International Stock Up 0.8 %

MAR stock opened at $262.63 on Friday. Marriott International, Inc. has a 52 week low of $180.75 and a 52 week high of $264.14. The firm has a 50-day simple moving average of $234.15 and a 200-day simple moving average of $238.11. The stock has a market capitalization of $73.94 billion, a P/E ratio of 26.26, a P/E/G ratio of 6.15 and a beta of 1.59.

Marriott International (NASDAQ:MAR) last announced 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 business had revenue of $6.44 billion during 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 business’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $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 firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, August 16th were given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date was Friday, August 16th. Marriott International’s dividend payout ratio (DPR) is 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.