Marriott International, Inc. (NASDAQ:MAR) Shares Bought by Aaron Wealth Advisors LLC

Aaron Wealth Advisors LLC raised its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 24.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,473 shares of the company’s stock after acquiring an additional 679 shares during the period. Aaron Wealth Advisors LLC’s holdings in Marriott International were worth $863,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Roble Belko & Company Inc raised its position 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 purchasing an additional 93 shares during the period. Bangor Savings Bank raised its holdings in shares of Marriott International by 131.1% in the 2nd quarter. Bangor Savings Bank now owns 104 shares of the company’s stock valued at $25,000 after buying an additional 59 shares during the period. Hantz Financial Services Inc. acquired a new position in Marriott International during the 2nd quarter worth about $26,000. Benjamin Edwards Inc. acquired a new position in Marriott International in the 1st quarter valued at about $29,000. Finally, MFA Wealth Advisors LLC purchased a new stake in Marriott International during the second quarter worth about $28,000. 70.70% of the stock is owned by hedge funds and other institutional investors.

Marriott International Stock Performance

Shares of MAR stock traded up $0.85 during mid-day trading on Friday, hitting $265.42. 200,849 shares of the stock were exchanged, compared to its average volume of 1,476,216. Marriott International, Inc. has a 12-month low of $180.75 and a 12-month high of $265.54. The stock has a market capitalization of $75.81 billion, a price-to-earnings ratio of 27.30, a P/E/G ratio of 6.15 and a beta of 1.59. The stock’s fifty day simple moving average is $237.99 and its two-hundred day simple moving average is $238.38.

Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Wednesday, July 31st. The company reported $2.50 EPS 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 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 revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.26 earnings per share. On average, research analysts expect that Marriott International, Inc. will post 9.37 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, August 16th were given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 0.95%. The ex-dividend date was Friday, August 16th. Marriott International’s payout ratio is currently 26.01%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on MAR. Barclays lifted their price objective on shares of Marriott International from $240.00 to $251.00 and gave the company an “equal weight” rating in a report on Wednesday, July 17th. Susquehanna began coverage on Marriott International in a research report on Friday, June 21st. They set a “neutral” rating and a $255.00 price objective on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on Marriott International from $222.00 to $216.00 and set a “hold” rating for the company in a 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. Finally, Wells Fargo & Company lowered their price objective 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. Twelve investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $248.65.

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, City Express by Marriott, and St.