Marriott International, Inc. (NASDAQ:MAR) Position Lessened by Tanager Wealth Management LLP

Tanager Wealth Management LLP cut its stake in Marriott International, Inc. (NASDAQ:MAR) by 12.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,754 shares of the company’s stock after selling 404 shares during the period. Tanager Wealth Management LLP’s holdings in Marriott International were worth $685,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of MAR. Rockland Trust Co. grew its holdings in Marriott International by 2.3% in the 2nd quarter. Rockland Trust Co. now owns 1,802 shares of the company’s stock worth $436,000 after buying an additional 41 shares in the last quarter. Kathmere Capital Management LLC increased its holdings in shares of Marriott International by 1.2% during the first quarter. Kathmere Capital Management LLC now owns 3,599 shares of the company’s stock valued at $908,000 after purchasing an additional 42 shares during the period. Park Avenue Securities LLC raised its stake in shares of Marriott International by 1.4% during the second quarter. Park Avenue Securities LLC now owns 3,298 shares of the company’s stock valued at $797,000 after purchasing an additional 46 shares in the last quarter. SeaCrest Wealth Management LLC grew its position in Marriott International by 1.5% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 3,075 shares of the company’s stock valued at $743,000 after buying an additional 46 shares in the last quarter. Finally, Quent Capital LLC increased its stake in Marriott International by 7.9% during the 1st quarter. Quent Capital LLC now owns 644 shares of the company’s stock valued at $162,000 after buying an additional 47 shares during the period. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Trading Down 2.9 %

NASDAQ:MAR opened at $257.82 on Thursday. Marriott International, Inc. has a 1-year low of $180.75 and a 1-year high of $266.58. The firm has a market capitalization of $73.64 billion, a price-to-earnings ratio of 26.61, a PEG ratio of 6.15 and a beta of 1.59. The business’s fifty day moving average price is $241.75 and its 200 day moving average price is $238.66.

Marriott International (NASDAQ:MAR) last posted 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 business had revenue of $6.44 billion during the quarter, compared to analysts’ expectations of $6.47 billion. Marriott International had a net margin of 12.01% and a negative return on equity of 239.60%. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period last year, the company posted $2.26 earnings per share. Equities analysts forecast that Marriott International, Inc. will post 9.37 earnings per share for the current year.

Marriott International Dividend Announcement

The company also recently disclosed 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. The ex-dividend date was Friday, August 16th. This represents a $2.52 dividend on an annualized basis and a yield of 0.98%. Marriott International’s payout ratio is 26.01%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on MAR shares. Sanford C. Bernstein upgraded shares of Marriott International from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $247.00 to $262.00 in a report on Thursday, August 29th. Wells Fargo & Company increased their price target on Marriott International from $238.00 to $261.00 and gave the company an “equal weight” rating in a research note on Tuesday. Bank of America boosted their price objective on Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday. Evercore ISI raised their target price on Marriott International from $245.00 to $270.00 and gave the company an “in-line” rating in a research note on Monday. Finally, JPMorgan Chase & Co. upped their price target 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 research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $256.39.

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.