Marriott International, Inc. (NASDAQ:MAR) Stock Position Boosted by Leeward Financial Partners LLC

Leeward Financial Partners LLC boosted its stake in Marriott International, Inc. (NASDAQ:MAR) by 1.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,130 shares of the company’s stock after buying an additional 49 shares during the period. Leeward Financial Partners LLC’s holdings in Marriott International were worth $1,042,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Federated Hermes Inc. lifted its holdings in Marriott International by 178.1% in the 3rd quarter. Federated Hermes Inc. now owns 2,222 shares of the company’s stock valued at $437,000 after acquiring an additional 1,423 shares during the last quarter. Mutual Advisors LLC lifted its holdings in Marriott International by 9.7% in the 3rd quarter. Mutual Advisors LLC now owns 1,201 shares of the company’s stock valued at $236,000 after acquiring an additional 106 shares during the last quarter. Bank of Nova Scotia lifted its holdings in Marriott International by 8.8% in the 3rd quarter. Bank of Nova Scotia now owns 23,175 shares of the company’s stock valued at $4,555,000 after acquiring an additional 1,866 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in Marriott International by 55.0% in the 3rd quarter. Lazard Asset Management LLC now owns 6,288 shares of the company’s stock valued at $1,235,000 after acquiring an additional 2,231 shares during the last quarter. Finally, Truist Financial Corp lifted its holdings in Marriott International by 76.7% in the 3rd quarter. Truist Financial Corp now owns 91,554 shares of the company’s stock valued at $17,996,000 after acquiring an additional 39,746 shares during the last quarter. Institutional investors own 70.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Robert W. Baird upped their price objective on shares of Marriott International from $248.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. BMO Capital Markets upped their price objective on shares of Marriott International from $235.00 to $240.00 and gave the company a “market perform” rating in a research note on Thursday, May 2nd. Barclays upped their price objective on shares of Marriott International from $239.00 to $240.00 and gave the company an “equal weight” rating in a research note on Friday, April 19th. Susquehanna initiated coverage on shares of Marriott International in a research report on Friday, June 21st. They issued a “neutral” rating and a $255.00 price target for the company. Finally, Argus increased their price target on shares of Marriott International from $270.00 to $280.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Twelve equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $242.19.

Marriott International Stock Up 0.1 %

MAR stock traded up $0.19 during midday trading on Wednesday, hitting $240.17. 865,752 shares of the company traded hands, compared to its average volume of 1,460,806. Marriott International, Inc. has a twelve month low of $178.24 and a twelve month high of $260.57. The business has a 50 day simple moving average of $237.46 and a 200-day simple moving average of $239.60. The stock has a market capitalization of $68.60 billion, a price-to-earnings ratio of 24.87, a price-to-earnings-growth ratio of 4.55 and a beta of 1.60.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.04). Marriott International had a net margin of 12.00% and a negative return on equity of 376.88%. The company had revenue of $5.98 billion for the quarter, compared to analyst estimates of $5.95 billion. During the same quarter last year, the business earned $2.09 EPS. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. Equities research analysts forecast that Marriott International, Inc. will post 9.55 EPS for the current year.

Marriott International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, May 24th were issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.05%. The ex-dividend date was Thursday, May 23rd. This is an increase from Marriott International’s previous quarterly dividend of $0.52. Marriott International’s dividend payout ratio (DPR) is 26.01%.

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.