Raymond James Trust N.A. Has $1.81 Million Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

Raymond James Trust N.A. grew its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 10.3% in the second quarter, HoldingsChannel.com reports. The firm owned 7,471 shares of the company’s stock after purchasing an additional 698 shares during the period. Raymond James Trust N.A.’s holdings in Marriott International were worth $1,806,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of MAR. Bangor Savings Bank lifted 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 valued at $25,000 after purchasing an additional 59 shares in the last quarter. Roble Belko & Company Inc grew its holdings in shares of 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 in the last quarter. MFA Wealth Advisors LLC purchased a new stake in shares of Marriott International during the second quarter valued at approximately $28,000. Benjamin Edwards Inc. bought a new stake in Marriott International during the first quarter worth $29,000. Finally, Private Wealth Management Group LLC bought a new position in Marriott International in the 4th quarter valued at $33,000. 70.70% of the stock is owned by hedge funds and other institutional investors.

Marriott International Price Performance

Shares of MAR traded up $1.14 during midday trading on Friday, hitting $225.26. 958,335 shares of the company traded hands, compared to its average volume of 1,489,193. The stock has a 50-day moving average of $233.81 and a 200-day moving average of $239.71. Marriott International, Inc. has a one year low of $180.75 and a one year high of $260.57. The firm has a market cap of $64.34 billion, a P/E ratio of 23.25, a PEG ratio of 4.24 and a beta of 1.60.

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. Marriott International had a negative return on equity of 239.60% and a net margin of 12.01%. The business had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6.47 billion. During the same period in the prior year, the company earned $2.26 EPS. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. Sell-side analysts forecast that Marriott International, Inc. will post 9.29 EPS for the current fiscal year.

Marriott International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 16th will be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.12%. Marriott International’s dividend payout ratio is 26.01%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Morgan Stanley cut their price target on shares of Marriott International from $268.00 to $250.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. Mizuho increased their target price on shares of Marriott International from $260.00 to $265.00 and gave the company a “neutral” rating in a research report on Thursday, May 2nd. Robert W. Baird lowered their price target on shares of Marriott International from $252.00 to $245.00 and set a “neutral” rating on the stock in a report on Thursday, August 1st. Susquehanna assumed coverage on Marriott International in a report on Friday, June 21st. They set a “neutral” rating and a $255.00 price objective for the company. Finally, Barclays raised their target price on Marriott International from $240.00 to $251.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 17th. Fourteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $242.39.

Marriott International Company 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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.