MCF Advisors LLC Boosts Stock Position in Marriott International, Inc. (NASDAQ:MAR)

MCF Advisors LLC lifted its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 4.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 1,202 shares of the company’s stock after buying an additional 49 shares during the quarter. MCF Advisors LLC’s holdings in Marriott International were worth $290,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. JPMorgan Chase & Co. grew 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 acquiring an additional 192,652 shares during the last quarter. Capital International Investors increased its holdings 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 purchasing an additional 149,378 shares during the period. Parnassus Investments LLC raised its position in Marriott International by 0.3% during the 4th quarter. Parnassus Investments LLC now owns 2,457,382 shares of the company’s stock valued at $554,164,000 after purchasing an additional 7,135 shares during the last quarter. Norges Bank bought a new stake in shares of Marriott International in the 4th quarter worth approximately $461,525,000. Finally, Wells Fargo & Company MN increased its stake in shares of Marriott International by 4.7% during the fourth quarter. Wells Fargo & Company MN now owns 660,831 shares of the company’s stock valued at $149,024,000 after buying an additional 29,785 shares during the period. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on MAR shares. Sanford C. Bernstein raised Marriott International from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $247.00 to $262.00 in a research report on Thursday, August 29th. UBS Group reduced their price target on Marriott International from $267.00 to $244.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 13th. Truist Financial lowered their price objective on Marriott International from $263.00 to $254.00 and set a “hold” rating for the company in a research report on Tuesday, August 6th. Wells Fargo & Company decreased their price target on shares of Marriott International from $248.00 to $238.00 and set an “equal weight” rating for the company in a research note on Thursday, August 1st. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Marriott International from $222.00 to $216.00 and set a “hold” rating for the company in a research note on Thursday, August 1st. Thirteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $244.44.

Marriott International Trading Down 0.2 %

MAR opened at $229.06 on Friday. Marriott International, Inc. has a 1-year low of $180.75 and a 1-year high of $260.57. The firm’s 50 day simple moving average is $231.35 and its two-hundred day simple moving average is $238.96. The company has a market capitalization of $65.42 billion, a PE ratio of 23.64, a PEG ratio of 5.51 and a beta of 1.59.

Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Wednesday, July 31st. The company reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $6.47 billion. During the same quarter in the previous year, the company posted $2.26 earnings per share. Marriott International’s revenue for the quarter was up 6.0% on a year-over-year basis. Equities analysts forecast that Marriott International, Inc. will post 9.37 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 16th will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date is Friday, August 16th. 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.