Burke & Herbert Bank & Trust Co. Has $957,000 Stock Position in Marriott International, Inc. (NASDAQ:MAR)

Burke & Herbert Bank & Trust Co. increased its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 26.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,849 shares of the company’s stock after acquiring an additional 794 shares during the quarter. Burke & Herbert Bank & Trust Co.’s holdings in Marriott International were worth $957,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bangor Savings Bank boosted its stake 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 purchasing an additional 59 shares during the last quarter. Hantz Financial Services Inc. bought a new position in Marriott International in the second quarter valued at approximately $26,000. MFA Wealth Advisors LLC acquired a new position in shares of Marriott International in the 2nd quarter valued at $28,000. Annapolis Financial Services LLC bought a new position in shares of Marriott International in the 1st quarter worth $34,000. Finally, Unique Wealth Strategies LLC acquired a new stake in shares of Marriott International during the second quarter worth $35,000. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MAR has been the topic of several analyst reports. Barclays increased their target price on Marriott International from $240.00 to $251.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 17th. UBS Group decreased their price objective on shares of Marriott International from $267.00 to $244.00 and set a “neutral” rating for the company in a report on Tuesday, August 13th. Bank of America lifted their price target on shares of Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday. JPMorgan Chase & Co. upped their price objective on shares of Marriott International from $235.00 to $255.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. Finally, BMO Capital Markets boosted their target price on Marriott International from $240.00 to $255.00 and gave the company a “market perform” rating in a research note on Tuesday. Thirteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Marriott International currently has a consensus rating of “Hold” and a consensus target price of $256.39.

Marriott International Price Performance

Shares of MAR traded up $2.79 during mid-day trading on Friday, hitting $263.42. 68,482 shares of the company’s stock were exchanged, compared to its average volume of 1,469,577. The company has a 50-day simple moving average of $241.75 and a 200 day simple moving average of $238.66. The company has a market cap of $75.24 billion, a PE ratio of 27.15, a P/E/G ratio of 6.15 and a beta of 1.59. Marriott International, Inc. has a 52 week low of $180.75 and a 52 week high of $266.58.

Marriott International (NASDAQ:MAR) last issued 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 net margin of 12.01% and a negative return on equity of 239.60%. The firm had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6.47 billion. During the same period in the previous year, the business earned $2.26 EPS. The company’s revenue was up 6.0% compared to the same quarter last year. On average, analysts anticipate that Marriott International, Inc. will post 9.37 earnings per share for the current year.

Marriott International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, August 16th were paid a $0.63 dividend. The ex-dividend date was Friday, August 16th. This represents a $2.52 dividend on an annualized basis and a yield of 0.96%. Marriott International’s dividend payout ratio is 26.01%.

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, City Express by Marriott, and St.