Cape ANN Savings Bank Reduces Holdings in Marriott International, Inc. (NASDAQ:MAR)

Cape ANN Savings Bank lessened its position in Marriott International, Inc. (NASDAQ:MAR) by 2.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,742 shares of the company’s stock after selling 166 shares during the quarter. Marriott International accounts for 0.9% of Cape ANN Savings Bank’s portfolio, making the stock its 25th largest position. Cape ANN Savings Bank’s holdings in Marriott International were worth $1,602,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd bought a new stake in Marriott International in the fourth quarter worth about $1,374,000. Union Bancaire Privee UBP SA bought a new stake in shares of Marriott International during the 4th quarter worth approximately $2,990,000. World Equity Group Inc. boosted its holdings in Marriott International by 94.5% during the 4th quarter. World Equity Group Inc. now owns 2,770 shares of the company’s stock valued at $773,000 after acquiring an additional 1,346 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund purchased a new stake in Marriott International in the fourth quarter worth $9,428,000. Finally, MONECO Advisors LLC bought a new stake in shares of Marriott International during the fourth quarter worth $216,000. 70.70% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Truist Financial upped their price target on shares of Marriott International from $277.00 to $308.00 and gave the stock a “hold” rating in a report on Wednesday, February 12th. BMO Capital Markets raised their target price on shares of Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 5th. Robert W. Baird boosted their price target on Marriott International from $258.00 to $264.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. TD Cowen reduced their price objective on Marriott International from $295.00 to $283.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Finally, Stifel Nicolaus increased their price target on Marriott International from $252.00 to $283.00 and gave the stock a “hold” rating in a research report on Tuesday, November 26th. Thirteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $284.05.

Marriott International Trading Down 3.4 %

Shares of MAR opened at $277.47 on Monday. Marriott International, Inc. has a 12 month low of $204.55 and a 12 month high of $307.52. The firm has a market cap of $76.50 billion, a PE ratio of 33.35, a P/E/G ratio of 3.42 and a beta of 1.57. The stock has a fifty day moving average price of $283.73 and a 200-day moving average price of $265.45.

Marriott International (NASDAQ:MAR) last released its earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.08. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. As a group, research analysts forecast that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, February 27th will be given a dividend of $0.63 per share. The ex-dividend date is Thursday, February 27th. This represents a $2.52 dividend on an annualized basis and a yield of 0.91%. Marriott International’s dividend payout ratio is currently 30.29%.

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.