MainStreet Investment Advisors LLC Has $5.46 Million Stock Position in Marriott International, Inc. (NASDAQ:MAR)

MainStreet Investment Advisors LLC lessened its stake in Marriott International, Inc. (NASDAQ:MAR) by 7.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,585 shares of the company’s stock after selling 1,764 shares during the quarter. MainStreet Investment Advisors LLC’s holdings in Marriott International were worth $5,460,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in MAR. BDF Gestion acquired a new position in Marriott International during the 2nd quarter worth approximately $3,013,000. Parnassus Investments LLC boosted its holdings in Marriott International by 0.3% during the fourth quarter. Parnassus Investments LLC now owns 2,457,382 shares of the company’s stock worth $554,164,000 after purchasing an additional 7,135 shares during the last quarter. Redwood Investment Management LLC increased its stake in Marriott International by 208.3% in the 4th quarter. Redwood Investment Management LLC now owns 26,927 shares of the company’s stock valued at $6,072,000 after buying an additional 18,192 shares during the last quarter. CWM LLC lifted its position in Marriott International by 518.7% during the 2nd quarter. CWM LLC now owns 47,519 shares of the company’s stock worth $11,489,000 after buying an additional 39,839 shares in the last quarter. Finally, Stifel Financial Corp boosted its stake in shares of Marriott International by 3.5% during the 4th quarter. Stifel Financial Corp now owns 124,569 shares of the company’s stock worth $28,092,000 after buying an additional 4,247 shares during the last quarter. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Morgan Stanley dropped their target price on Marriott International from $268.00 to $250.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. Barclays increased their price objective on Marriott International from $240.00 to $251.00 and gave the company an “equal weight” rating in a report on Wednesday, July 17th. JPMorgan Chase & Co. boosted their target price on shares of Marriott International from $235.00 to $255.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. Macquarie reissued a “neutral” rating and issued a $245.00 price objective on shares of Marriott International in a research report on Friday, August 2nd. Finally, Robert W. Baird dropped their target price 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. Thirteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Marriott International has a consensus rating of “Hold” and a consensus price target of $244.44.

Marriott International Stock Performance

NASDAQ:MAR opened at $227.60 on Friday. Marriott International, Inc. has a fifty-two week low of $180.75 and a fifty-two week high of $260.57. The company has a market cap of $65.01 billion, a price-to-earnings ratio of 23.49, a PEG ratio of 5.51 and a beta of 1.59. The stock has a fifty day moving average price of $231.07 and a 200-day moving average price of $238.84.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.49 by $0.01. The firm had revenue of $6.44 billion for the quarter, compared to the consensus estimate of $6.47 billion. Marriott International had a net margin of 12.01% and a negative return on equity of 239.60%. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.26 earnings per share. Research analysts predict that Marriott International, Inc. will post 9.37 EPS for the current fiscal year.

Marriott International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 16th will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.11%. The ex-dividend date is Friday, August 16th. Marriott International’s dividend payout ratio (DPR) is presently 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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.