Marriott International, Inc. (NASDAQ:MAR) Shares Bought by L & S Advisors Inc

L & S Advisors Inc lifted its position in Marriott International, Inc. (NASDAQ:MAR) by 8.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,070 shares of the company’s stock after acquiring an additional 819 shares during the quarter. L & S Advisors Inc’s holdings in Marriott International were worth $2,676,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Bangor Savings Bank boosted its stake in shares of Marriott International by 131.1% during the 2nd quarter. Bangor Savings Bank now owns 104 shares of the company’s stock valued at $25,000 after buying an additional 59 shares during the period. Roble Belko & Company Inc grew its stake in 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 purchasing an additional 93 shares in the last quarter. Hantz Financial Services Inc. acquired a new position in Marriott International in the 2nd quarter worth about $26,000. MFA Wealth Advisors LLC acquired a new stake in shares of Marriott International during the 2nd quarter valued at about $28,000. Finally, Benjamin Edwards Inc. acquired a new position in Marriott International in the first quarter worth approximately $29,000. 70.70% of the stock is owned by hedge funds and other institutional investors.

Marriott International Price Performance

Shares of NASDAQ MAR opened at $232.46 on Tuesday. The stock has a market capitalization of $66.40 billion, a P/E ratio of 23.99, a P/E/G ratio of 5.34 and a beta of 1.59. The company’s 50-day moving average is $229.78 and its 200 day moving average is $237.95. Marriott International, Inc. has a 1 year low of $180.75 and a 1 year high of $260.57.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.49 by $0.01. The company 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 firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.26 earnings per share. Research analysts anticipate that Marriott International, Inc. will post 9.37 earnings per share for the current year.

Marriott International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 16th will be paid a $0.63 dividend. The ex-dividend date is Friday, August 16th. This represents a $2.52 annualized dividend and a yield of 1.08%. Marriott International’s payout ratio is 26.01%.

Analyst Ratings Changes

MAR has been the topic of several analyst reports. Sanford C. Bernstein upgraded shares of Marriott International from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $247.00 to $262.00 in a research note on Thursday, August 29th. Macquarie restated a “neutral” rating and issued a $245.00 price target on shares of Marriott International in a research report on Friday, August 2nd. Robert W. Baird decreased their target price on Marriott International from $252.00 to $245.00 and set a “neutral” rating on the stock in a research report on Thursday, August 1st. Susquehanna assumed coverage on Marriott International in a research report on Friday, June 21st. They set a “neutral” rating and a $255.00 price objective on the stock. Finally, Barclays raised their price target on shares of Marriott International from $240.00 to $251.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 17th. Thirteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $246.18.

Marriott International 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.