TCV Trust & Wealth Management Inc. Sells 100 Shares of Marriott International, Inc. (NASDAQ:MAR)

TCV Trust & Wealth Management Inc. reduced its stake in Marriott International, Inc. (NASDAQ:MAR) by 3.3% during the third quarter, HoldingsChannel.com reports. The fund owned 2,899 shares of the company’s stock after selling 100 shares during the quarter. TCV Trust & Wealth Management Inc.’s holdings in Marriott International were worth $721,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bangor Savings Bank increased its holdings in shares of Marriott International by 131.1% in the 2nd quarter. Bangor Savings Bank now owns 104 shares of the company’s stock worth $25,000 after buying an additional 59 shares during the last quarter. Hantz Financial Services Inc. bought a new stake in shares of Marriott International in the 2nd quarter worth about $26,000. MFA Wealth Advisors LLC bought a new stake in shares of Marriott International in the 2nd quarter worth about $28,000. Annapolis Financial Services LLC bought a new stake in shares of Marriott International in the 1st quarter worth about $34,000. Finally, Unique Wealth Strategies LLC bought a new position in Marriott International during the 2nd quarter valued at about $35,000. 70.70% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Truist Financial cut their price target on shares of Marriott International from $263.00 to $254.00 and set a “hold” rating on the stock in a report on Tuesday, August 6th. Barclays upped their price target on shares of Marriott International from $240.00 to $251.00 and gave the company an “equal weight” rating in a report on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Marriott International from $222.00 to $216.00 and set a “hold” rating on the stock in a report on Thursday, August 1st. JPMorgan Chase & Co. upped their target price on shares of Marriott International from $235.00 to $255.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. Finally, Bank of America upped their target price on shares of Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Thirteen analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $256.39.

Marriott International Stock Up 0.6 %

NASDAQ:MAR opened at $262.12 on Friday. Marriott International, Inc. has a 52 week low of $180.75 and a 52 week high of $266.58. The firm has a 50 day moving average of $243.35 and a 200 day moving average of $238.75. The stock has a market capitalization of $74.87 billion, a price-to-earnings ratio of 27.05, a PEG ratio of 6.36 and a beta of 1.59.

Marriott International (NASDAQ:MAR) last posted its earnings results on Wednesday, July 31st. The company reported $2.50 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $6.44 billion during the quarter, compared to analysts’ expectations of $6.47 billion. During the same quarter in the prior year, the company posted $2.26 earnings per share. Marriott International’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, analysts expect that Marriott International, Inc. will post 9.37 EPS for the current year.

Marriott International Announces Dividend

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

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.