Marriott International, Inc. (NASDAQ:MAR) Shares Acquired by Wesbanco Bank Inc.

Wesbanco Bank Inc. grew its holdings in Marriott International, Inc. (NASDAQ:MAR) by 276.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,643 shares of the company’s stock after acquiring an additional 13,689 shares during the quarter. Wesbanco Bank Inc.’s holdings in Marriott International were worth $4,635,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in MAR. JPMorgan Chase & Co. lifted its holdings in shares of Marriott International by 1.8% during the first quarter. JPMorgan Chase & Co. now owns 10,616,899 shares of the company’s stock worth $2,678,750,000 after purchasing an additional 192,652 shares during the period. Capital International Investors raised its position in Marriott International by 4.7% during the 1st quarter. Capital International Investors now owns 3,296,879 shares of the company’s stock worth $831,836,000 after buying an additional 149,378 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Marriott International by 5.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 679,757 shares of the company’s stock valued at $164,355,000 after acquiring an additional 33,149 shares during the period. Harbor Investment Advisory LLC increased its stake in shares of Marriott International by 11.9% in the first quarter. Harbor Investment Advisory LLC now owns 635,202 shares of the company’s stock worth $160,268,000 after acquiring an additional 67,659 shares during the period. Finally, First Pacific Advisors LP raised its holdings in shares of Marriott International by 2.1% during the second quarter. First Pacific Advisors LP now owns 613,205 shares of the company’s stock worth $148,255,000 after purchasing an additional 12,499 shares during the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Stock Performance

NASDAQ MAR opened at $260.58 on Wednesday. The business has a fifty day moving average price of $236.06 and a 200 day moving average price of $238.02. The company has a market cap of $74.43 billion, a P/E ratio of 26.89, a P/E/G ratio of 6.15 and a beta of 1.59. Marriott International, Inc. has a one year low of $180.75 and a one year high of $264.14.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $2.50 earnings per share for the quarter, topping 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 the consensus estimate of $6.47 billion. During the same period last year, the firm posted $2.26 earnings per share. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, sell-side analysts predict that Marriott International, Inc. will post 9.37 EPS for the current fiscal year.

Marriott International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, August 16th were given 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 0.97%. Marriott International’s dividend payout ratio (DPR) is presently 26.01%.

Wall Street Analysts Forecast Growth

MAR has been the topic of several analyst reports. Sanford C. Bernstein raised 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 report on Thursday, August 29th. Wells Fargo & Company reduced their price target on Marriott International from $248.00 to $238.00 and set an “equal weight” rating for the company in a research report on Thursday, August 1st. JPMorgan Chase & Co. upped their price objective on Marriott International from $235.00 to $255.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. Truist Financial dropped their price objective on shares of Marriott International from $263.00 to $254.00 and set a “hold” rating on the stock in a research note on Tuesday, August 6th. Finally, Macquarie reaffirmed a “neutral” rating and set a $245.00 price objective on shares of Marriott International in a research note on Friday, August 2nd. Twelve investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $248.65.

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.