Wilmington Savings Fund Society FSB lifted its position in Marriott International, Inc. (NASDAQ:MAR – Free Report) by 5.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,069 shares of the company’s stock after acquiring an additional 194 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Marriott International were worth $1,112,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the company. Pallas Capital Advisors LLC increased its holdings in Marriott International by 0.4% in the 2nd quarter. Pallas Capital Advisors LLC now owns 8,649 shares of the company’s stock valued at $2,363,000 after buying an additional 37 shares during the period. CreativeOne Wealth LLC increased its holdings in Marriott International by 2.1% in the 1st quarter. CreativeOne Wealth LLC now owns 1,831 shares of the company’s stock valued at $436,000 after buying an additional 38 shares during the period. Motley Fool Asset Management LLC increased its holdings in Marriott International by 0.3% in the 1st quarter. Motley Fool Asset Management LLC now owns 12,824 shares of the company’s stock valued at $3,055,000 after buying an additional 39 shares during the period. Valmark Advisers Inc. increased its holdings in Marriott International by 1.6% in the 2nd quarter. Valmark Advisers Inc. now owns 2,462 shares of the company’s stock valued at $673,000 after buying an additional 39 shares during the period. Finally, Geneos Wealth Management Inc. increased its holdings in Marriott International by 1.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,387 shares of the company’s stock valued at $569,000 after buying an additional 40 shares during the period. 70.70% of the stock is owned by hedge funds and other institutional investors.
Marriott International Stock Down 2.7%
Shares of NASDAQ:MAR opened at $259.04 on Friday. Marriott International, Inc. has a 12 month low of $205.40 and a 12 month high of $307.52. The company’s 50-day moving average price is $265.50 and its two-hundred day moving average price is $259.65. The firm has a market cap of $70.32 billion, a P/E ratio of 29.20, a P/E/G ratio of 2.62 and a beta of 1.35.
Marriott International declared that its board has initiated a share repurchase plan on Thursday, August 7th that allows the company to buyback 25,000,000 outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.
Marriott International Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, August 21st were issued a dividend of $0.67 per share. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $2.68 dividend on an annualized basis and a yield of 1.0%. Marriott International’s dividend payout ratio is currently 30.21%.
Analysts Set New Price Targets
Several equities research analysts have issued reports on MAR shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Marriott International in a report on Wednesday, October 8th. Barclays lowered their target price on shares of Marriott International from $276.00 to $262.00 and set an “equal weight” rating on the stock in a report on Friday, October 3rd. BMO Capital Markets lowered their target price on shares of Marriott International from $285.00 to $280.00 and set a “market perform” rating on the stock in a report on Wednesday, August 6th. Truist Financial upped their target price on shares of Marriott International from $273.00 to $278.00 and gave the stock a “hold” rating in a report on Wednesday, September 3rd. Finally, Robert W. Baird upped their target price on shares of Marriott International from $285.00 to $287.00 and gave the stock a “neutral” rating in a report on Wednesday, August 20th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, Marriott International currently has a consensus rating of “Moderate Buy” and a consensus target price of $282.63.
View Our Latest Stock Analysis on Marriott International
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.
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