Marriott International, Inc. (NASDAQ:MAR) Stake Lifted by Stratos Wealth Advisors LLC

Stratos Wealth Advisors LLC increased its stake in Marriott International, Inc. (NASDAQ:MAR) by 22.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,446 shares of the company’s stock after acquiring an additional 448 shares during the period. Stratos Wealth Advisors LLC’s holdings in Marriott International were worth $608,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MAR. Bangor Savings Bank lifted its stake in Marriott International by 131.1% during the second quarter. Bangor Savings Bank now owns 104 shares of the company’s stock valued at $25,000 after purchasing an additional 59 shares during the last quarter. Hantz Financial Services Inc. acquired a new stake in Marriott International during the second quarter valued at approximately $26,000. MFA Wealth Advisors LLC acquired a new stake in Marriott International during the second quarter valued at approximately $28,000. Annapolis Financial Services LLC acquired a new stake in Marriott International during the first quarter valued at approximately $34,000. Finally, Unique Wealth Strategies LLC purchased a new stake in shares of Marriott International in the 2nd quarter valued at approximately $35,000. 70.70% of the stock is owned by institutional investors and hedge funds.

Marriott International Stock Down 0.2 %

Shares of MAR opened at $264.97 on Tuesday. The company’s fifty day moving average is $239.95 and its 200-day moving average is $238.44. Marriott International, Inc. has a 12 month low of $180.75 and a 12 month high of $266.58. The firm has a market cap of $75.68 billion, a price-to-earnings ratio of 27.34, a price-to-earnings-growth ratio of 6.15 and a beta of 1.59.

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

Marriott International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 16th were paid a $0.63 dividend. The ex-dividend date was Friday, August 16th. This represents a $2.52 dividend on an annualized basis and a yield of 0.95%. Marriott International’s payout ratio is presently 26.01%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MAR. Wells Fargo & Company reduced their price target on shares of 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. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Marriott International from $222.00 to $216.00 and set a “hold” rating for the company in a research report on Thursday, August 1st. 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 research report on Wednesday, July 17th. Robert W. Baird set a $258.00 price target on shares of Marriott International in a research report on Thursday. Finally, JPMorgan Chase & Co. increased their target price on shares of Marriott International from $235.00 to $255.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. Thirteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Marriott International presently has an average rating of “Hold” and a consensus price target of $253.16.

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.