Fulton Bank N.A. Has $823,000 Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

Fulton Bank N.A. lessened its stake in Marriott International, Inc. (NASDAQ:MAR) by 1.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,406 shares of the company’s stock after selling 47 shares during the quarter. Fulton Bank N.A.’s holdings in Marriott International were worth $823,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Norges Bank bought a new position in Marriott International in the fourth quarter valued at approximately $461,525,000. Jennison Associates LLC grew its stake in shares of Marriott International by 34.8% during the fourth quarter. Jennison Associates LLC now owns 4,547,098 shares of the company’s stock worth $1,025,416,000 after purchasing an additional 1,173,028 shares during the period. Capital International Investors increased its holdings in Marriott International by 42.2% in the fourth quarter. Capital International Investors now owns 3,147,501 shares of the company’s stock valued at $709,793,000 after purchasing an additional 934,304 shares during the last quarter. Global Assets Advisory LLC acquired a new position in Marriott International in the first quarter valued at about $153,697,000. Finally, Public Employees Retirement Association of Colorado grew its position in shares of Marriott International by 557.2% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 496,505 shares of the company’s stock worth $111,967,000 after buying an additional 420,962 shares during the period. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MAR has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft dropped their price target on Marriott International from $222.00 to $216.00 and set a “hold” rating on the stock in a research report on Thursday, August 1st. Barclays increased their target price on Marriott International from $240.00 to $251.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 17th. BMO Capital Markets boosted their price target on Marriott International from $235.00 to $240.00 and gave the company a “market perform” rating in a report on Thursday, May 2nd. Morgan Stanley decreased their price objective on Marriott International from $268.00 to $250.00 and set an “overweight” rating for the company in a report on Tuesday. Finally, JPMorgan Chase & Co. upped their price target on Marriott International from $235.00 to $255.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. Fifteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $241.89.

Marriott International Stock Up 1.8 %

Marriott International stock traded up $3.90 during mid-day trading on Tuesday, hitting $215.25. 1,911,574 shares of the stock were exchanged, compared to its average volume of 1,511,768. The stock has a market capitalization of $61.48 billion, a price-to-earnings ratio of 22.38, a PEG ratio of 4.24 and a beta of 1.60. The firm’s fifty day simple moving average is $237.47 and its two-hundred day simple moving average is $241.85. Marriott International, Inc. has a 12 month low of $180.75 and a 12 month high of $260.57.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Wednesday, July 31st. The company reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.49 by $0.01. The company had revenue of $6.44 billion during the quarter, compared to analyst estimates of $6.47 billion. Marriott International had a net margin of 12.01% and a negative return on equity of 239.60%. Marriott International’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.26 EPS. As a group, analysts forecast that Marriott International, Inc. will post 9.29 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 16th will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend is Friday, August 16th. Marriott International’s dividend payout ratio (DPR) 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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.