Marriott International, Inc. (NASDAQ:MAR) Shares Purchased by SteelPeak Wealth LLC

SteelPeak Wealth LLC raised its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 24.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,595 shares of the company’s stock after acquiring an additional 716 shares during the quarter. SteelPeak Wealth LLC’s holdings in Marriott International were worth $869,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of MAR. Bangor Savings Bank grew its stake in Marriott International by 131.1% during the 2nd quarter. Bangor Savings Bank now owns 104 shares of the company’s stock valued at $25,000 after acquiring an additional 59 shares in the last quarter. Roble Belko & Company Inc lifted its holdings in shares of Marriott International by 845.5% during the 1st quarter. Roble Belko & Company Inc now owns 104 shares of the company’s stock valued at $26,000 after buying an additional 93 shares during the last quarter. ORG Partners LLC lifted its holdings in shares of Marriott International by 72.6% during the 4th quarter. ORG Partners LLC now owns 126 shares of the company’s stock valued at $29,000 after buying an additional 53 shares during the last quarter. Benjamin Edwards Inc. acquired a new stake in shares of Marriott International during the 1st quarter valued at about $29,000. Finally, Wetzel Investment Advisors Inc. acquired a new stake in shares of Marriott International during the 4th quarter valued at about $33,000. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Analyst Ratings Changes

MAR has been the subject of several research reports. Deutsche Bank Aktiengesellschaft reduced their price target on Marriott International from $222.00 to $216.00 and set a “hold” rating for the company in a report on Thursday, August 1st. Robert W. Baird reduced their price target on Marriott International from $252.00 to $245.00 and set a “neutral” rating for the company in a report on Thursday, August 1st. Susquehanna assumed coverage on Marriott International in a report on Friday, June 21st. They issued a “neutral” rating and a $255.00 target price for the company. BMO Capital Markets boosted their target price on Marriott International from $235.00 to $240.00 and gave the stock a “market perform” rating in a report on Thursday, May 2nd. Finally, JPMorgan Chase & Co. boosted their target price on Marriott International from $235.00 to $255.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. Fourteen analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $242.39.

Marriott International Price Performance

Shares of MAR traded up $4.80 on Thursday, reaching $221.90. 1,725,826 shares of the stock traded hands, compared to its average volume of 1,509,141. The firm has a market cap of $63.38 billion, a price-to-earnings ratio of 22.90, a P/E/G ratio of 4.24 and a beta of 1.60. Marriott International, Inc. has a 12 month low of $180.75 and a 12 month high of $260.57. The stock’s 50-day moving average price is $235.42 and its 200-day moving average price is $240.73.

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

Marriott International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 16th will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Friday, August 16th. Marriott International’s dividend payout ratio (DPR) is 26.01%.

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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.