1,207 Shares in Marriott International, Inc. (NASDAQ:MAR) Acquired by Hendershot Investments Inc.

Hendershot Investments Inc. bought a new stake in Marriott International, Inc. (NASDAQ:MARFree Report) during the second quarter, HoldingsChannel.com reports. The firm bought 1,207 shares of the company’s stock, valued at approximately $292,000.

Other institutional investors also recently modified their holdings of the company. Bangor Savings Bank increased its holdings in Marriott International by 131.1% in the 2nd quarter. Bangor Savings Bank now owns 104 shares of the company’s stock worth $25,000 after purchasing an additional 59 shares in the last quarter. Roble Belko & Company Inc boosted its position in Marriott International by 845.5% during the 1st quarter. Roble Belko & Company Inc now owns 104 shares of the company’s stock worth $26,000 after buying an additional 93 shares during the period. Hantz Financial Services Inc. bought a new stake in Marriott International during the 2nd quarter worth approximately $26,000. MFA Wealth Advisors LLC acquired a new position in Marriott International in the 2nd quarter valued at approximately $28,000. Finally, Benjamin Edwards Inc. acquired a new position in shares of Marriott International during the first quarter worth $29,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Stock Performance

Shares of MAR stock opened at $229.06 on Friday. The company has a market capitalization of $65.42 billion, a price-to-earnings ratio of 23.64, a PEG ratio of 5.51 and a beta of 1.59. Marriott International, Inc. has a 52-week low of $180.75 and a 52-week high of $260.57. The company has a 50-day simple moving average of $231.35 and a two-hundred day simple moving average of $238.96.

Marriott International (NASDAQ:MARGet Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.49 by $0.01. Marriott International had a negative return on equity of 239.60% and a net margin of 12.01%. The company had revenue of $6.44 billion during the quarter, compared to the consensus estimate of $6.47 billion. During the same period last year, the business posted $2.26 earnings per share. Marriott International’s revenue was up 6.0% on a year-over-year basis. On average, sell-side analysts forecast that Marriott International, Inc. will post 9.37 EPS for the current fiscal year.

Marriott International Announces Dividend

The business also recently disclosed 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 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Friday, August 16th. Marriott International’s dividend payout ratio is 26.01%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. UBS Group cut their target price on Marriott International from $267.00 to $244.00 and set a “neutral” rating on the stock in a report on Tuesday, August 13th. Deutsche Bank Aktiengesellschaft reduced their target price on Marriott International from $222.00 to $216.00 and set a “hold” rating on the stock in a report on Thursday, August 1st. Truist Financial lowered their price target on shares of Marriott International from $263.00 to $254.00 and set a “hold” rating for the company in a report on Tuesday, August 6th. Macquarie reaffirmed a “neutral” rating and issued a $245.00 price objective on shares of Marriott International in a research note on Friday, August 2nd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Marriott International from $235.00 to $255.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Thirteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $244.44.

View Our Latest Stock Report on Marriott International

About Marriott International

(Free Report)

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.

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Institutional Ownership by Quarter for Marriott International (NASDAQ:MAR)

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