First Western Trust Bank Sells 3,027 Shares of Marriott International, Inc. (NASDAQ:MAR)

First Western Trust Bank reduced its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 13.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,886 shares of the company’s stock after selling 3,027 shares during the quarter. First Western Trust Bank’s holdings in Marriott International were worth $4,808,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Bangor Savings Bank increased its stake in shares of 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 buying an additional 59 shares during the period. Roble Belko & Company Inc grew its holdings 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 acquiring an additional 93 shares in the last quarter. Hantz Financial Services Inc. bought a new stake in shares of Marriott International in the 2nd quarter valued at about $26,000. MFA Wealth Advisors LLC purchased a new stake in shares of Marriott International in the 2nd quarter worth approximately $28,000. Finally, Benjamin Edwards Inc. bought a new position in shares of Marriott International during the first quarter valued at approximately $29,000. 70.70% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on MAR shares. UBS Group lowered their target price on Marriott International from $267.00 to $244.00 and set a “neutral” rating for the company in a report on Tuesday, August 13th. Barclays raised their price objective on Marriott International from $240.00 to $251.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 17th. Truist Financial decreased their price target on shares of Marriott International from $263.00 to $254.00 and set a “hold” rating for the company in a research report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Marriott International from $222.00 to $216.00 and set a “hold” rating on the stock in a research report on Thursday, August 1st. Finally, JPMorgan Chase & Co. increased their target price on shares of Marriott International from $235.00 to $255.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. Thirteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Marriott International presently has an average rating of “Hold” and an average price target of $244.44.

Marriott International Stock Performance

Shares of MAR opened at $229.06 on Friday. The stock has a 50-day moving average of $231.35 and a two-hundred day moving average of $238.96. The stock has a market cap of $65.42 billion, a P/E ratio of 23.64, a P/E/G ratio of 5.51 and a beta of 1.59. Marriott International, Inc. has a one year low of $180.75 and a one year high of $260.57.

Marriott International (NASDAQ:MAR) last released its earnings results on Wednesday, July 31st. The company reported $2.50 EPS for the quarter, topping 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 firm had revenue of $6.44 billion during the quarter, compared to the consensus estimate of $6.47 billion. During the same quarter in the previous year, the company posted $2.26 earnings per share. The company’s revenue was up 6.0% compared to the same quarter last year. Analysts predict that Marriott International, Inc. will post 9.37 EPS for the current fiscal year.

Marriott International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 16th will be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.52 annualized dividend and a dividend yield of 1.10%. Marriott International’s dividend payout ratio (DPR) is presently 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.