Mayflower Financial Advisors LLC Raises Holdings in Marriott International, Inc. (NASDAQ:MAR)

Mayflower Financial Advisors LLC increased its holdings in Marriott International, Inc. (NASDAQ:MAR) by 4.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 1,331 shares of the company’s stock after acquiring an additional 54 shares during the period. Mayflower Financial Advisors LLC’s holdings in Marriott International were worth $322,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in MAR. Range Financial Group LLC boosted its position in shares of Marriott International by 3.5% during the second quarter. Range Financial Group LLC now owns 9,646 shares of the company’s stock worth $2,332,000 after buying an additional 324 shares during the period. TD Asset Management Inc boosted its position in shares of Marriott International by 13.6% during the second quarter. TD Asset Management Inc now owns 114,776 shares of the company’s stock worth $27,749,000 after buying an additional 13,717 shares during the period. Markel Group Inc. boosted its position in shares of Marriott International by 144.4% during the second quarter. Markel Group Inc. now owns 22,000 shares of the company’s stock worth $5,319,000 after buying an additional 13,000 shares during the period. Archer Investment Corp purchased a new position in shares of Marriott International during the second quarter worth $324,000. Finally, Founders Financial Securities LLC purchased a new position in shares of Marriott International during the second quarter worth $1,245,000. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Wells Fargo & Company lowered their price target on 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 decreased their target price on Marriott International from $222.00 to $216.00 and set a “hold” rating for the company in a report on Thursday, August 1st. Sanford C. Bernstein upgraded Marriott International from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $247.00 to $262.00 in a report on Thursday, August 29th. Barclays lifted their target price on Marriott International from $240.00 to $251.00 and gave the company an “equal weight” rating in a report on Wednesday, July 17th. Finally, JPMorgan Chase & Co. lifted their target price on 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 issued a buy rating to the stock. According to data from MarketBeat, Marriott International presently has a consensus rating of “Hold” and an average price target of $244.44.

Marriott International Stock Performance

MAR opened at $229.06 on Friday. The business’s 50-day simple moving average is $231.35 and its 200-day simple moving average is $238.96. Marriott International, Inc. has a one year low of $180.75 and a one year high of $260.57. The stock has a market capitalization of $65.42 billion, a P/E ratio of 23.64, a price-to-earnings-growth ratio of 5.51 and a beta of 1.59.

Marriott International (NASDAQ:MAR) last posted 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 business had revenue of $6.44 billion for the quarter, compared to analysts’ expectations of $6.47 billion. During the same quarter in the previous year, the firm earned $2.26 earnings per share. The business’s revenue was up 6.0% compared to the same quarter last year. On average, equities research analysts forecast that Marriott International, Inc. will post 9.37 EPS for the current fiscal year.

Marriott International Dividend Announcement

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