KMG Fiduciary Partners LLC Has $9.24 Million Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

KMG Fiduciary Partners LLC increased its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 3.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,182 shares of the company’s stock after acquiring an additional 1,166 shares during the quarter. Marriott International comprises approximately 0.8% of KMG Fiduciary Partners LLC’s investment portfolio, making the stock its 29th biggest holding. KMG Fiduciary Partners LLC’s holdings in Marriott International were worth $9,243,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Global Assets Advisory LLC bought a new position in Marriott International in the 1st quarter valued at approximately $153,697,000. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Marriott International by 36,856.7% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 241,327 shares of the company’s stock worth $58,346,000 after purchasing an additional 240,674 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Marriott International by 1.8% during the 1st quarter. JPMorgan Chase & Co. now owns 10,616,899 shares of the company’s stock worth $2,678,750,000 after buying an additional 192,652 shares in the last quarter. Capital International Investors boosted its stake in Marriott International by 4.7% during the first quarter. Capital International Investors now owns 3,296,879 shares of the company’s stock worth $831,836,000 after acquiring an additional 149,378 shares in the last quarter. Finally, AXA S.A. increased its stake in Marriott International by 133.4% in the second quarter. AXA S.A. now owns 221,045 shares of the company’s stock valued at $53,442,000 after purchasing an additional 126,323 shares in the last quarter. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MAR has been the topic of several research reports. Robert W. Baird set a $258.00 price objective on shares of Marriott International in a research note on Thursday. JPMorgan Chase & Co. raised their target price on Marriott International from $235.00 to $255.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. Barclays increased their price target on shares of Marriott International from $240.00 to $251.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 17th. Sanford C. Bernstein raised shares of Marriott International from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $247.00 to $262.00 in a report on Thursday, August 29th. Finally, Truist Financial cut their target price on Marriott International from $263.00 to $254.00 and set a “hold” rating for the company in a research note on Tuesday, August 6th. Twelve investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $249.41.

Marriott International Price Performance

MAR stock opened at $265.60 on Friday. Marriott International, Inc. has a 1 year low of $180.75 and a 1 year high of $266.58. The firm has a 50-day moving average of $238.95 and a 200 day moving average of $238.48. The company has a market cap of $75.86 billion, a P/E ratio of 27.41, a PEG ratio of 6.15 and a beta of 1.59.

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

Marriott International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 16th were given a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.52 dividend on an annualized basis and a yield of 0.95%. 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, City Express by Marriott, and St.