Lake Street Advisors Group LLC Sells 131 Shares of Marriott International, Inc. (NASDAQ:MAR)

Lake Street Advisors Group LLC decreased its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 3.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 3,727 shares of the company’s stock after selling 131 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Marriott International were worth $927,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of MAR. Bangor Savings Bank grew its holdings in shares of Marriott International by 131.1% in 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. Hantz Financial Services Inc. acquired a new stake in Marriott International in the 2nd quarter valued at about $26,000. MFA Wealth Advisors LLC acquired a new stake in Marriott International during the second quarter worth approximately $28,000. Annapolis Financial Services LLC acquired a new stake in Marriott International during the first quarter worth approximately $34,000. Finally, Unique Wealth Strategies LLC acquired a new stake in Marriott International during the second quarter worth approximately $35,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Stock Performance

MAR stock opened at $262.12 on Friday. The firm has a market cap of $74.87 billion, a P/E ratio of 27.05, a P/E/G ratio of 6.36 and a beta of 1.59. Marriott International, Inc. has a 52 week low of $180.75 and a 52 week high of $266.58. The firm’s fifty day moving average is $242.52 and its 200 day moving average is $238.81.

Marriott International (NASDAQ:MAR) last issued its earnings results on Wednesday, July 31st. The company reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.49 by $0.01. Marriott International had a net margin of 12.01% and a negative return on equity of 239.60%. The firm had revenue of $6.44 billion for the quarter, compared to the consensus estimate of $6.47 billion. During the same quarter in the prior year, the firm posted $2.26 earnings per share. The business’s revenue was up 6.0% on a year-over-year basis. As a group, analysts forecast that Marriott International, Inc. will post 9.37 EPS for the current year.

Marriott International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders 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 annualized dividend and a yield of 0.96%. Marriott International’s dividend payout ratio (DPR) is currently 26.01%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MAR. Morgan Stanley decreased their price objective on shares of Marriott International from $268.00 to $250.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. Truist Financial decreased their price objective on shares of Marriott International from $263.00 to $254.00 and set a “hold” rating on the stock in a research note on Tuesday, August 6th. Robert W. Baird set a $258.00 target price on shares of Marriott International in a research note on Thursday, October 17th. Barclays boosted their target price on shares of Marriott International from $240.00 to $251.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 17th. Finally, The Goldman Sachs Group began coverage on shares of Marriott International in a research note on Wednesday, September 18th. They set a “buy” rating and a $267.00 target price on the stock. Thirteen analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Marriott International currently has an average rating of “Hold” and a consensus target price of $256.39.

Marriott International Company 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.