Marcum Wealth LLC Sells 144 Shares of Marriott International, Inc. (NASDAQ:MAR)

Marcum Wealth LLC decreased its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 5.3% in the second quarter, Holdings Channel reports. The fund owned 2,588 shares of the company’s stock after selling 144 shares during the period. Marcum Wealth LLC’s holdings in Marriott International were worth $626,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Norges Bank bought a new stake in Marriott International during the fourth quarter worth about $461,525,000. Jennison Associates LLC raised its holdings in shares of Marriott International by 34.8% during the fourth quarter. Jennison Associates LLC now owns 4,547,098 shares of the company’s stock worth $1,025,416,000 after acquiring an additional 1,173,028 shares during the period. Capital International Investors grew its position in Marriott International by 42.2% in the fourth quarter. Capital International Investors now owns 3,147,501 shares of the company’s stock valued at $709,793,000 after purchasing an additional 934,304 shares in the last quarter. Global Assets Advisory LLC bought a new position in shares of Marriott International in the 1st quarter valued at about $153,697,000. Finally, Public Employees Retirement Association of Colorado boosted its holdings in shares of Marriott International by 557.2% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 496,505 shares of the company’s stock worth $111,967,000 after buying an additional 420,962 shares during the period. Institutional investors and hedge funds own 70.70% of the company’s stock.

Analysts Set New Price Targets

MAR has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Marriott International from $222.00 to $216.00 and set a “hold” rating for the company in a research note on Thursday. Susquehanna initiated coverage on shares of Marriott International in a research note on Friday, June 21st. They issued a “neutral” rating and a $255.00 price objective for the company. Wells Fargo & Company dropped their price objective on shares of Marriott International from $248.00 to $238.00 and set an “equal weight” rating for the company in a research note on Thursday. Barclays boosted their target price on shares of Marriott International from $240.00 to $251.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 17th. Finally, Robert W. Baird lowered their price objective on shares of Marriott International from $252.00 to $245.00 and set a “neutral” rating for the company in a research report on Thursday. Fifteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $241.42.

Marriott International Stock Performance

MAR traded down $2.32 on Monday, reaching $211.35. The company had a trading volume of 4,057,247 shares, compared to its average volume of 1,509,090. The business has a 50 day simple moving average of $237.97 and a 200 day simple moving average of $242.00. The company has a market cap of $60.37 billion, a price-to-earnings ratio of 21.81, a P/E/G ratio of 4.24 and a beta of 1.60. Marriott International, Inc. has a 52-week low of $180.75 and a 52-week high of $260.57.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $2.50 EPS for the quarter, topping the consensus estimate of $2.49 by $0.01. The firm had revenue of $6.44 billion for the quarter, compared to the consensus estimate of $6.47 billion. Marriott International had a net margin of 12.01% and a negative return on equity of 239.60%. The business’s revenue was up 6.0% compared to the same quarter last year. During the same period last year, the firm posted $2.26 earnings per share. As a group, equities research analysts predict that Marriott International, Inc. will post 9.29 EPS for the current fiscal year.

Marriott International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 16th will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend is Friday, August 16th. Marriott International’s dividend payout ratio (DPR) is currently 26.01%.

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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.