Marietta Wealth Management LLC Buys 985 Shares of Marriott International, Inc. (NASDAQ:MAR)

Marietta Wealth Management LLC lifted its position in Marriott International, Inc. (NASDAQ:MAR) by 5.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,874 shares of the company’s stock after acquiring an additional 985 shares during the period. Marietta Wealth Management LLC’s holdings in Marriott International were worth $4,692,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of MAR. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Marriott International by 36,856.7% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 241,327 shares of the company’s stock valued at $58,346,000 after purchasing an additional 240,674 shares during the period. JPMorgan Chase & Co. increased its position in shares of Marriott International by 1.8% during the first quarter. JPMorgan Chase & Co. now owns 10,616,899 shares of the company’s stock worth $2,678,750,000 after acquiring an additional 192,652 shares in the last quarter. Capital International Investors raised its holdings in shares of 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 during the period. AXA S.A. boosted its stake in Marriott International by 133.4% in the 2nd quarter. AXA S.A. now owns 221,045 shares of the company’s stock worth $53,442,000 after purchasing an additional 126,323 shares during the period. Finally, Border to Coast Pensions Partnership Ltd bought a new position in Marriott International during the 3rd quarter worth about $27,284,000. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Barclays upped their price objective on Marriott International from $240.00 to $251.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 17th. UBS Group cut their price objective on shares of Marriott International from $267.00 to $244.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 13th. Morgan Stanley decreased their target price on shares of Marriott International from $268.00 to $250.00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. Wells Fargo & Company boosted their price target on shares of Marriott International from $238.00 to $261.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Marriott International from $222.00 to $216.00 and set a “hold” rating for the company in a report on Thursday, August 1st. Thirteen analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $255.16.

Marriott International Stock Performance

Shares of MAR stock opened at $265.50 on Wednesday. The company has a market capitalization of $75.83 billion, a price-to-earnings ratio of 27.40, a PEG ratio of 6.15 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 company has a 50-day simple moving average of $240.93 and a 200 day simple moving average of $238.52.

Marriott International (NASDAQ:MAR) last posted its earnings results on Wednesday, July 31st. The company reported $2.50 EPS for the quarter, beating the consensus estimate of $2.49 by $0.01. The company had revenue of $6.44 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.26 earnings per share. Sell-side analysts forecast that Marriott International, Inc. will post 9.37 EPS for the current year.

Marriott International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, August 16th were given a $0.63 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.95%. Marriott International’s payout ratio is presently 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, City Express by Marriott, and St.