Marriott International, Inc. (NASDAQ:MAR) Stock Position Raised by Segment Wealth Management LLC

Segment Wealth Management LLC boosted its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 1.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 58,387 shares of the company’s stock after buying an additional 1,100 shares during the quarter. Segment Wealth Management LLC’s holdings in Marriott International were worth $14,515,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of MAR. Rockland Trust Co. lifted its position in Marriott International by 2.3% in the 2nd quarter. Rockland Trust Co. now owns 1,802 shares of the company’s stock worth $436,000 after buying an additional 41 shares in the last quarter. Kathmere Capital Management LLC boosted its stake in shares of Marriott International by 1.2% during the 1st quarter. Kathmere Capital Management LLC now owns 3,599 shares of the company’s stock worth $908,000 after acquiring an additional 42 shares in the last quarter. Park Avenue Securities LLC increased its holdings in shares of Marriott International by 1.4% during the 2nd quarter. Park Avenue Securities LLC now owns 3,298 shares of the company’s stock valued at $797,000 after acquiring an additional 46 shares during the last quarter. SeaCrest Wealth Management LLC lifted its holdings in Marriott International by 1.5% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 3,075 shares of the company’s stock worth $743,000 after purchasing an additional 46 shares during the last quarter. Finally, Quent Capital LLC grew its holdings in Marriott International by 7.9% during the first quarter. Quent Capital LLC now owns 644 shares of the company’s stock valued at $162,000 after purchasing an additional 47 shares during the last quarter. 70.70% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on MAR. Wells Fargo & Company boosted their price objective on shares of Marriott International from $238.00 to $261.00 and gave the stock an “equal weight” rating in a research note on Tuesday. UBS Group reduced their price objective on shares of Marriott International from $267.00 to $244.00 and set a “neutral” rating for the company in a report on Tuesday, August 13th. Truist Financial lowered their price target on Marriott International from $263.00 to $254.00 and set a “hold” rating on the stock in a research report on Tuesday, August 6th. Bank of America raised their price objective on shares of Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a report on Monday. Finally, Sanford C. Bernstein upgraded Marriott International from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $247.00 to $262.00 in a research report on Thursday, August 29th. Thirteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $255.16.

Marriott International Price Performance

Shares of NASDAQ:MAR opened at $265.50 on Wednesday. The stock has a market cap of $75.83 billion, a price-to-earnings ratio of 27.40, a P/E/G ratio of 6.15 and a beta of 1.59. The company has a 50 day moving average of $240.93 and a 200-day moving average of $238.52. Marriott International, Inc. has a one year low of $180.75 and a one year high of $266.58.

Marriott International (NASDAQ:MAR) last issued 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. Marriott International had a net margin of 12.01% and a negative return on equity of 239.60%. The company had revenue of $6.44 billion during the quarter, compared to analysts’ expectations of $6.47 billion. During the same quarter in the previous year, the company posted $2.26 EPS. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. Equities research analysts anticipate that Marriott International, Inc. will post 9.37 earnings per share for the current year.

Marriott International Announces Dividend

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