Sargent Investment Group LLC Has $1.27 Million Position in Marriott International, Inc. (NASDAQ:MAR)

Sargent Investment Group LLC cut its stake in Marriott International, Inc. (NASDAQ:MAR) by 27.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,250 shares of the company’s stock after selling 2,008 shares during the quarter. Sargent Investment Group LLC’s holdings in Marriott International were worth $1,269,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of MAR. Norges Bank acquired a new position in shares of Marriott International during the 4th quarter valued at about $461,525,000. Capital International Investors raised its stake in Marriott International by 42.2% during the fourth quarter. Capital International Investors now owns 3,147,501 shares of the company’s stock worth $709,793,000 after acquiring an additional 934,304 shares in the last quarter. Global Assets Advisory LLC bought a new position in Marriott International during the 1st quarter valued at about $153,697,000. Public Employees Retirement Association of Colorado raised its stake in shares of Marriott International by 557.2% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 496,505 shares of the company’s stock valued at $111,967,000 after acquiring an additional 420,962 shares during the last quarter. Finally, Corient Private Wealth LLC boosted its stake in Marriott International by 96.4% in the fourth quarter. Corient Private Wealth LLC now owns 452,763 shares of the company’s stock worth $102,103,000 after purchasing an additional 222,187 shares in the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on MAR. Robert W. Baird reduced their target price on shares of Marriott International from $252.00 to $245.00 and set a “neutral” rating on the stock in a research report on Thursday, August 1st. Sanford C. Bernstein raised Marriott International from a “market perform” rating to an “outperform” rating and upped their price target for the company from $247.00 to $262.00 in a research note on Thursday, August 29th. JPMorgan Chase & Co. lifted their price objective on Marriott International from $235.00 to $255.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. Truist Financial reduced their target price 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. Finally, Susquehanna started coverage on shares of Marriott International in a research note on Friday, June 21st. They set a “neutral” rating and a $255.00 price target for the company. Thirteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $246.18.

Marriott International Stock Performance

NASDAQ:MAR opened at $232.46 on Tuesday. The stock has a 50-day simple moving average of $229.78 and a 200 day simple moving average of $237.95. Marriott International, Inc. has a 52-week low of $180.75 and a 52-week high of $260.57. The company has a market cap of $66.40 billion, a PE ratio of 23.99, a PEG ratio of 5.34 and a beta of 1.59.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $2.50 earnings per share (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 firm had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6.47 billion. During the same period in the previous year, the business earned $2.26 EPS. The company’s revenue was up 6.0% compared to the same quarter last year. On average, research analysts predict that Marriott International, Inc. will post 9.37 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 16th will be issued a dividend of $0.63 per share. The ex-dividend date is Friday, August 16th. This represents a $2.52 dividend on an annualized basis and a yield of 1.08%. Marriott International’s payout ratio is 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.