Signaturefd LLC Lowers Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

Signaturefd LLC reduced its stake in Marriott International, Inc. (NASDAQ:MAR) by 4.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,137 shares of the company’s stock after selling 296 shares during the period. Signaturefd LLC’s holdings in Marriott International were worth $1,484,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. JPMorgan Chase & Co. raised its stake in shares of Marriott International by 1.8% in the first quarter. JPMorgan Chase & Co. now owns 10,616,899 shares of the company’s stock valued at $2,678,750,000 after acquiring an additional 192,652 shares in the last quarter. Capital International Investors raised its stake in Marriott International by 4.7% in the first quarter. Capital International Investors now owns 3,296,879 shares of the company’s stock valued at $831,836,000 after buying an additional 149,378 shares in the last quarter. Parnassus Investments LLC raised its stake in Marriott International by 0.3% in the fourth quarter. Parnassus Investments LLC now owns 2,457,382 shares of the company’s stock valued at $554,164,000 after buying an additional 7,135 shares in the last quarter. Norges Bank acquired a new stake in Marriott International in the fourth quarter valued at $461,525,000. Finally, Charles Schwab Investment Management Inc. raised its stake in Marriott International by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,434,785 shares of the company’s stock valued at $323,558,000 after buying an additional 27,532 shares in the last quarter. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Marriott International Trading Up 1.4 %

MAR stock opened at $234.69 on Friday. The firm has a 50 day moving average of $232.53 and a 200-day moving average of $239.26. Marriott International, Inc. has a 12-month low of $180.75 and a 12-month high of $260.57. The company has a market cap of $67.03 billion, a price-to-earnings ratio of 24.22, a PEG ratio of 4.24 and a beta of 1.60.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data 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 negative return on equity of 239.60% and a net margin of 12.01%. The firm had revenue of $6.44 billion during the quarter, compared to the consensus estimate of $6.47 billion. During the same period in the previous year, the firm posted $2.26 EPS. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. Sell-side analysts forecast that Marriott International, Inc. will post 9.29 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 16th will be issued a $0.63 dividend. The ex-dividend date is Friday, August 16th. This represents a $2.52 annualized dividend and a yield of 1.07%. Marriott International’s dividend payout ratio (DPR) is presently 26.01%.

Analyst Upgrades and Downgrades

MAR has been the topic of a number of analyst reports. Susquehanna initiated coverage on Marriott International in a research note on Friday, June 21st. They issued a “neutral” rating and a $255.00 price target on the stock. Truist Financial dropped their price objective on Marriott International from $263.00 to $254.00 and set a “hold” rating on the stock in a report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft dropped their price objective on Marriott International from $222.00 to $216.00 and set a “hold” rating on the stock in a report on Thursday, August 1st. Macquarie reaffirmed a “neutral” rating and set a $245.00 price objective on shares of Marriott International in a report on Friday, August 2nd. Finally, Sanford C. Bernstein raised Marriott International from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $247.00 to $262.00 in a report on Thursday. Thirteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $244.44.

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