Marriott International, Inc. (NASDAQ:MAR) Shares Sold by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC trimmed its stake in Marriott International, Inc. (NASDAQ:MAR) by 2.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,830 shares of the company’s stock after selling 127 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Marriott International were worth $1,410,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of MAR. Roble Belko & Company Inc boosted its position in shares of Marriott International by 845.5% in the first quarter. Roble Belko & Company Inc now owns 104 shares of the company’s stock worth $26,000 after buying an additional 93 shares during the period. Bangor Savings Bank lifted its stake in Marriott International by 131.1% in the second quarter. Bangor Savings Bank now owns 104 shares of the company’s stock valued at $25,000 after acquiring an additional 59 shares during the last quarter. Benjamin Edwards Inc. acquired a new position in shares of Marriott International during the 1st quarter worth $29,000. MFA Wealth Advisors LLC bought a new stake in shares of Marriott International during the 2nd quarter worth about $28,000. Finally, Annapolis Financial Services LLC acquired a new position in shares of Marriott International during the 1st quarter valued at about $34,000. 70.70% of the stock is owned by hedge funds and other institutional investors.

Marriott International Stock Down 0.3 %

Shares of Marriott International stock opened at $224.67 on Tuesday. The stock has a market capitalization of $64.17 billion, a P/E ratio of 23.19, a price-to-earnings-growth ratio of 4.24 and a beta of 1.60. The company has a 50-day simple moving average of $233.41 and a 200 day simple moving average of $239.53. Marriott International, Inc. has a 12-month low of $180.75 and a 12-month high of $260.57.

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

Marriott International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 16th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date is Friday, August 16th. Marriott International’s dividend payout ratio is currently 26.01%.

Analyst Ratings Changes

MAR has been the subject of a number of recent analyst reports. Susquehanna initiated coverage on Marriott International in a research report on Friday, June 21st. They set a “neutral” rating and a $255.00 target price for the company. Wells Fargo & Company decreased their target price on Marriott International from $248.00 to $238.00 and set an “equal weight” rating for the company in a research note on Thursday, August 1st. Morgan Stanley lowered their price objective on shares of Marriott International from $268.00 to $250.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. Macquarie restated a “neutral” rating and issued a $245.00 price target on shares of Marriott International in a research report on Friday, August 2nd. Finally, Mizuho upped their price objective on shares of Marriott International from $260.00 to $265.00 and gave the company a “neutral” rating in a research report on Thursday, May 2nd. Fourteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $242.39.

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.