108 Shares in Marriott International, Inc. (NASDAQ:MAR) Bought by Hantz Financial Services Inc.

Hantz Financial Services Inc. purchased a new position in shares of Marriott International, Inc. (NASDAQ:MAR) during the 2nd quarter, Holdings Channel.com reports. The firm purchased 108 shares of the company’s stock, valued at approximately $26,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MAR. Roble Belko & Company Inc increased its stake in Marriott International by 845.5% in the first quarter. Roble Belko & Company Inc now owns 104 shares of the company’s stock valued at $26,000 after purchasing an additional 93 shares during the period. Bangor Savings Bank increased 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 purchasing an additional 59 shares during the period. Benjamin Edwards Inc. acquired a new position in Marriott International in the first quarter valued at $29,000. MFA Wealth Advisors LLC acquired a new position in Marriott International in the second quarter valued at $28,000. Finally, Annapolis Financial Services LLC acquired a new position in Marriott International in the first quarter valued at $34,000. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Marriott International Price Performance

Shares of NASDAQ MAR opened at $230.72 on Wednesday. Marriott International, Inc. has a 12-month low of $180.75 and a 12-month high of $260.57. The company has a market capitalization of $64.95 billion, a PE ratio of 23.81, a price-to-earnings-growth ratio of 5.51 and a beta of 1.60. The firm’s 50-day moving average is $231.86 and its two-hundred day moving average is $239.10.

Marriott International (NASDAQ:MAR) last announced 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 company had revenue of $6.44 billion for the quarter, compared to the consensus estimate of $6.47 billion. During the same quarter in the prior year, the firm earned $2.26 earnings per share. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, analysts forecast that Marriott International, Inc. will post 9.37 EPS for the current fiscal year.

Marriott International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 16th will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.09%. The ex-dividend date is Friday, August 16th. Marriott International’s payout ratio is 26.01%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Robert W. Baird dropped their price target on shares of Marriott International from $252.00 to $245.00 and set a “neutral” rating on the stock in a research note on Thursday, August 1st. Truist Financial dropped their price target 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. UBS Group dropped their price target on shares of Marriott International from $267.00 to $244.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 13th. Sanford C. Bernstein upgraded shares of Marriott International from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $247.00 to $262.00 in a research note on Thursday, August 29th. Finally, Macquarie reiterated a “neutral” rating and set a $245.00 price target on shares of Marriott International in a research note on Friday, August 2nd. Thirteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to 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.