Arizona State Retirement System Sells 303 Shares of Marriott International, Inc. (NASDAQ:MAR)

Arizona State Retirement System trimmed its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 0.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 71,336 shares of the company’s stock after selling 303 shares during the quarter. Arizona State Retirement System’s holdings in Marriott International were worth $17,247,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bangor Savings Bank increased its position in Marriott International by 131.1% in the 2nd 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 period. Roble Belko & Company Inc increased its holdings 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. Hantz Financial Services Inc. bought a new position in Marriott International during the 2nd quarter worth $26,000. MFA Wealth Advisors LLC bought a new stake in shares of Marriott International in the 2nd quarter valued at about $28,000. Finally, Benjamin Edwards Inc. acquired a new stake in shares of Marriott International in the first quarter valued at about $29,000. 70.70% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on MAR shares. JPMorgan Chase & Co. increased their target price on shares of Marriott International from $235.00 to $255.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. Sanford C. Bernstein upgraded shares of Marriott International from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $247.00 to $262.00 in a report on Thursday, August 29th. Morgan Stanley decreased their price target on Marriott International from $268.00 to $250.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. Macquarie restated a “neutral” rating and set a $245.00 target price on shares of Marriott International in a research report on Friday, August 2nd. Finally, Barclays lifted their target price on Marriott International from $240.00 to $251.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 17th. Thirteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $244.44.

Marriott International Trading Down 0.6 %

Marriott International stock opened at $227.60 on Friday. The firm’s fifty day moving average price is $231.07 and its two-hundred day moving average price is $238.86. The firm has a market capitalization of $65.01 billion, a price-to-earnings ratio of 23.49, a price-to-earnings-growth ratio of 5.51 and a beta of 1.59. Marriott International, Inc. has a 1-year low of $180.75 and a 1-year 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 (EPS) for the quarter, beating analysts’ consensus estimates of $2.49 by $0.01. The business had revenue of $6.44 billion during the quarter, compared to the consensus estimate of $6.47 billion. Marriott International had a negative return on equity of 239.60% and a net margin of 12.01%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.26 EPS. On average, research analysts forecast that Marriott International, Inc. will post 9.37 EPS for the current year.

Marriott International Announces Dividend

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 paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend is Friday, August 16th. Marriott International’s dividend payout ratio (DPR) is presently 26.01%.

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