170 Shares in Marriott International, Inc. (NASDAQ:MAR) Acquired by Kimelman & Baird LLC

Kimelman & Baird LLC bought a new position in shares of Marriott International, Inc. (NASDAQ:MAR) in the second quarter, according to the company in its most recent filing with the SEC. The firm bought 170 shares of the company’s stock, valued at approximately $41,000.

Several other large investors have also recently added to or reduced their stakes in the company. Quarry LP raised its position in Marriott International by 138.3% in the 2nd quarter. Quarry LP now owns 765 shares of the company’s stock valued at $185,000 after purchasing an additional 444 shares during the last quarter. Invst LLC raised its holdings in shares of Marriott International by 7.1% in the second quarter. Invst LLC now owns 8,006 shares of the company’s stock valued at $1,918,000 after buying an additional 530 shares during the last quarter. Sunbelt Securities Inc. grew its holdings in Marriott International by 75.0% during the 2nd quarter. Sunbelt Securities Inc. now owns 301 shares of the company’s stock worth $73,000 after acquiring an additional 129 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Marriott International by 7.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 14,139 shares of the company’s stock valued at $3,418,000 after acquiring an additional 1,028 shares in the last quarter. Finally, Creative Planning lifted its position in shares of Marriott International by 19.0% during the second quarter. Creative Planning now owns 93,482 shares of the company’s stock worth $22,601,000 after purchasing an additional 14,897 shares in the last quarter. 70.70% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Truist Financial decreased their price target 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 lowered their target price on shares of Marriott International from $222.00 to $216.00 and set a “hold” rating for the company in a report on Thursday, August 1st. UBS Group reduced their price target on Marriott International from $267.00 to $244.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 13th. The Goldman Sachs Group started coverage on Marriott International in a research note on Wednesday, September 18th. They issued a “buy” rating and a $267.00 target price on the stock. Finally, Robert W. Baird lowered their price target on Marriott International from $252.00 to $245.00 and set a “neutral” rating for the company in a research note on Thursday, August 1st. Thirteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $248.65.

Marriott International Trading Down 1.8 %

Shares of NASDAQ MAR opened at $248.60 on Tuesday. The company has a fifty day moving average price of $229.93 and a 200 day moving average price of $237.68. Marriott International, Inc. has a 1-year low of $180.75 and a 1-year high of $260.57. The firm has a market cap of $71.01 billion, a PE ratio of 25.66, a PEG ratio of 5.68 and a beta of 1.59.

Marriott International (NASDAQ:MAR) last released its earnings results on Wednesday, July 31st. The company reported $2.50 EPS for the quarter, beating the consensus estimate of $2.49 by $0.01. The firm had revenue of $6.44 billion for 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 quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.26 EPS. Equities research analysts forecast that Marriott International, Inc. will post 9.37 EPS for the current year.

Marriott International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, August 16th were given a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.52 annualized dividend and a yield of 1.01%. Marriott International’s dividend payout ratio (DPR) is presently 26.01%.

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, City Express by Marriott, and St.