Cetera Investment Advisers Has $13.23 Million Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

Cetera Investment Advisers lowered its stake in Marriott International, Inc. (NASDAQ:MAR) by 6.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 54,707 shares of the company’s stock after selling 3,740 shares during the quarter. Cetera Investment Advisers’ holdings in Marriott International were worth $13,227,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

A number of analysts recently commented on the stock. UBS Group lowered their price objective on shares of Marriott International from $267.00 to $244.00 and set a “neutral” rating for the company in a research report on Tuesday, August 13th. Deutsche Bank Aktiengesellschaft dropped their price target on Marriott International from $222.00 to $216.00 and set a “hold” rating on the stock in a research report on Thursday, August 1st. The Goldman Sachs Group assumed coverage on Marriott International in a research report on Wednesday, September 18th. They issued a “buy” rating and a $267.00 price objective for the company. Susquehanna started coverage on shares of Marriott International in a report on Friday, June 21st. They set a “neutral” rating and a $255.00 target price on the stock. Finally, Truist Financial reduced their price target on shares of Marriott International from $263.00 to $254.00 and set a “hold” rating for the company in a report on Tuesday, August 6th. Thirteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $248.65.

Marriott International Trading Up 2.1 %

NASDAQ MAR opened at $254.61 on Friday. The company has a market cap of $72.72 billion, a PE ratio of 26.28, a PEG ratio of 5.68 and a beta of 1.59. Marriott International, Inc. has a 12 month low of $180.75 and a 12 month high of $260.57. The stock has a 50 day moving average of $230.95 and a 200-day moving average of $237.90.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Wednesday, July 31st. The company reported $2.50 earnings per share for the quarter, topping 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 analyst estimates of $6.47 billion. During the same period in the previous year, the business earned $2.26 EPS. Marriott International’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, sell-side analysts predict that Marriott International, Inc. will post 9.37 EPS for the current fiscal year.

Marriott International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, August 16th were paid a dividend of $0.63 per share. The ex-dividend date was Friday, August 16th. This represents a $2.52 annualized dividend and a dividend yield of 0.99%. Marriott International’s dividend payout ratio is currently 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.