Country Trust Bank Has $866,000 Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

Country Trust Bank raised its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 174,100.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,484 shares of the company’s stock after acquiring an additional 3,482 shares during the quarter. Country Trust Bank’s holdings in Marriott International were worth $866,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Fulton Bank N.A. increased its stake in Marriott International by 2.2% in the 3rd quarter. Fulton Bank N.A. now owns 3,481 shares of the company’s stock valued at $865,000 after buying an additional 75 shares during the last quarter. McLean Asset Management Corp bought a new position in shares of Marriott International in the 3rd quarter valued at about $209,000. Miracle Mile Advisors LLC raised its holdings in Marriott International by 10.1% during the third quarter. Miracle Mile Advisors LLC now owns 3,027 shares of the company’s stock worth $752,000 after acquiring an additional 278 shares in the last quarter. GAMMA Investing LLC boosted its position in Marriott International by 9.4% during the third quarter. GAMMA Investing LLC now owns 2,410 shares of the company’s stock valued at $599,000 after purchasing an additional 207 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its stake in Marriott International by 5.4% in the third quarter. Handelsbanken Fonder AB now owns 68,553 shares of the company’s stock valued at $17,042,000 after purchasing an additional 3,534 shares in the last quarter. Institutional investors own 70.70% of the company’s stock.

Marriott International Stock Up 0.6 %

Shares of Marriott International stock opened at $256.58 on Wednesday. The company has a 50-day simple moving average of $231.29 and a two-hundred day simple moving average of $237.70. Marriott International, Inc. has a twelve month low of $180.75 and a twelve month high of $260.57. The stock has a market capitalization of $73.28 billion, a price-to-earnings ratio of 26.48, a price-to-earnings-growth ratio of 5.68 and a beta of 1.59.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.49 by $0.01. The business had revenue of $6.44 billion for 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 firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.26 earnings per share. On average, sell-side analysts anticipate that Marriott International, Inc. will post 9.37 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 16th were given a dividend of $0.63 per share. The ex-dividend date was Friday, August 16th. This represents a $2.52 annualized dividend and a yield of 0.98%. Marriott International’s dividend payout ratio is 26.01%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. UBS Group cut their price objective on Marriott International from $267.00 to $244.00 and set a “neutral” rating for the company in a report on Tuesday, August 13th. Susquehanna began coverage on shares of Marriott International in a research report on Friday, June 21st. They issued a “neutral” rating and a $255.00 price objective for the company. Barclays upped their target price on shares of Marriott International from $240.00 to $251.00 and gave the company an “equal weight” rating in a report on Wednesday, July 17th. Robert W. Baird reduced their price target on Marriott International from $252.00 to $245.00 and set a “neutral” rating for the company in a report on Thursday, August 1st. Finally, Truist Financial dropped their price objective on Marriott International from $263.00 to $254.00 and set a “hold” rating on the stock in a research note on Tuesday, August 6th. Twelve analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $248.65.

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.