Fulton Bank N.A. Purchases 75 Shares of Marriott International, Inc. (NASDAQ:MAR)

Fulton Bank N.A. raised its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 2.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,481 shares of the company’s stock after buying an additional 75 shares during the period. Fulton Bank N.A.’s holdings in Marriott International were worth $865,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Global Assets Advisory LLC purchased a new stake in Marriott International in the 1st quarter valued at about $153,697,000. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Marriott International by 36,856.7% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 241,327 shares of the company’s stock valued at $58,346,000 after purchasing an additional 240,674 shares during the period. Pathstone Holdings LLC bought a new position in Marriott International in the fourth quarter worth approximately $46,187,000. JPMorgan Chase & Co. increased its holdings in Marriott International by 1.8% during the 1st quarter. JPMorgan Chase & Co. now owns 10,616,899 shares of the company’s stock worth $2,678,750,000 after purchasing an additional 192,652 shares during the period. Finally, Capital International Investors raised its position in Marriott International by 4.7% during the 1st quarter. Capital International Investors now owns 3,296,879 shares of the company’s stock valued at $831,836,000 after purchasing an additional 149,378 shares in the last quarter. Institutional investors own 70.70% of the company’s stock.

Marriott International Trading Up 0.6 %

NASDAQ:MAR opened at $256.58 on Wednesday. The company’s 50 day moving average is $231.29 and its two-hundred day moving average is $237.70. The company has a market cap of $73.28 billion, a PE ratio of 26.48, a P/E/G ratio of 5.68 and a beta of 1.59. Marriott International, Inc. has a twelve month low of $180.75 and a twelve month high of $260.57.

Marriott International (NASDAQ:MAR) last released its 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. The firm 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 revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.26 EPS. As a group, analysts expect that Marriott International, Inc. will post 9.37 EPS for the current fiscal year.

Marriott International Announces Dividend

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

Analyst Ratings Changes

Several brokerages have recently commented on MAR. Barclays raised their price target on Marriott International from $240.00 to $251.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 17th. Sanford C. Bernstein upgraded shares of Marriott International from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $247.00 to $262.00 in a report on Thursday, August 29th. Truist Financial dropped their price objective 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. Wells Fargo & Company reduced their price objective on shares of Marriott International from $248.00 to $238.00 and set an “equal weight” rating for the company in a research note on Thursday, August 1st. Finally, The Goldman Sachs Group started coverage on Marriott International in a report on Wednesday, September 18th. They issued a “buy” rating and a $267.00 price target on the stock. Twelve analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Marriott International currently has an average rating of “Hold” and a consensus target price 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.