Marriott International, Inc. (NASDAQ:MAR) Shares Sold by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. reduced its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 35.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,267 shares of the company’s stock after selling 700 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Marriott International were worth $306,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Bangor Savings Bank boosted its holdings in Marriott International by 131.1% during 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 boosted its stake in shares of 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. acquired a new position in shares of Marriott International in the second quarter valued at approximately $26,000. MFA Wealth Advisors LLC acquired a new stake in Marriott International during the 2nd quarter worth approximately $28,000. Finally, Benjamin Edwards Inc. purchased a new position in Marriott International in the 1st quarter valued at approximately $29,000. 70.70% of the stock is owned by institutional investors and hedge funds.

Marriott International Stock Performance

Shares of Marriott International stock opened at $238.74 on Thursday. The company has a market capitalization of $68.19 billion, a P/E ratio of 24.64, a PEG ratio of 5.34 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. The company’s fifty day moving average is $229.67 and its two-hundred day moving average is $237.85.

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, beating the consensus estimate of $2.49 by $0.01. Marriott International had a negative return on equity of 239.60% and a net margin of 12.01%. The firm had revenue of $6.44 billion for the quarter, compared to analysts’ expectations of $6.47 billion. During the same quarter in the previous year, the firm posted $2.26 EPS. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, equities analysts expect that Marriott International, Inc. will post 9.37 earnings per share for the current year.

Marriott International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 16th will be given a dividend of $0.63 per share. The ex-dividend date is Friday, August 16th. This represents a $2.52 dividend on an annualized basis and a yield of 1.06%. Marriott International’s payout ratio is currently 26.01%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MAR. The Goldman Sachs Group began coverage on Marriott International in a research note on Wednesday. They issued a “buy” rating and a $267.00 price objective on the stock. Morgan Stanley decreased their price objective on Marriott International from $268.00 to $250.00 and set an “overweight” rating for the company in a research note on Tuesday, August 6th. Robert W. Baird cut their target price on shares of Marriott International from $252.00 to $245.00 and set a “neutral” rating on the stock in a research note on Thursday, August 1st. Truist Financial decreased their price target on shares of Marriott International from $263.00 to $254.00 and set a “hold” rating for the company in a research note on Tuesday, August 6th. Finally, Barclays lifted their price objective on shares of Marriott International from $240.00 to $251.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 17th. Thirteen analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Marriott International has a consensus rating of “Hold” and a consensus target price of $247.33.

Marriott International Company 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, City Express by Marriott, and St.