Amalgamated Bank Has $11.63 Million Holdings in Marriott International, Inc. (NASDAQ:MAR)

Amalgamated Bank lessened its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 9.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 48,092 shares of the company’s stock after selling 5,089 shares during the period. Amalgamated Bank’s holdings in Marriott International were worth $11,627,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MAR. Bangor Savings Bank grew its stake in Marriott International by 131.1% in the second 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 grew its position in Marriott International by 845.5% in the 1st 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 Marriott International during the second quarter worth $26,000. MFA Wealth Advisors LLC bought a new position in shares of Marriott International in the second quarter valued at $28,000. Finally, Benjamin Edwards Inc. bought a new stake in shares of Marriott International during the first quarter worth about $29,000. 70.70% of the stock is owned by institutional investors.

Marriott International Stock Up 1.3 %

NASDAQ MAR opened at $238.74 on Thursday. The company has a market cap of $68.19 billion, a PE ratio of 24.64, a price-to-earnings-growth ratio of 5.34 and a beta of 1.59. The firm’s 50-day simple moving average is $229.67 and its two-hundred day simple moving average is $237.85. Marriott International, Inc. has a 52 week low of $180.75 and a 52 week high of $260.57.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Wednesday, July 31st. The company reported $2.50 EPS 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 during the quarter, compared to the consensus estimate of $6.47 billion. During the same period last year, the firm earned $2.26 EPS. Marriott International’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, equities research analysts anticipate that Marriott International, Inc. will post 9.37 EPS for the current year.

Marriott International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 16th will be issued 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 dividend payout ratio (DPR) is 26.01%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on MAR shares. Morgan Stanley dropped their target price on Marriott International from $268.00 to $250.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. Wells Fargo & Company cut their price target on shares of Marriott International from $248.00 to $238.00 and set an “equal weight” rating on the stock in a report on Thursday, August 1st. Sanford C. Bernstein raised shares of Marriott International from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $247.00 to $262.00 in a research report on Thursday, August 29th. JPMorgan Chase & Co. upped their target price on Marriott International from $235.00 to $255.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Finally, UBS Group dropped their price target on Marriott International from $267.00 to $244.00 and set a “neutral” rating on the stock in a report on Tuesday, August 13th. Thirteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Marriott International has an average rating of “Hold” and a consensus target price of $247.33.

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.