Dana Investment Advisors Inc. Cuts Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

Dana Investment Advisors Inc. cut its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 8.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 47,982 shares of the company’s stock after selling 4,471 shares during the period. Dana Investment Advisors Inc.’s holdings in Marriott International were worth $11,601,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in MAR. Bangor Savings Bank raised its holdings in shares of Marriott International by 131.1% in the 2nd quarter. Bangor Savings Bank now owns 104 shares of the company’s stock worth $25,000 after purchasing an additional 59 shares during the period. Roble Belko & Company Inc raised its holdings in 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 buying an additional 93 shares during the period. Hantz Financial Services Inc. acquired a new position in Marriott International during the second quarter valued at approximately $26,000. MFA Wealth Advisors LLC purchased a new stake in Marriott International during the second quarter worth approximately $28,000. Finally, Benjamin Edwards Inc. acquired a new stake in shares of Marriott International in the first quarter worth $29,000. 70.70% of the stock is owned by hedge funds and other institutional investors.

Marriott International Stock Performance

NASDAQ:MAR opened at $248.60 on Tuesday. The company has a market capitalization of $71.01 billion, a price-to-earnings ratio of 25.66, a price-to-earnings-growth ratio of 5.68 and a beta of 1.59. Marriott International, Inc. has a one year low of $180.75 and a one year high of $260.57. The stock has a 50-day simple moving average of $229.93 and a 200 day simple moving average of $237.68.

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. The firm had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6.47 billion. Marriott International had a net margin of 12.01% and a negative return on equity of 239.60%. Marriott International’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.26 earnings per share. On average, equities research analysts forecast that Marriott International, Inc. will post 9.37 EPS 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 $0.63 dividend. The ex-dividend date was Friday, August 16th. This represents a $2.52 annualized dividend and a yield of 1.01%. Marriott International’s dividend payout ratio is presently 26.01%.

Analyst Ratings Changes

A number of brokerages recently weighed in on MAR. Macquarie reaffirmed a “neutral” rating and set a $245.00 price target on shares of Marriott International in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft lowered their target price on Marriott International from $222.00 to $216.00 and set a “hold” rating for the company in a research note on Thursday, August 1st. The Goldman Sachs Group began coverage on Marriott International in a research report on Wednesday, September 18th. They set a “buy” rating and a $267.00 price target on the stock. Susquehanna assumed 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. Finally, UBS Group reduced their target price on shares of Marriott International from $267.00 to $244.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 13th. Thirteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Marriott International has an average rating of “Hold” and a consensus target price of $248.65.

Marriott International 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.