Cape ANN Savings Bank Buys 96 Shares of Marriott International, Inc. (NASDAQ:MAR)

Cape ANN Savings Bank grew its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 1.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 5,908 shares of the company’s stock after buying an additional 96 shares during the period. Cape ANN Savings Bank’s holdings in Marriott International were worth $1,469,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Brookstone Capital Management boosted its stake in Marriott International by 9.7% in the third quarter. Brookstone Capital Management now owns 3,769 shares of the company’s stock worth $937,000 after buying an additional 334 shares in the last quarter. Country Trust Bank lifted its holdings in shares of Marriott International by 174,100.0% in the 3rd quarter. Country Trust Bank now owns 3,484 shares of the company’s stock worth $866,000 after acquiring an additional 3,482 shares during the last quarter. Fulton Bank N.A. boosted its stake in shares of 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 purchasing an additional 75 shares in the last quarter. McLean Asset Management Corp bought a new position in shares of Marriott International during the 3rd quarter valued at $209,000. Finally, Miracle Mile Advisors LLC raised its position in Marriott International by 10.1% in the 3rd quarter. Miracle Mile Advisors LLC now owns 3,027 shares of the company’s stock worth $752,000 after purchasing an additional 278 shares during the period. 70.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on MAR shares. JPMorgan Chase & Co. raised their price target on Marriott International from $235.00 to $255.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. Morgan Stanley decreased their target price on shares of Marriott International from $268.00 to $250.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. Macquarie reissued a “neutral” rating and issued a $245.00 price target on shares of Marriott International in a report on Friday, August 2nd. Truist Financial lowered their price objective 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, The Goldman Sachs Group began coverage on Marriott International in a report on Wednesday, September 18th. They set a “buy” rating and a $267.00 price target on the stock. Twelve research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $248.65.

Marriott International Stock Up 0.6 %

NASDAQ:MAR opened at $256.58 on Wednesday. The stock has a market cap of $73.28 billion, a price-to-earnings ratio of 26.48, a PEG ratio of 5.68 and a beta of 1.59. Marriott International, Inc. has a 52 week low of $180.75 and a 52 week high of $260.57. The company’s 50 day moving average price is $231.29 and its 200-day moving average price is $237.70.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Wednesday, July 31st. The company reported $2.50 EPS for the quarter, beating the consensus estimate of $2.49 by $0.01. The company had revenue of $6.44 billion for the quarter, compared to analysts’ expectations of $6.47 billion. Marriott International had a negative return on equity of 239.60% and a net margin of 12.01%. Marriott International’s revenue was up 6.0% compared to the same quarter last year. During the same period last year, the firm posted $2.26 earnings per share. As a group, sell-side analysts anticipate that Marriott International, Inc. will post 9.37 earnings per share for the current year.

Marriott International Announces Dividend

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

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.