Whittier Trust Co. Boosts Stake in Marriott International, Inc. (NASDAQ:MAR)

Whittier Trust Co. lifted its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 4.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,854 shares of the company’s stock after purchasing an additional 314 shares during the quarter. Whittier Trust Co.’s holdings in Marriott International were worth $1,704,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Carolina Wealth Advisors LLC grew its stake in Marriott International by 79.4% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 497 shares of the company’s stock worth $124,000 after buying an additional 220 shares in the last quarter. Border to Coast Pensions Partnership Ltd purchased a new position in Marriott International in the third quarter worth $27,284,000. Trilogy Capital Inc. raised its position in Marriott International by 4.5% during the third quarter. Trilogy Capital Inc. now owns 1,426 shares of the company’s stock valued at $354,000 after purchasing an additional 62 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Marriott International by 1.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 14,843 shares of the company’s stock worth $3,690,000 after purchasing an additional 274 shares during the last quarter. Finally, Compass Ion Advisors LLC bought a new position in shares of Marriott International during the 3rd quarter valued at about $244,000. 70.70% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on MAR shares. The Goldman Sachs Group initiated coverage on Marriott International in a research note on Wednesday, September 18th. They issued a “buy” rating and a $267.00 target price for the company. Robert W. Baird set a $258.00 target price on shares of Marriott International in a report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Marriott International from $222.00 to $216.00 and set a “hold” rating for the company in a research report on Thursday, August 1st. Truist Financial decreased their price objective on Marriott International from $263.00 to $254.00 and set a “hold” rating on the stock in a report on Tuesday, August 6th. Finally, Morgan Stanley reduced their price target on Marriott International from $268.00 to $250.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. Thirteen analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Marriott International currently has a consensus rating of “Hold” and a consensus price target of $255.16.

Marriott International Price Performance

Shares of NASDAQ MAR opened at $265.50 on Wednesday. Marriott International, Inc. has a 1 year low of $180.75 and a 1 year high of $266.58. The company’s 50-day moving average is $240.93 and its 200 day moving average is $238.52. The stock has a market capitalization of $75.83 billion, a P/E ratio of 27.40, a P/E/G ratio of 6.15 and a beta of 1.59.

Marriott International (NASDAQ:MAR) last announced its earnings results on Wednesday, July 31st. The company reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.49 by $0.01. The firm had revenue of $6.44 billion during the quarter, compared to analyst estimates of $6.47 billion. Marriott International had a negative return on equity of 239.60% and a net margin of 12.01%. The business’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.26 EPS. Research analysts anticipate that Marriott International, Inc. will post 9.37 earnings per share for the current year.

Marriott International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 16th were given a dividend of $0.63 per share. The ex-dividend date was Friday, August 16th. This represents a $2.52 dividend on an annualized basis and a yield of 0.95%. Marriott International’s dividend payout ratio (DPR) is currently 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.