State of Alaska Department of Revenue Purchases 1,050 Shares of Marriott International, Inc. (NASDAQ:MAR)

State of Alaska Department of Revenue lifted its position in Marriott International, Inc. (NASDAQ:MAR) by 4.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,144 shares of the company’s stock after purchasing an additional 1,050 shares during the quarter. State of Alaska Department of Revenue’s holdings in Marriott International were worth $6,747,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in MAR. Valley National Advisers Inc. increased its stake in Marriott International by 1,224.1% during the third quarter. Valley National Advisers Inc. now owns 8,011 shares of the company’s stock worth $1,991,000 after acquiring an additional 7,406 shares during the last quarter. Frank Rimerman Advisors LLC increased its stake in Marriott International by 14.7% during the third quarter. Frank Rimerman Advisors LLC now owns 6,840 shares of the company’s stock worth $1,700,000 after acquiring an additional 877 shares during the last quarter. DekaBank Deutsche Girozentrale increased its stake in Marriott International by 0.4% during the third quarter. DekaBank Deutsche Girozentrale now owns 81,515 shares of the company’s stock worth $20,570,000 after acquiring an additional 295 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Marriott International by 1.6% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 40,405 shares of the company’s stock worth $10,045,000 after acquiring an additional 654 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in Marriott International by 15.6% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 69,411 shares of the company’s stock worth $17,564,000 after acquiring an additional 9,343 shares during the last quarter. 70.70% of the stock is owned by institutional investors.

Marriott International Stock Up 0.2 %

Marriott International stock opened at $262.55 on Tuesday. The business has a fifty day moving average of $244.10 and a two-hundred day moving average of $238.67. The firm has a market cap of $74.99 billion, a P/E ratio of 27.09, a P/E/G ratio of 6.36 and a beta of 1.59. Marriott International, Inc. has a twelve month low of $180.75 and a twelve month high of $266.58.

Marriott International (NASDAQ:MAR) last posted its earnings results on Wednesday, July 31st. The company reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.49 by $0.01. The company 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%. Marriott International’s 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. Equities analysts expect that Marriott International, Inc. will post 9.37 earnings per share for the current year.

Marriott International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, August 16th were issued a dividend of $0.63 per share. The ex-dividend date was Friday, August 16th. This represents a $2.52 annualized dividend and a dividend yield of 0.96%. Marriott International’s dividend payout ratio is presently 26.01%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MAR. Truist Financial dropped their target price on Marriott International from $263.00 to $254.00 and set a “hold” rating for the company in a research report on Tuesday, August 6th. Sanford C. Bernstein upgraded Marriott International from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $247.00 to $262.00 in a research report on Thursday, August 29th. BMO Capital Markets boosted their target price on Marriott International from $240.00 to $255.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd. Robert W. Baird set a $258.00 target price on Marriott International in a research report on Thursday, October 17th. Finally, UBS Group dropped their target price on Marriott International from $267.00 to $244.00 and set a “neutral” rating for the company in a research report on Tuesday, August 13th. Thirteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Marriott International currently has a consensus rating of “Hold” and a consensus price target of $256.39.

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.