Keystone Wealth Services LLC Takes $354,000 Position in Marriott International, Inc. (NASDAQ:MAR)

Keystone Wealth Services LLC acquired a new stake in shares of Marriott International, Inc. (NASDAQ:MAR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,464 shares of the company’s stock, valued at approximately $354,000.

A number of other institutional investors have also added to or reduced their stakes in MAR. Turtle Creek Wealth Advisors LLC purchased a new stake in Marriott International in the fourth quarter worth approximately $58,000. Sequoia Financial Advisors LLC boosted its stake in shares of Marriott International by 26.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 7,337 shares of the company’s stock valued at $1,655,000 after purchasing an additional 1,514 shares in the last quarter. Impax Asset Management Group plc grew its holdings in shares of Marriott International by 88.4% during the 4th quarter. Impax Asset Management Group plc now owns 10,426 shares of the company’s stock valued at $2,351,000 after purchasing an additional 4,892 shares during the last quarter. Jmac Enterprises LLC purchased a new position in Marriott International in the 4th quarter worth $216,000. Finally, Kendall Capital Management lifted its stake in Marriott International by 22.5% in the fourth quarter. Kendall Capital Management now owns 3,478 shares of the company’s stock worth $784,000 after purchasing an additional 638 shares during the last quarter. 70.70% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Robert W. Baird lowered their target price on Marriott International from $252.00 to $245.00 and set a “neutral” rating for the company in a research note on Thursday, August 1st. Deutsche Bank Aktiengesellschaft cut their target price on shares of Marriott International from $222.00 to $216.00 and set a “hold” rating on the stock in a report on Thursday, August 1st. Truist Financial lowered their price target on shares of Marriott International from $263.00 to $254.00 and set a “hold” rating for the company in a report on Tuesday, August 6th. JPMorgan Chase & Co. raised their price target on shares of Marriott International from $235.00 to $255.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. Finally, BMO Capital Markets upped their price objective on shares of Marriott International from $235.00 to $240.00 and gave the company a “market perform” rating in a research note on Thursday, May 2nd. Fifteen analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $241.89.

Marriott International Stock Up 1.0 %

Shares of NASDAQ:MAR traded up $2.17 during midday trading on Friday, reaching $217.97. The company’s stock had a trading volume of 1,214,086 shares, compared to its average volume of 1,517,678. Marriott International, Inc. has a 12-month low of $180.75 and a 12-month high of $260.57. The firm has a market capitalization of $62.26 billion, a P/E ratio of 22.49, a PEG ratio of 4.24 and a beta of 1.60. The firm has a 50 day moving average of $236.29 and a 200-day moving average of $241.25.

Marriott International (NASDAQ:MAR) last announced its earnings results on Wednesday, July 31st. The company reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $6.44 billion during the quarter, compared to the consensus estimate of $6.47 billion. During the same quarter last year, the firm earned $2.26 earnings per share. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, research analysts predict that Marriott International, Inc. will post 9.29 EPS for the current year.

Marriott International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 16th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Friday, August 16th. Marriott International’s payout ratio is 26.01%.

Marriott International Company 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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.