Whittier Trust Co. of Nevada Inc. Buys 281 Shares of Marriott International, Inc. (NASDAQ:MAR)

Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 192.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 427 shares of the company’s stock after purchasing an additional 281 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Marriott International were worth $103,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of MAR. GUNN & Co INVESTMENT MANAGEMENT INC. purchased a new stake in Marriott International in the fourth quarter valued at about $564,000. Kestra Private Wealth Services LLC lifted its position in Marriott International by 2.0% during the fourth quarter. Kestra Private Wealth Services LLC now owns 7,491 shares of the company’s stock valued at $1,689,000 after purchasing an additional 146 shares during the period. Penobscot Investment Management Company Inc. grew its position in Marriott International by 11.0% during the 4th quarter. Penobscot Investment Management Company Inc. now owns 4,880 shares of the company’s stock worth $1,100,000 after purchasing an additional 485 shares during the period. Mission Wealth Management LP raised its stake in shares of Marriott International by 3.6% during the 4th quarter. Mission Wealth Management LP now owns 2,218 shares of the company’s stock valued at $500,000 after buying an additional 78 shares during the last quarter. Finally, Brighton Jones LLC grew its position in shares of Marriott International by 0.8% in the fourth quarter. Brighton Jones LLC now owns 8,757 shares of the company’s stock valued at $1,975,000 after purchasing an additional 68 shares during the period. 70.70% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

MAR has been the topic of a number of analyst reports. Barclays raised their price objective on shares of Marriott International from $240.00 to $251.00 and gave the company an “equal weight” rating in a report on Wednesday, July 17th. Morgan Stanley lowered their price objective on Marriott International from $268.00 to $250.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. UBS Group reduced their target price on Marriott International from $267.00 to $244.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 13th. Wells Fargo & Company lowered their price target on Marriott International from $248.00 to $238.00 and set an “equal weight” rating for the company in a report on Thursday, August 1st. Finally, Susquehanna began coverage on Marriott International in a report on Friday, June 21st. They issued a “neutral” rating and a $255.00 price target for the company. Fourteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $243.42.

Marriott International Stock Up 2.7 %

MAR traded up $6.19 during trading on Thursday, hitting $233.51. The company’s stock had a trading volume of 802,922 shares, compared to its average volume of 1,476,800. The firm’s 50 day moving average price is $233.10 and its two-hundred day moving average price is $239.40. Marriott International, Inc. has a 12 month low of $180.75 and a 12 month high of $260.57. The stock has a market capitalization of $66.70 billion, a price-to-earnings ratio of 23.46, a price-to-earnings-growth ratio of 4.24 and a beta of 1.60.

Marriott International (NASDAQ:MAR) last posted its earnings results on Wednesday, July 31st. The company reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.49 by $0.01. The firm had revenue of $6.44 billion during the quarter, compared to analysts’ expectations of $6.47 billion. Marriott International had a net margin of 12.01% and a negative return on equity of 239.60%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.26 earnings per share. On average, sell-side analysts forecast that Marriott International, Inc. will post 9.29 earnings per share for the current year.

Marriott International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 16th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend is Friday, August 16th. Marriott International’s payout ratio 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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.