Marriott International, Inc. (NASDAQ:MAR) Shares Acquired by Stiles Financial Services Inc

Stiles Financial Services Inc lifted its stake in Marriott International, Inc. (NASDAQ:MAR) by 4.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,644 shares of the company’s stock after purchasing an additional 110 shares during the period. Stiles Financial Services Inc’s holdings in Marriott International were worth $639,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MAR. Bangor Savings Bank boosted its position in Marriott International by 131.1% during the second quarter. Bangor Savings Bank now owns 104 shares of the company’s stock worth $25,000 after purchasing an additional 59 shares in the last quarter. Roble Belko & Company Inc boosted its position in shares of Marriott International by 845.5% in the 1st quarter. Roble Belko & Company Inc now owns 104 shares of the company’s stock worth $26,000 after buying an additional 93 shares in the last quarter. Hantz Financial Services Inc. acquired a new stake in Marriott International in the 2nd quarter valued at about $26,000. MFA Wealth Advisors LLC acquired a new position in Marriott International during the second quarter worth about $28,000. Finally, Benjamin Edwards Inc. purchased a new stake in shares of Marriott International in the first quarter valued at about $29,000. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MAR has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft reduced their target price on Marriott International from $222.00 to $216.00 and set a “hold” rating on the stock in a research note on Thursday, August 1st. Robert W. Baird dropped their price objective on Marriott International from $252.00 to $245.00 and set a “neutral” rating for the company in a research report on Thursday, August 1st. Truist Financial reduced their target price on shares of Marriott International from $263.00 to $254.00 and set a “hold” rating on the stock in a report on Tuesday, August 6th. JPMorgan Chase & Co. boosted their price objective on shares of Marriott International from $235.00 to $255.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. Finally, 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 report on Tuesday, August 6th. Thirteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $244.44.

Marriott International Trading Up 1.4 %

NASDAQ:MAR traded up $3.32 on Monday, hitting $234.69. 2,218,100 shares of the stock were exchanged, compared to its average volume of 1,488,454. The stock has a fifty day moving average of $232.36 and a 200-day moving average of $239.22. The stock has a market cap of $66.07 billion, a PE ratio of 24.22, a PEG ratio of 5.51 and a beta of 1.60. Marriott International, Inc. has a fifty-two week low of $180.75 and a fifty-two week high of $260.57.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $2.50 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6.47 billion. During the same quarter last year, the firm posted $2.26 earnings per share. Marriott International’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, analysts predict that Marriott International, Inc. will post 9.37 earnings per share for the current year.

Marriott International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 16th will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend is Friday, August 16th. Marriott International’s dividend payout ratio 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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.