Marriott International, Inc. (NASDAQ:MAR) Shares Bought by Blue Trust Inc. (2024)

Posted by Frank Smitson on Aug 17th, 2024

Blue Trust Inc. lifted its stake in shares of Marriott International, Inc. (NASDAQ:MAR – Free Report) by 45.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,628 shares of the company’s stock after purchasing an additional 1,131 shares during the quarter. Blue Trust Inc.’s holdings in Marriott International were worth $915,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Bangor Savings Bank boosted its holdings in Marriott International by 131.1% in the 2nd quarter. Bangor Savings Bank now owns 104 shares of the company’s stock valued at $25,000 after purchasing an additional 59 shares in the last quarter. Roble Belko & Company Inc boosted its stake in shares of Marriott International by 845.5% in the first quarter. Roble Belko & Company Inc now owns 104 shares of the company’s stock valued at $26,000 after buying an additional 93 shares in the last quarter. ORG Partners LLC raised its position in Marriott International by 72.6% in the fourth quarter. ORG Partners LLC now owns 126 shares of the company’s stock worth $29,000 after acquiring an additional 53 shares in the last quarter. Benjamin Edwards Inc. acquired a new stake in Marriott International in the first quarter valued at $29,000. Finally, Wetzel Investment Advisors Inc. acquired a new position in shares of Marriott International during the 4th quarter worth $33,000. 70.70% of the stock is owned by institutional investors and hedge funds.

Marriott International Stock Performance

NASDAQ MAR traded down $0.71 during mid-day trading on Friday, reaching $220.56. 1,005,775 shares of the stock were exchanged, compared to its average volume of 1,505,953. The business’s fifty day simple moving average is $235.00 and its 200 day simple moving average is $240.45. The stock has a market capitalization of $63.00 billion, a PE ratio of 22.76, a PEG ratio of 4.24 and a beta of 1.60. Marriott International, Inc. has a 1-year low of $180.75 and a 1-year high of $260.57.

Marriott International (NASDAQ:MAR – Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.49 by $0.01. Marriott International had a negative return on equity of 239.60% and a net margin of 12.01%. The business had revenue of $6.44 billion during the quarter, compared to the consensus estimate of $6.47 billion. During the same quarter in the previous year, the business 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, analysts anticipate that Marriott International, Inc. will post 9.29 EPS for the current year.

Marriott International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 16th will be given a $0.63 dividend. The ex-dividend date is Friday, August 16th. This represents a $2.52 annualized dividend and a dividend yield of 1.14%. Marriott International’s dividend payout ratio is presently 26.01%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on MAR shares. JPMorgan Chase & Co. raised their price objective on shares of Marriott International from $235.00 to $255.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Morgan Stanley decreased their price target on Marriott International from $268.00 to $250.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. Macquarie reaffirmed a “neutral” rating and set a $245.00 price objective on shares of Marriott International in a report on Friday, August 2nd. Mizuho upped their target price on Marriott International from $260.00 to $265.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. Finally, Truist Financial cut their price target on Marriott International from $263.00 to $254.00 and set a “hold” rating for the company in a research note on Tuesday, August 6th. Fourteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $242.39.

Read Our Latest Stock Analysis on Marriott International