FSA Advisors Inc. decreased its holdings in shares of Marriott International, Inc. (NASDAQ:MAR – Free Report) by 1.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,758 shares of the company’s stock after selling 53 shares during the quarter. FSA Advisors Inc.’s holdings in Marriott International were worth $754,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the business. First Pacific Advisors LP boosted its stake in Marriott International by 1.3% during the 2nd quarter. First Pacific Advisors LP now owns 450,714 shares of the company’s stock valued at $123,140,000 after purchasing an additional 5,648 shares during the period. New York Life Investment Management LLC raised its stake in Marriott International by 0.8% during the 2nd quarter. New York Life Investment Management LLC now owns 34,285 shares of the company’s stock valued at $9,367,000 after purchasing an additional 258 shares during the last quarter. Motley Fool Asset Management LLC raised its stake in Marriott International by 10.4% during the 2nd quarter. Motley Fool Asset Management LLC now owns 14,159 shares of the company’s stock valued at $3,868,000 after purchasing an additional 1,335 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in Marriott International by 28.7% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 31,800 shares of the company’s stock valued at $8,688,000 after purchasing an additional 7,100 shares during the last quarter. Finally, Advisory Alpha LLC raised its stake in Marriott International by 1.8% during the 2nd quarter. Advisory Alpha LLC now owns 3,265 shares of the company’s stock valued at $892,000 after purchasing an additional 58 shares during the last quarter. Institutional investors own 70.70% of the company’s stock.
Marriott International Trading Down 2.1%
MAR stock opened at $265.45 on Wednesday. Marriott International, Inc. has a 1-year low of $205.40 and a 1-year high of $307.52. The business’s 50 day moving average is $265.93 and its 200-day moving average is $262.53. The firm has a market cap of $72.06 billion, a P/E ratio of 29.93, a P/E/G ratio of 2.80 and a beta of 1.35.
Marriott International declared that its board has initiated a share repurchase plan on Thursday, August 7th that permits the company to repurchase 25,000,000 shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.
Marriott International Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, August 21st were paid a $0.67 dividend. The ex-dividend date was Thursday, August 21st. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.0%. Marriott International’s payout ratio is 30.21%.
Analyst Ratings Changes
Several brokerages recently issued reports on MAR. Robert W. Baird lowered their price target on Marriott International from $287.00 to $285.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 21st. Morgan Stanley lowered their price target on Marriott International from $302.00 to $296.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 22nd. BMO Capital Markets lowered their price target on Marriott International from $285.00 to $280.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 6th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Marriott International in a research note on Wednesday, October 8th. Finally, Truist Financial lifted their price target on shares of Marriott International from $273.00 to $278.00 and gave the stock a “hold” rating in a research note on Wednesday, September 3rd. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $283.17.
View Our Latest Analysis on MAR
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, City Express by Marriott, and St.
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