Solidarity Wealth LLC Purchases New Stake in Marriott International, Inc. (NASDAQ:MAR)

Solidarity Wealth LLC acquired a new position in Marriott International, Inc. (NASDAQ:MAR) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 826 shares of the company’s stock, valued at approximately $205,000.

Several other institutional investors also recently made changes to their positions in MAR. Bangor Savings Bank boosted its holdings 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 buying an additional 59 shares in the last quarter. Hantz Financial Services Inc. acquired a new stake in shares of Marriott International in the 2nd quarter worth approximately $26,000. MFA Wealth Advisors LLC acquired a new stake in shares of Marriott International in the 2nd quarter worth approximately $28,000. Unique Wealth Strategies LLC purchased a new position in Marriott International in the 2nd quarter valued at approximately $35,000. Finally, Cyrus J. Lawrence LLC purchased a new stake in Marriott International during the second quarter worth $36,000. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Marriott International Trading Up 0.1 %

Shares of Marriott International stock opened at $264.26 on Thursday. The business’s fifty day moving average price is $245.71 and its 200 day moving average price is $238.94. Marriott International, Inc. has a twelve month low of $180.75 and a twelve month high of $266.58. The stock has a market capitalization of $74.40 billion, a P/E ratio of 26.43, a PEG ratio of 6.36 and a beta of 1.59.

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

Marriott International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 16th were issued a dividend of $0.63 per share. The ex-dividend date was Friday, August 16th. This represents a $2.52 annualized dividend and a dividend yield of 0.95%. Marriott International’s payout ratio is 25.20%.

Analyst Ratings Changes

Several research firms recently commented on MAR. JPMorgan Chase & Co. boosted their price objective on shares of Marriott International from $235.00 to $255.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. The Goldman Sachs Group started coverage on shares of Marriott International in a research note on Wednesday, September 18th. They set a “buy” rating and a $267.00 price objective for the company. Morgan Stanley reduced their target price 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. Evercore ISI boosted their price target on Marriott International from $245.00 to $270.00 and gave the stock an “in-line” rating in a report on Monday, October 21st. Finally, BMO Capital Markets increased their price objective on Marriott International from $240.00 to $255.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. Thirteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $256.39.

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.