Milestone Asset Management LLC Purchases 3,917 Shares of Marriott International, Inc. $MAR

Milestone Asset Management LLC boosted its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 263.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,403 shares of the company’s stock after buying an additional 3,917 shares during the quarter. Milestone Asset Management LLC’s holdings in Marriott International were worth $1,476,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Pallas Capital Advisors LLC boosted its position in shares of Marriott International by 0.4% in the 2nd quarter. Pallas Capital Advisors LLC now owns 8,649 shares of the company’s stock worth $2,363,000 after purchasing an additional 37 shares during the last quarter. CreativeOne Wealth LLC grew its stake in Marriott International by 2.1% in the first quarter. CreativeOne Wealth LLC now owns 1,831 shares of the company’s stock valued at $436,000 after acquiring an additional 38 shares during the period. Motley Fool Asset Management LLC lifted its holdings in shares of Marriott International by 0.3% during the 1st quarter. Motley Fool Asset Management LLC now owns 12,824 shares of the company’s stock valued at $3,055,000 after purchasing an additional 39 shares in the last quarter. Valmark Advisers Inc. increased its holdings in Marriott International by 1.6% during the 2nd quarter. Valmark Advisers Inc. now owns 2,462 shares of the company’s stock worth $673,000 after purchasing an additional 39 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its position in Marriott International by 1.7% in the first quarter. Geneos Wealth Management Inc. now owns 2,387 shares of the company’s stock valued at $569,000 after purchasing an additional 40 shares in the last quarter. Institutional investors own 70.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MAR. Barclays cut their price objective on Marriott International from $276.00 to $262.00 and set an “equal weight” rating for the company in a report on Friday, October 3rd. Truist Financial increased their target price on Marriott International from $273.00 to $278.00 and gave the stock a “hold” rating in a research note on Wednesday, September 3rd. Morgan Stanley lowered their price objective on Marriott International from $302.00 to $296.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 22nd. BMO Capital Markets dropped their price objective on shares of Marriott International from $285.00 to $280.00 and set a “market perform” rating for the company in a research note on Wednesday, August 6th. Finally, Robert W. Baird dropped their price target on shares of Marriott International from $287.00 to $285.00 and set a “neutral” rating for the company in a research report on Tuesday, October 21st. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $283.17.

Marriott International Stock Up 1.3%

Shares of MAR stock opened at $263.89 on Tuesday. Marriott International, Inc. has a twelve month low of $205.40 and a twelve month high of $307.52. The business has a fifty day simple moving average of $265.56 and a 200 day simple moving average of $263.96. The company has a market cap of $71.64 billion, a P/E ratio of 29.75, a P/E/G ratio of 2.69 and a beta of 1.36.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $2.65 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.65. The company had revenue of $6.74 billion during the quarter, compared to the consensus estimate of $6.66 billion. Marriott International had a net margin of 9.60% and a negative return on equity of 93.44%. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business earned $2.50 earnings per share. As a group, equities research analysts anticipate that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International declared that its board has approved a share buyback program on Thursday, August 7th that authorizes the company to repurchase 25,000,000 outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Marriott International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, August 21st were paid a dividend of $0.67 per share. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $2.68 annualized dividend and a dividend yield of 1.0%. Marriott International’s dividend payout ratio (DPR) is presently 30.21%.

About Marriott International

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.