Fiduciary Group LLC Sells 556 Shares of Marriott International, Inc. (NASDAQ:MAR)

Fiduciary Group LLC trimmed its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 3.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,446 shares of the company’s stock after selling 556 shares during the quarter. Fiduciary Group LLC’s holdings in Marriott International were worth $3,976,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in MAR. Bangor Savings Bank boosted its position 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 buying an additional 59 shares during the period. Roble Belko & Company Inc boosted its holdings 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 purchasing an additional 93 shares during the period. Hantz Financial Services Inc. bought a new position in Marriott International in the second quarter worth approximately $26,000. MFA Wealth Advisors LLC purchased a new position in Marriott International during the 2nd quarter worth $28,000. Finally, Benjamin Edwards Inc. purchased a new stake in shares of Marriott International in the 1st quarter worth $29,000. 70.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on MAR. Robert W. Baird cut their price target on Marriott International from $252.00 to $245.00 and set a “neutral” rating on the stock in a research note on Thursday, August 1st. UBS Group cut their price objective on shares of Marriott International from $267.00 to $244.00 and set a “neutral” rating on the stock in a report on Tuesday, August 13th. Susquehanna began coverage on Marriott International in a research report on Friday, June 21st. They set a “neutral” rating and a $255.00 target price on the stock. Truist Financial lowered their target price on shares of Marriott International from $263.00 to $254.00 and set a “hold” rating for the company in a research note on Tuesday, August 6th. Finally, Morgan Stanley reduced their price target on 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 five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $246.18.

Marriott International Stock Performance

NASDAQ:MAR opened at $231.74 on Friday. The firm has a market cap of $65.24 billion, a price-to-earnings ratio of 23.92, a PEG ratio of 5.34 and a beta of 1.59. The firm’s fifty day moving average is $229.93 and its two-hundred day moving average is $238.22. Marriott International, Inc. has a one year low of $180.75 and a one year high of $260.57.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.49 by $0.01. The company had revenue of $6.44 billion during the quarter, compared to the consensus estimate of $6.47 billion. Marriott International had a negative return on equity of 239.60% and a net margin of 12.01%. Marriott International’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.26 earnings per share. As a group, equities research analysts predict that Marriott International, Inc. will post 9.37 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 16th will be given a $0.63 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.09%. Marriott International’s dividend payout ratio (DPR) is currently 26.01%.

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.