GHP Investment Advisors Inc. Lowers Stock Position in Marriott International, Inc. (NASDAQ:MAR)

GHP Investment Advisors Inc. trimmed its holdings in Marriott International, Inc. (NASDAQ:MAR) by 0.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,692 shares of the company’s stock after selling 107 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Marriott International were worth $2,907,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. BDF Gestion purchased a new position in shares of Marriott International during the second quarter valued at approximately $3,013,000. CWM LLC boosted its holdings in Marriott International by 518.7% in the second quarter. CWM LLC now owns 47,519 shares of the company’s stock worth $11,489,000 after acquiring an additional 39,839 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Marriott International in the second quarter worth $3,844,000. Wealth Enhancement Advisory Services LLC raised its position in shares of Marriott International by 1.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 39,751 shares of the company’s stock worth $9,611,000 after purchasing an additional 753 shares during the last quarter. Finally, Concord Investment Counsel Inc. bought a new position in Marriott International in the 1st quarter worth about $5,879,000. 70.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Evercore ISI lifted their target price on shares of Marriott International from $245.00 to $270.00 and gave the stock an “in-line” rating in a report on Monday, October 21st. JPMorgan Chase & Co. upped their price objective on Marriott International from $235.00 to $255.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. UBS Group reduced their target price on Marriott International from $267.00 to $244.00 and set a “neutral” rating for the company in a report on Tuesday, August 13th. Macquarie reaffirmed a “neutral” rating and set a $245.00 price target on shares of Marriott International in a report on Friday, August 2nd. Finally, Truist Financial decreased their target price on Marriott International from $263.00 to $254.00 and set a “hold” rating for the company in a research report on Tuesday, August 6th. Thirteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $256.39.

Marriott International Stock Up 0.6 %

NASDAQ MAR opened at $262.12 on Friday. Marriott International, Inc. has a twelve month low of $180.75 and a twelve month high of $266.58. The business has a 50-day moving average price of $243.35 and a 200-day moving average price of $238.75. The firm has a market cap of $74.87 billion, a price-to-earnings ratio of 27.05, a price-to-earnings-growth ratio of 6.36 and a beta of 1.59.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Wednesday, July 31st. The company reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $6.47 billion. During the same quarter last year, the business posted $2.26 earnings per share. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. Research analysts expect that Marriott International, Inc. will post 9.37 EPS for the current fiscal year.

Marriott International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, August 16th were issued a $0.63 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.52 annualized dividend and a dividend yield of 0.96%. Marriott International’s dividend payout ratio (DPR) is 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.