Marriott International, Inc. (NASDAQ:MAR) Shares Bought by Octavia Wealth Advisors LLC

Octavia Wealth Advisors LLC increased its stake in Marriott International, Inc. (NASDAQ:MAR) by 5.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,180 shares of the company’s stock after purchasing an additional 65 shares during the quarter. Octavia Wealth Advisors LLC’s holdings in Marriott International were worth $285,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Rockland Trust Co. raised its position in Marriott International by 2.3% in the second quarter. Rockland Trust Co. now owns 1,802 shares of the company’s stock worth $436,000 after acquiring an additional 41 shares in the last quarter. Manchester Capital Management LLC raised its position in Marriott International by 2.3% in the fourth quarter. Manchester Capital Management LLC now owns 1,841 shares of the company’s stock worth $415,000 after acquiring an additional 42 shares in the last quarter. Moody National Bank Trust Division raised its position in Marriott International by 1.2% in the first quarter. Moody National Bank Trust Division now owns 3,673 shares of the company’s stock worth $927,000 after acquiring an additional 42 shares in the last quarter. Kathmere Capital Management LLC raised its position in Marriott International by 1.2% in the first quarter. Kathmere Capital Management LLC now owns 3,599 shares of the company’s stock worth $908,000 after acquiring an additional 42 shares in the last quarter. Finally, Park Avenue Securities LLC raised its position in Marriott International by 1.4% in the second quarter. Park Avenue Securities LLC now owns 3,298 shares of the company’s stock worth $797,000 after acquiring an additional 46 shares in the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Trading Down 1.7 %

Shares of NASDAQ MAR opened at $230.72 on Wednesday. The business has a fifty day simple moving average of $231.86 and a 200 day simple moving average of $239.10. The firm has a market capitalization of $64.95 billion, a price-to-earnings ratio of 23.81, a PEG ratio of 5.51 and a beta of 1.60. Marriott International, Inc. has a one year low of $180.75 and a one year high of $260.57.

Marriott International (NASDAQ:MAR) last issued its earnings results on Wednesday, July 31st. The company reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.49 by $0.01. The business had revenue of $6.44 billion during the quarter, compared to analyst estimates 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 was up 6.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.26 earnings per share. On average, research analysts anticipate that Marriott International, Inc. will post 9.37 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

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

Analyst Ratings Changes

Several analysts have issued reports on the company. Macquarie restated a “neutral” rating and set a $245.00 price objective on shares of Marriott International in a report on Friday, August 2nd. Truist Financial cut their price objective on Marriott International from $263.00 to $254.00 and set a “hold” rating on the stock in a report on Tuesday, August 6th. Barclays boosted their price objective on Marriott International from $240.00 to $251.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 17th. UBS Group dropped their target price on Marriott International from $267.00 to $244.00 and set a “neutral” rating on the stock in a report on Tuesday, August 13th. Finally, JPMorgan Chase & Co. upped their target price on Marriott International from $235.00 to $255.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Thirteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $244.44.

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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.