Oxinas Partners Wealth Management LLC Sells 88 Shares of Marriott International, Inc. (NASDAQ:MAR)

Oxinas Partners Wealth Management LLC cut its holdings in Marriott International, Inc. (NASDAQ:MAR) by 1.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,361 shares of the company’s stock after selling 88 shares during the period. Marriott International accounts for 1.3% of Oxinas Partners Wealth Management LLC’s investment portfolio, making the stock its 22nd biggest position. Oxinas Partners Wealth Management LLC’s holdings in Marriott International were worth $2,079,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Global Assets Advisory LLC purchased a new stake in shares of Marriott International in the first quarter worth about $153,697,000. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Marriott International by 36,856.7% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 241,327 shares of the company’s stock valued at $58,346,000 after purchasing an additional 240,674 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Marriott International by 1.8% in the first quarter. JPMorgan Chase & Co. now owns 10,616,899 shares of the company’s stock worth $2,678,750,000 after purchasing an additional 192,652 shares during the period. Capital International Investors raised its position in shares of Marriott International by 4.7% in the first quarter. Capital International Investors now owns 3,296,879 shares of the company’s stock worth $831,836,000 after buying an additional 149,378 shares in the last quarter. Finally, AXA S.A. boosted its stake in Marriott International by 133.4% during the second quarter. AXA S.A. now owns 221,045 shares of the company’s stock valued at $53,442,000 after buying an additional 126,323 shares during the period. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Marriott International Price Performance

Marriott International stock traded down $0.98 during trading hours on Tuesday, reaching $260.58. The stock had a trading volume of 1,237,663 shares, compared to its average volume of 1,488,044. The stock has a market cap of $74.43 billion, a PE ratio of 26.98, a PEG ratio of 6.15 and a beta of 1.59. The company has a fifty day simple moving average of $235.16 and a 200-day simple moving average of $237.96. Marriott International, Inc. has a 52 week low of $180.75 and a 52 week high of $264.14.

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

Marriott International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders 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 yield of 0.97%. Marriott International’s dividend payout ratio (DPR) is presently 26.01%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Barclays lifted their price target on Marriott International from $240.00 to $251.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 17th. Susquehanna began coverage on shares of Marriott International in a report on Friday, June 21st. They issued a “neutral” rating and a $255.00 price target on the stock. Truist Financial dropped their price objective on shares of Marriott International from $263.00 to $254.00 and set a “hold” rating for the company in a report on Tuesday, August 6th. Robert W. Baird dropped their price target on Marriott International from $252.00 to $245.00 and set a “neutral” rating for the company in a research note on Thursday, August 1st. Finally, Wells Fargo & Company reduced their price objective on Marriott International from $248.00 to $238.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 1st. Twelve equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $248.65.

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.