Tilia Fiduciary Partners Inc. boosted its holdings in Marriott International, Inc. (NASDAQ:MAR – Free Report) by 2.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,245 shares of the company’s stock after buying an additional 284 shares during the quarter. Marriott International accounts for about 1.7% of Tilia Fiduciary Partners Inc.’s investment portfolio, making the stock its 17th largest position. Tilia Fiduciary Partners Inc.’s holdings in Marriott International were worth $2,799,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in the business. Pallas Capital Advisors LLC grew its position in Marriott International by 0.4% in the second quarter. Pallas Capital Advisors LLC now owns 8,649 shares of the company’s stock worth $2,363,000 after buying an additional 37 shares during the last quarter. CreativeOne Wealth LLC grew its position in Marriott International by 2.1% in the first quarter. CreativeOne Wealth LLC now owns 1,831 shares of the company’s stock worth $436,000 after buying an additional 38 shares during the last quarter. Motley Fool Asset Management LLC boosted its stake in Marriott International by 0.3% in the 1st quarter. Motley Fool Asset Management LLC now owns 12,824 shares of the company’s stock worth $3,055,000 after purchasing an additional 39 shares during the period. Geneos Wealth Management Inc. grew its position in Marriott International by 1.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,387 shares of the company’s stock worth $569,000 after purchasing an additional 40 shares in the last quarter. Finally, 4J Wealth Management LLC grew its position in Marriott International by 3.6% during the 1st quarter. 4J Wealth Management LLC now owns 1,224 shares of the company’s stock worth $292,000 after purchasing an additional 43 shares in the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.
Marriott International Stock Up 0.4%
Shares of NASDAQ:MAR opened at $267.57 on Friday. The firm has a fifty day moving average of $265.31 and a two-hundred day moving average of $258.24. The firm has a market capitalization of $72.63 billion, a P/E ratio of 30.17, a price-to-earnings-growth ratio of 2.63 and a beta of 1.35. Marriott International, Inc. has a 12-month low of $205.40 and a 12-month high of $307.52.
Marriott International announced that its board has initiated a stock repurchase plan on Thursday, August 7th that allows the company to repurchase 25,000,000 shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its shares are undervalued.
Marriott International Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, August 21st were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Thursday, August 21st. Marriott International’s payout ratio is presently 30.21%.
Wall Street Analysts Forecast Growth
MAR has been the topic of several research analyst reports. JPMorgan Chase & Co. initiated coverage on shares of Marriott International in a research report on Monday, June 23rd. They set a “neutral” rating and a $284.00 price objective on the stock. Truist Financial lifted their price objective on shares of Marriott International from $273.00 to $278.00 and gave the stock a “hold” rating in a research report on Wednesday, September 3rd. Barclays lowered their price objective on shares of Marriott International from $276.00 to $262.00 and set an “equal weight” rating on the stock in a research report on Friday. BMO Capital Markets lowered their price objective on shares of Marriott International from $285.00 to $280.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 6th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Marriott International in a research note on Saturday, September 27th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $282.63.
View Our Latest Stock Report on MAR
Marriott International 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.
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