Petredis Investment Advisors LLC Grows Stake in Marriott International, Inc. (NASDAQ:MAR)

Petredis Investment Advisors LLC increased its stake in Marriott International, Inc. (NASDAQ:MAR) by 0.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,982 shares of the company’s stock after purchasing an additional 81 shares during the quarter. Petredis Investment Advisors LLC’s holdings in Marriott International were worth $4,222,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Roble Belko & Company Inc raised its position 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. Bangor Savings Bank lifted its position in shares of Marriott International by 131.1% during the second quarter. Bangor Savings Bank now owns 104 shares of the company’s stock worth $25,000 after acquiring an additional 59 shares in the last quarter. Hantz Financial Services Inc. bought a new stake in shares of Marriott International during the 2nd quarter valued at $26,000. Benjamin Edwards Inc. bought a new position in Marriott International in the 1st quarter worth about $29,000. Finally, MFA Wealth Advisors LLC purchased a new position in Marriott International during the 2nd quarter valued at about $28,000. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Marriott International Stock Down 0.4 %

Shares of NASDAQ MAR opened at $260.58 on Wednesday. The company has a market cap of $74.43 billion, a price-to-earnings ratio of 26.89, a PEG ratio of 6.15 and a beta of 1.59. The firm’s fifty day moving average is $236.06 and its 200 day moving average is $238.02. Marriott International, Inc. has a 52 week low of $180.75 and a 52 week high of $264.14.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $2.50 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 during the quarter, compared to the consensus estimate of $6.47 billion. During the same period in the prior year, the firm posted $2.26 earnings per share. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. Equities research analysts anticipate that Marriott International, Inc. will post 9.37 earnings per share for the current year.

Marriott International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, August 16th were given a $0.63 dividend. The ex-dividend date was Friday, August 16th. This represents a $2.52 annualized dividend and a dividend yield of 0.97%. Marriott International’s dividend payout ratio is 26.01%.

Analyst Upgrades and Downgrades

MAR has been the subject of several recent analyst reports. Robert W. Baird reduced their price objective on shares of Marriott International from $252.00 to $245.00 and set a “neutral” rating for the company in a research note on Thursday, August 1st. Wells Fargo & Company dropped their price objective on Marriott International from $248.00 to $238.00 and set an “equal weight” rating for the company in a research note on Thursday, August 1st. JPMorgan Chase & Co. raised their price target on Marriott International from $235.00 to $255.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Barclays upped their price objective on shares of Marriott International from $240.00 to $251.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 17th. Finally, Morgan Stanley dropped their target price on shares of Marriott International from $268.00 to $250.00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. Twelve investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Marriott International presently has a consensus rating of “Hold” and a consensus price target of $248.65.

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.