Paulson Wealth Management Inc. acquired a new position in Marriott International, Inc. (NASDAQ:MAR – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 796 shares of the company’s stock, valued at approximately $217,000.
Several other institutional investors have also recently made changes to their positions in the stock. Pallas Capital Advisors LLC grew its position in shares of Marriott International by 0.4% in the second quarter. Pallas Capital Advisors LLC now owns 8,649 shares of the company’s stock valued at $2,363,000 after purchasing an additional 37 shares in the last quarter. CreativeOne Wealth LLC grew its holdings in Marriott International by 2.1% during the 1st quarter. CreativeOne Wealth LLC now owns 1,831 shares of the company’s stock valued at $436,000 after buying an additional 38 shares in the last quarter. Motley Fool Asset Management LLC increased its position in shares of Marriott International by 0.3% during the first quarter. Motley Fool Asset Management LLC now owns 12,824 shares of the company’s stock valued at $3,055,000 after buying an additional 39 shares during the period. Valmark Advisers Inc. increased its holdings in shares of Marriott International by 1.6% in the second quarter. Valmark Advisers Inc. now owns 2,462 shares of the company’s stock worth $673,000 after purchasing an additional 39 shares during the period. Finally, Geneos Wealth Management Inc. boosted its stake in Marriott International by 1.7% during the first quarter. Geneos Wealth Management Inc. now owns 2,387 shares of the company’s stock valued at $569,000 after buying an additional 40 shares during the period. Hedge funds and other institutional investors own 70.70% of the company’s stock.
Marriott International Stock Down 0.7%
Shares of Marriott International stock opened at $281.14 on Friday. The business has a 50 day moving average of $266.14 and a 200 day moving average of $264.57. Marriott International, Inc. has a 52 week low of $205.40 and a 52 week high of $307.52. The company has a market cap of $76.32 billion, a PE ratio of 29.69, a P/E/G ratio of 2.92 and a beta of 1.36.
Marriott International announced that its board has authorized a stock buyback plan on Thursday, August 7th that permits the company to buyback 25,000,000 outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.
Marriott International Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Thursday, November 20th will be issued a dividend of $0.67 per share. The ex-dividend date is Thursday, November 20th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.0%. Marriott International’s dividend payout ratio is 28.30%.
Analyst Upgrades and Downgrades
Several analysts have weighed in on MAR shares. BMO Capital Markets raised their price target on Marriott International from $280.00 to $285.00 and gave the company a “market perform” rating in a report on Wednesday. Barclays raised their target price on shares of Marriott International from $262.00 to $274.00 and gave the company an “equal weight” rating in a research note on Wednesday. Morgan Stanley reduced their target price on Marriott International from $302.00 to $296.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 22nd. Robert W. Baird decreased their price target on shares of Marriott International from $287.00 to $285.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 21st. Finally, Truist Financial boosted their target price on Marriott International from $273.00 to $278.00 and gave the company a “hold” rating in a research note on Wednesday, September 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $286.40.
Check Out Our Latest Research 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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