Marriott International, Inc. (NASDAQ:MAR) Shares Bought by Freedom Investment Management Inc.

Freedom Investment Management Inc. lifted its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 10.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,158 shares of the company’s stock after purchasing an additional 397 shares during the period. Freedom Investment Management Inc.’s holdings in Marriott International were worth $1,034,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. BDF Gestion bought a new stake in shares of Marriott International in the 2nd quarter valued at approximately $3,013,000. Jensen Investment Management Inc. bought a new stake in Marriott International during the third quarter valued at $793,000. CWM LLC lifted its position in shares of Marriott International by 518.7% in the 2nd quarter. CWM LLC now owns 47,519 shares of the company’s stock worth $11,489,000 after buying an additional 39,839 shares during the last quarter. BayBridge Capital Group LLC acquired a new position in shares of Marriott International in the 3rd quarter valued at about $1,254,000. Finally, Kinsale Capital Group Inc. bought a new stake in shares of Marriott International during the 3rd quarter valued at about $3,769,000. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. UBS Group decreased their target price on Marriott International from $267.00 to $244.00 and set a “neutral” rating for the company in a research note on Tuesday, August 13th. Wells Fargo & Company boosted their price objective on Marriott International from $238.00 to $261.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 22nd. TD Cowen cut their target price on Marriott International from $295.00 to $283.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Mizuho upped their price target on shares of Marriott International from $233.00 to $246.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Finally, Robert W. Baird lifted their price objective on shares of Marriott International from $258.00 to $264.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Fourteen analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $260.20.

Insider Transactions at Marriott International

In other Marriott International news, CEO Anthony Capuano sold 8,332 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $284.49, for a total value of $2,370,370.68. Following the completion of the transaction, the chief executive officer now directly owns 108,361 shares in the company, valued at $30,827,620.89. This trade represents a 7.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Benjamin T. Breland sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $274.49, for a total transaction of $137,245.00. Following the sale, the executive vice president now owns 12,286 shares in the company, valued at $3,372,384.14. This represents a 3.91 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,815 shares of company stock valued at $3,919,739 in the last three months. 10.07% of the stock is currently owned by corporate insiders.

Marriott International Stock Down 0.9 %

Shares of Marriott International stock opened at $285.60 on Thursday. The business has a fifty day simple moving average of $264.98 and a 200-day simple moving average of $244.43. The firm has a market cap of $79.37 billion, a price-to-earnings ratio of 29.87, a price-to-earnings-growth ratio of 5.67 and a beta of 1.58. Marriott International, Inc. has a fifty-two week low of $200.94 and a fifty-two week high of $289.80.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Monday, November 4th. The company reported $2.26 earnings per share for the quarter, missing the consensus estimate of $2.31 by ($0.05). Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The business had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.27 billion. During the same quarter last year, the business posted $2.11 EPS. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. Analysts anticipate that Marriott International, Inc. will post 9.26 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 Tuesday, December 31st. Stockholders of record on Thursday, November 21st will be given a dividend of $0.63 per share. The ex-dividend date is Thursday, November 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.88%. Marriott International’s dividend payout ratio (DPR) is presently 26.36%.

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.