IHT Wealth Management LLC Buys 194 Shares of Marriott International, Inc. (NASDAQ:MAR)

IHT Wealth Management LLC boosted its stake in Marriott International, Inc. (NASDAQ:MAR) by 1.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,322 shares of the company’s stock after purchasing an additional 194 shares during the quarter. IHT Wealth Management LLC’s holdings in Marriott International were worth $3,316,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. EverSource Wealth Advisors LLC grew its stake in Marriott International by 98.7% during the first quarter. EverSource Wealth Advisors LLC now owns 455 shares of the company’s stock valued at $107,000 after acquiring an additional 226 shares in the last quarter. Mather Group LLC. grew its position in shares of Marriott International by 104.4% during the 2nd quarter. Mather Group LLC. now owns 1,425 shares of the company’s stock valued at $360,000 after purchasing an additional 728 shares in the last quarter. Park Avenue Securities LLC increased its holdings in shares of Marriott International by 1.4% in the second quarter. Park Avenue Securities LLC now owns 3,298 shares of the company’s stock worth $797,000 after purchasing an additional 46 shares during the period. CWM LLC boosted its stake in Marriott International by 518.7% during the second quarter. CWM LLC now owns 47,519 shares of the company’s stock valued at $11,489,000 after buying an additional 39,839 shares during the period. Finally, NBC Securities Inc. increased its stake in Marriott International by 9.6% in the 2nd quarter. NBC Securities Inc. now owns 3,609 shares of the company’s stock worth $872,000 after acquiring an additional 316 shares during the last quarter. 70.70% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Marriott International

In other news, CAO Felitia Lee sold 916 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $276.48, for a total value of $253,255.68. Following the completion of the transaction, the chief accounting officer now owns 5,609 shares of the company’s stock, valued at approximately $1,550,776.32. This represents a 14.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider William P. Brown sold 1,707 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $284.30, for a total value of $485,300.10. Following the completion of the sale, the insider now directly owns 23,077 shares in the company, valued at approximately $6,560,791.10. The trade was a 6.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,815 shares of company stock valued at $3,919,739. 10.07% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MAR. UBS Group cut their price objective on Marriott International from $267.00 to $244.00 and set a “neutral” rating for the company in a report on Tuesday, August 13th. Mizuho increased their price target on shares of Marriott International from $233.00 to $246.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Evercore ISI lifted their price objective on shares of Marriott International from $245.00 to $270.00 and gave the stock an “in-line” rating in a report on Monday, October 21st. Sanford C. Bernstein increased their target price on Marriott International from $262.00 to $290.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Finally, The Goldman Sachs Group started coverage on Marriott International in a research note on Wednesday, September 18th. They set a “buy” rating and a $267.00 price target for the company. Fourteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Marriott International presently has a consensus rating of “Hold” and a consensus price target of $260.20.

Marriott International Stock Down 0.5 %

Shares of MAR opened at $284.93 on Wednesday. The firm has a fifty day simple moving average of $268.34 and a two-hundred day simple moving average of $245.86. Marriott International, Inc. has a twelve month low of $202.24 and a twelve month high of $290.43. The stock has a market capitalization of $79.18 billion, a P/E ratio of 29.80, a PEG ratio of 5.63 and a beta of 1.58.

Marriott International (NASDAQ:MAR) last posted its earnings results on Monday, November 4th. The company reported $2.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.31 by ($0.05). The business had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.27 billion. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.11 earnings per share. Sell-side analysts expect that Marriott International, Inc. will post 9.26 EPS for the current fiscal year.

Marriott International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Thursday, November 21st will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend is Thursday, November 21st. Marriott International’s payout ratio is 26.36%.

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.