Marriott International, Inc. (NASDAQ:MAR) Shares Sold by Parallax Volatility Advisers L.P.

Parallax Volatility Advisers L.P. decreased its holdings in Marriott International, Inc. (NASDAQ:MAR) by 57.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,263 shares of the company’s stock after selling 8,437 shares during the quarter. Parallax Volatility Advisers L.P.’s holdings in Marriott International were worth $1,557,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Mission Creek Capital Partners Inc. raised its holdings in Marriott International by 2.3% during the third quarter. Mission Creek Capital Partners Inc. now owns 13,335 shares of the company’s stock worth $3,315,000 after purchasing an additional 306 shares in the last quarter. Motley Fool Asset Management LLC raised its stake in shares of Marriott International by 2.1% in the 3rd quarter. Motley Fool Asset Management LLC now owns 11,330 shares of the company’s stock worth $2,788,000 after buying an additional 233 shares in the last quarter. IHT Wealth Management LLC lifted its holdings in shares of Marriott International by 1.5% in the third quarter. IHT Wealth Management LLC now owns 13,322 shares of the company’s stock valued at $3,316,000 after buying an additional 194 shares during the period. Investment Management Corp of Ontario boosted its stake in Marriott International by 43.0% during the third quarter. Investment Management Corp of Ontario now owns 7,982 shares of the company’s stock valued at $1,984,000 after buying an additional 2,400 shares in the last quarter. Finally, Janus Henderson Group PLC raised its position in Marriott International by 8.4% in the third quarter. Janus Henderson Group PLC now owns 613,052 shares of the company’s stock worth $152,399,000 after acquiring an additional 47,551 shares in the last quarter. 70.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MAR. Stifel Nicolaus lifted their price objective on shares of Marriott International from $252.00 to $283.00 and gave the stock a “hold” rating in a research note on Tuesday, November 26th. Barclays upped their price target on Marriott International from $240.00 to $249.00 and gave the company an “equal weight” rating in a report on Tuesday, November 5th. Mizuho raised their price objective on Marriott International from $233.00 to $246.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Truist Financial boosted their target price on Marriott International from $254.00 to $277.00 and gave the stock a “hold” rating in a research report on Wednesday. Finally, The Goldman Sachs Group began coverage on Marriott International in a research note on Wednesday, September 18th. They issued a “buy” rating and a $267.00 price target on the stock. Fourteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $261.35.

Marriott International Price Performance

MAR opened at $292.48 on Friday. The company has a market capitalization of $81.28 billion, a PE ratio of 30.59, a price-to-earnings-growth ratio of 5.61 and a beta of 1.58. Marriott International, Inc. has a fifty-two week low of $204.30 and a fifty-two week high of $294.65. The business has a 50-day moving average of $270.06 and a 200-day moving average of $246.49.

Marriott International (NASDAQ:MAR) last posted its earnings results on Monday, November 4th. The company reported $2.26 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 business’s revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.11 earnings per share. On average, equities research analysts expect that Marriott International, Inc. will post 9.26 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, November 21st will be given a $0.63 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.86%. Marriott International’s dividend payout ratio is currently 26.36%.

Insider Transactions at Marriott International

In other Marriott International news, insider William P. Brown sold 1,707 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $284.30, for a total transaction of $485,300.10. Following the completion of the sale, the insider now directly owns 23,077 shares in the company, valued at $6,560,791.10. This represents a 6.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 sale, the chief executive officer now directly owns 108,361 shares in the company, valued at approximately $30,827,620.89. This represents a 7.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,815 shares of company stock worth $3,919,739. 12.32% of the stock is owned by corporate insiders.

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.