Invst LLC Increases Stock Position in Marriott International, Inc. (NASDAQ:MAR)

Invst LLC grew its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 3.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,258 shares of the company’s stock after acquiring an additional 252 shares during the period. Invst LLC’s holdings in Marriott International were worth $2,053,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Marriott International by 4.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,024,187 shares of the company’s stock worth $254,613,000 after buying an additional 46,563 shares during the period. National Pension Service boosted its holdings in Marriott International by 11.6% in the third quarter. National Pension Service now owns 719,613 shares of the company’s stock valued at $178,896,000 after acquiring an additional 74,832 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Marriott International by 5.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 679,757 shares of the company’s stock valued at $164,355,000 after purchasing an additional 33,149 shares during the period. First Pacific Advisors LP lifted its position in shares of Marriott International by 2.1% in the 2nd quarter. First Pacific Advisors LP now owns 613,205 shares of the company’s stock worth $148,255,000 after purchasing an additional 12,499 shares during the period. Finally, Janus Henderson Group PLC increased its position in shares of Marriott International by 8.4% during the third quarter. Janus Henderson Group PLC now owns 613,052 shares of the company’s stock valued at $152,399,000 after buying an additional 47,551 shares during the period. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Marriott International

In other news, EVP Benjamin T. Breland sold 500 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $274.49, for a total value of $137,245.00. Following the transaction, the executive vice president now owns 12,286 shares of the company’s stock, valued at approximately $3,372,384.14. The trade was a 3.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider William P. Brown sold 1,707 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $284.30, for a total transaction of $485,300.10. Following the transaction, the insider now directly owns 23,077 shares of the company’s stock, valued at $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. Insiders sold a total of 13,815 shares of company stock valued at $3,919,739 over the last three months. Corporate insiders own 12.32% of the company’s stock.

Marriott International Trading Up 0.2 %

Shares of NASDAQ MAR opened at $287.67 on Wednesday. Marriott International, Inc. has a 12-month low of $204.55 and a 12-month high of $295.45. The firm has a market capitalization of $79.94 billion, a price-to-earnings ratio of 30.09, a price-to-earnings-growth ratio of 5.76 and a beta of 1.58. The firm has a 50 day moving average of $271.61 and a 200 day moving average of $247.38.

Marriott International (NASDAQ:MAR) last announced its earnings results on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). The company 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%. Marriott International’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.11 earnings per share. Sell-side analysts predict that Marriott International, Inc. will post 9.26 EPS for the current year.

Marriott International Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Bank of America upped their target price on Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Barclays boosted their target price on Marriott International from $240.00 to $249.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 5th. Sanford C. Bernstein lifted their price target on Marriott International from $262.00 to $290.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Stifel Nicolaus raised their price objective on shares of Marriott International from $252.00 to $283.00 and gave the company a “hold” rating in a research note on Tuesday, November 26th. Finally, Robert W. Baird upped their target price on shares of Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Fourteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $263.70.

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.