Marriott International, Inc. (NASDAQ:MAR) Shares Purchased by Connable Office Inc.

Connable Office Inc. raised its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 0.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,435 shares of the company’s stock after buying an additional 71 shares during the quarter. Connable Office Inc.’s holdings in Marriott International were worth $3,091,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Bangor Savings Bank raised its holdings in Marriott International by 131.1% in the 2nd quarter. Bangor Savings Bank now owns 104 shares of the company’s stock valued at $25,000 after acquiring an additional 59 shares during the last quarter. Hantz Financial Services Inc. acquired a new stake in shares of Marriott International in the second quarter valued at approximately $26,000. MFA Wealth Advisors LLC purchased a new position in Marriott International during the second quarter worth approximately $28,000. Silvant Capital Management LLC purchased a new stake in Marriott International in the 3rd quarter valued at $31,000. Finally, Unique Wealth Strategies LLC acquired a new stake in shares of Marriott International in the 2nd quarter worth $35,000. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on MAR shares. Wells Fargo & Company boosted their price target on shares of Marriott International from $238.00 to $261.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft cut their price target on shares of Marriott International from $222.00 to $216.00 and set a “hold” rating for the company in a report on Thursday, August 1st. JPMorgan Chase & Co. upped their price objective on Marriott International from $235.00 to $255.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Morgan Stanley cut their target price on Marriott International from $268.00 to $250.00 and set an “overweight” rating for the company in a research note on Tuesday, August 6th. Finally, Sanford C. Bernstein upped their price target on Marriott International from $262.00 to $290.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Thirteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $259.00.

Insider Activity at Marriott International

In related news, CFO Kathleen K. Oberg sold 2,360 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $285.41, for a total value of $673,567.60. Following the transaction, the chief financial officer now directly owns 39,726 shares of the company’s stock, valued at $11,338,197.66. This trade represents a 5.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Benjamin T. Breland sold 500 shares of the company’s stock in a transaction 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 completion of the transaction, the executive vice president now owns 12,286 shares of the company’s stock, 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 have sold 12,108 shares of company stock valued at $3,434,439 over the last quarter. 12.32% of the stock is owned by insiders.

Marriott International Trading Down 1.6 %

Shares of NASDAQ MAR opened at $282.02 on Friday. Marriott International, Inc. has a 12-month low of $200.94 and a 12-month high of $289.04. The stock has a market cap of $78.37 billion, a P/E ratio of 29.50, a PEG ratio of 5.63 and a beta of 1.58. The business’s fifty day simple moving average is $254.51 and its 200-day simple moving average is $241.18.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data 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 company had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.27 billion. Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.11 EPS. On average, equities analysts forecast that Marriott International, Inc. will post 9.26 EPS for the current fiscal year.

Marriott International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Thursday, November 21st will be paid 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 0.89%. Marriott International’s payout ratio is currently 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.