Marriott International, Inc. (NASDAQ:MAR) Stock Holdings Lessened by STAR Financial Bank

STAR Financial Bank cut its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 17.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,850 shares of the company’s stock after selling 400 shares during the period. STAR Financial Bank’s holdings in Marriott International were worth $460,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of MAR. BDF Gestion purchased a new stake in Marriott International in the 2nd quarter worth about $3,013,000. Jensen Investment Management Inc. acquired a new stake in shares of Marriott International during the third quarter worth approximately $793,000. CWM LLC increased its stake in Marriott International by 518.7% in the 2nd 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. BayBridge Capital Group LLC acquired a new stake in shares of Marriott International during the 3rd quarter valued at $1,254,000. Finally, Kinsale Capital Group Inc. acquired a new position in shares of Marriott International in the third quarter worth $3,769,000. 70.70% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Marriott International

In related news, EVP Benjamin T. Breland sold 500 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total transaction of $137,245.00. Following the sale, the executive vice president now directly owns 12,286 shares in the company, valued at $3,372,384.14. This represents a 3.91 % decrease in their position. 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 business’s stock in a transaction on Tuesday, November 12th. The stock was 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 approximately $30,827,620.89. This represents a 7.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,108 shares of company stock worth $3,434,439 over the last three months. Company insiders own 12.32% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on MAR. BMO Capital Markets lifted their price objective on Marriott International from $255.00 to $265.00 and gave the company a “market perform” rating in a research report on Tuesday, November 5th. Sanford C. Bernstein increased their price objective on Marriott International from $262.00 to $290.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. TD Cowen dropped their price target on shares of Marriott International from $295.00 to $283.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. UBS Group reduced their price objective on shares of Marriott International from $267.00 to $244.00 and set a “neutral” rating for the company in a research note on Tuesday, August 13th. Finally, Mizuho lifted their price target on shares of Marriott International from $233.00 to $246.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Thirteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Marriott International has an average rating of “Hold” and a consensus price target of $259.00.

Marriott International Trading Up 0.3 %

Shares of NASDAQ MAR opened at $280.18 on Thursday. The firm has a market capitalization of $77.86 billion, a price-to-earnings ratio of 29.31, a PEG ratio of 5.49 and a beta of 1.58. Marriott International, Inc. has a one year low of $200.94 and a one year high of $289.04. The business has a fifty day simple moving average of $259.78 and a 200 day simple moving average of $242.73.

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

Marriott International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Thursday, November 21st will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.52 annualized dividend and a dividend yield of 0.90%. Marriott International’s dividend payout ratio (DPR) is presently 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.