CreativeOne Wealth LLC Purchases 123 Shares of Marriott International, Inc. (NASDAQ:MAR)

CreativeOne Wealth LLC grew its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 7.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,772 shares of the company’s stock after acquiring an additional 123 shares during the quarter. CreativeOne Wealth LLC’s holdings in Marriott International were worth $441,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Bangor Savings Bank raised its stake in shares of Marriott International by 131.1% in the second quarter. Bangor Savings Bank now owns 104 shares of the company’s stock worth $25,000 after purchasing an additional 59 shares during the last quarter. Hantz Financial Services Inc. bought a new stake in Marriott International during the second quarter worth $26,000. MFA Wealth Advisors LLC purchased a new stake in Marriott International in the 2nd quarter valued at $28,000. Silvant Capital Management LLC purchased a new position in Marriott International during the 3rd quarter worth $31,000. Finally, Darwin Wealth Management LLC bought a new stake in shares of Marriott International in the 3rd quarter worth $33,000. 70.70% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider William P. Brown sold 1,707 shares of the 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 transaction, the insider now owns 23,077 shares of the company’s stock, 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 through the SEC website. Also, EVP Benjamin T. Breland sold 500 shares of Marriott International stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total value of $137,245.00. Following the sale, the executive vice president now directly owns 12,286 shares of the company’s stock, valued at approximately $3,372,384.14. This trade represents a 3.91 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,815 shares of company stock worth $3,919,739. Insiders own 12.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on MAR shares. Barclays boosted their price target on shares of Marriott International from $240.00 to $249.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 5th. The Goldman Sachs Group started coverage on Marriott International in a report on Wednesday, September 18th. They issued a “buy” rating and a $267.00 target price for the company. UBS Group dropped their price target on Marriott International from $267.00 to $244.00 and set a “neutral” rating on the stock in a report on Tuesday, August 13th. Sanford C. Bernstein raised their target price on Marriott International from $262.00 to $290.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Finally, Truist Financial cut their price target on shares of Marriott International from $263.00 to $254.00 and set a “hold” rating on the stock in a report on Tuesday, August 6th. Fourteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $260.20.

Marriott International Trading Up 1.2 %

Shares of Marriott International stock opened at $289.09 on Monday. The company’s 50-day moving average price is $266.70 and its 200-day moving average price is $245.20. The company has a market cap of $80.34 billion, a price-to-earnings ratio of 30.24, a PEG ratio of 5.69 and a beta of 1.58. Marriott International, Inc. has a 12-month low of $200.94 and a 12-month high of $290.43.

Marriott International (NASDAQ:MAR) last announced its quarterly 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). Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The firm had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.27 billion. During the same period in the previous year, the business earned $2.11 earnings per share. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, sell-side analysts predict that Marriott International, Inc. will post 9.26 earnings per share for the current year.

Marriott International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.87%. Marriott International’s dividend payout ratio (DPR) is presently 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.