Patron Partners LLC Has $886,000 Holdings in Marriott International, Inc. (NASDAQ:MAR)

Patron Partners LLC lifted its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 18.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,562 shares of the company’s stock after purchasing an additional 558 shares during the quarter. Patron Partners LLC’s holdings in Marriott International were worth $886,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of MAR. Harbor Capital Advisors Inc. increased its holdings in shares of Marriott International by 0.4% during the third quarter. Harbor Capital Advisors Inc. now owns 8,698 shares of the company’s stock worth $2,162,000 after buying an additional 38 shares in the last quarter. Rockland Trust Co. grew its holdings in shares of Marriott International by 2.3% during the second quarter. Rockland Trust Co. now owns 1,802 shares of the company’s stock worth $436,000 after purchasing an additional 41 shares during the last quarter. Park Avenue Securities LLC raised its holdings in Marriott International by 1.4% in the 2nd quarter. Park Avenue Securities LLC now owns 3,298 shares of the company’s stock valued at $797,000 after buying an additional 46 shares during the last quarter. SeaCrest Wealth Management LLC boosted its position in Marriott International by 1.5% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 3,075 shares of the company’s stock worth $743,000 after buying an additional 46 shares during the period. Finally, Quent Capital LLC increased its position in Marriott International by 7.9% in the 1st quarter. Quent Capital LLC now owns 644 shares of the company’s stock valued at $162,000 after acquiring an additional 47 shares during the period. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Stock Performance

Shares of NASDAQ MAR opened at $285.91 on Tuesday. The stock has a 50 day moving average price of $252.26 and a 200 day moving average price of $240.54. The firm has a market capitalization of $79.45 billion, a price-to-earnings ratio of 29.91, a PEG ratio of 6.15 and a beta of 1.58. Marriott International, Inc. has a 52-week low of $196.24 and a 52-week high of $286.19.

Marriott International (NASDAQ:MAR) last announced its earnings results 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). Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The company had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.27 billion. During the same period last year, the business posted $2.11 EPS. The firm’s revenue was up 5.5% compared to the same quarter last year. Analysts forecast that Marriott International, Inc. will post 9.27 earnings per share for the current year.

Marriott International Announces Dividend

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 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 yield of 0.88%. Marriott International’s payout ratio is 26.36%.

Insider Activity at Marriott International

In related news, CAO Felitia Lee sold 916 shares of Marriott International stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $276.48, for a total value of $253,255.68. Following the completion of the transaction, the chief accounting officer now owns 5,609 shares in the company, valued at $1,550,776.32. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Marriott International news, CAO Felitia Lee sold 916 shares of Marriott International stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $276.48, for a total transaction of $253,255.68. Following the sale, the chief accounting officer now owns 5,609 shares of the company’s stock, valued at $1,550,776.32. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Benjamin T. Breland sold 500 shares of the stock in a transaction dated 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 sale, the executive vice president now owns 12,286 shares of the company’s stock, valued at $3,372,384.14. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.32% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently commented on MAR. Mizuho upped their target price on Marriott International from $233.00 to $246.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. UBS Group lowered their target price 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. Bank of America upped their price target on shares of Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, October 21st. BMO Capital Markets boosted their price objective on Marriott International from $255.00 to $265.00 and gave the company a “market perform” rating in a research note on Tuesday, November 5th. Finally, JPMorgan Chase & Co. raised their target price on Marriott International from $235.00 to $255.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. Thirteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $259.00.

Marriott International Company 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.