Empower Advisory Group LLC Has $15.06 Million Holdings in Marriott International, Inc. (NASDAQ:MAR)

Empower Advisory Group LLC cut its holdings in Marriott International, Inc. (NASDAQ:MAR) by 0.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 60,586 shares of the company’s stock after selling 227 shares during the quarter. Empower Advisory Group LLC’s holdings in Marriott International were worth $15,062,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. raised its position 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 purchasing an additional 38 shares during the period. Rockland Trust Co. raised its position 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 period. Park Avenue Securities LLC raised its position in shares of Marriott International by 1.4% during the second quarter. Park Avenue Securities LLC now owns 3,298 shares of the company’s stock worth $797,000 after purchasing an additional 46 shares during the period. SeaCrest Wealth Management LLC raised its position in shares of Marriott International by 1.5% during the second quarter. SeaCrest Wealth Management LLC now owns 3,075 shares of the company’s stock worth $743,000 after purchasing an additional 46 shares during the period. Finally, Quent Capital LLC raised its position in shares of Marriott International by 7.9% during the first quarter. Quent Capital LLC now owns 644 shares of the company’s stock worth $162,000 after purchasing an additional 47 shares during the period. 70.70% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Marriott International

In related news, CEO Anthony Capuano sold 8,332 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $284.49, for a total transaction of $2,370,370.68. Following the sale, the chief executive officer now owns 108,361 shares of the company’s stock, valued at approximately $30,827,620.89. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO Anthony Capuano sold 8,332 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $284.49, for a total transaction of $2,370,370.68. Following the sale, the chief executive officer now owns 108,361 shares of the company’s stock, valued at approximately $30,827,620.89. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Benjamin T. Breland sold 500 shares of the 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 in the company, valued at $3,372,384.14. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,108 shares of company stock worth $3,434,439. 12.32% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on MAR. Robert W. Baird upped their target price on Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Morgan Stanley decreased their price target on Marriott International from $268.00 to $250.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. Wells Fargo & Company upped their price target on Marriott International from $238.00 to $261.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 22nd. Barclays upped their price target on Marriott International from $240.00 to $249.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 5th. Finally, Evercore ISI upped their price target on Marriott International from $245.00 to $270.00 and gave the stock an “in-line” rating in a report on Monday, October 21st. Thirteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Marriott International presently has an average rating of “Hold” and a consensus price target of $259.00.

Marriott International Stock Performance

MAR stock opened at $286.47 on Thursday. The company has a market capitalization of $79.61 billion, a price-to-earnings ratio of 29.97, a PEG ratio of 5.63 and a beta of 1.58. Marriott International, Inc. has a fifty-two week low of $199.98 and a fifty-two week high of $289.04. The stock has a fifty day moving average of $253.37 and a 200-day moving average of $240.86.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Monday, November 4th. The company reported $2.26 earnings per share for the quarter, missing the consensus estimate of $2.31 by ($0.05). The firm had revenue of $6.26 billion for 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%. The firm’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.11 EPS. Equities analysts predict that Marriott International, Inc. will post 9.26 EPS for the current year.

Marriott International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st will be paid 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 0.88%. Marriott International’s payout ratio is 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.