Mirabella Financial Services LLP Purchases 23,840 Shares of Marriott International, Inc. (NASDAQ:MAR)

Mirabella Financial Services LLP increased its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 539.9% during the third quarter, HoldingsChannel reports. The firm owned 28,256 shares of the company’s stock after buying an additional 23,840 shares during the period. Mirabella Financial Services LLP’s holdings in Marriott International were worth $7,024,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Brown Brothers Harriman & Co. lifted its stake in Marriott International by 7.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 4,456 shares of the company’s stock valued at $1,108,000 after acquiring an additional 291 shares during the period. Harvest Fund Management Co. Ltd lifted its position in Marriott International by 21.5% during the third quarter. Harvest Fund Management Co. Ltd now owns 12,980 shares of the company’s stock valued at $3,226,000 after purchasing an additional 2,294 shares during the period. Daiwa Securities Group Inc. boosted its holdings in Marriott International by 9.6% in the third quarter. Daiwa Securities Group Inc. now owns 47,238 shares of the company’s stock worth $11,743,000 after purchasing an additional 4,135 shares during the last quarter. Summit Trail Advisors LLC grew its position in Marriott International by 2.1% in the 3rd quarter. Summit Trail Advisors LLC now owns 4,730 shares of the company’s stock worth $1,176,000 after purchasing an additional 98 shares during the period. Finally, Larson Financial Group LLC raised its stake in Marriott International by 10.8% during the 3rd quarter. Larson Financial Group LLC now owns 379 shares of the company’s stock valued at $94,000 after buying an additional 37 shares during the last quarter. 70.70% of the stock is owned by hedge funds and other institutional investors.

Marriott International Stock Performance

MAR stock opened at $286.01 on Monday. The company has a market capitalization of $79.48 billion, a PE ratio of 29.74, a price-to-earnings-growth ratio of 5.59 and a beta of 1.58. The company’s fifty day moving average price is $261.88 and its 200-day moving average price is $243.45. Marriott International, Inc. has a one year low of $200.94 and a one year high of $289.04.

Marriott International (NASDAQ:MAR) last released 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 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 prior year, the business earned $2.11 EPS. On average, research analysts predict that Marriott International, Inc. will post 9.26 EPS for the current fiscal year.

Marriott International Announces Dividend

The firm also recently announced 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. This represents a $2.52 annualized dividend and a dividend yield of 0.88%. The ex-dividend date is Thursday, November 21st. Marriott International’s dividend payout ratio is 26.36%.

Analyst Ratings Changes

Several brokerages recently commented on MAR. Bank of America lifted their price objective on Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Mizuho upped 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. Wells Fargo & Company boosted their target price 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. The Goldman Sachs Group started coverage on shares of Marriott International in a research report on Wednesday, September 18th. They issued a “buy” rating and a $267.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Marriott International from $222.00 to $216.00 and set a “hold” rating for the company in a research report on Thursday, August 1st. Thirteen analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Marriott International presently has a consensus rating of “Hold” and an average target price of $259.00.

Insider Buying and Selling

In other news, CEO Anthony Capuano sold 8,332 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $284.49, for a total value 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 7.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 transaction of $137,245.00. Following the transaction, the executive vice president now directly owns 12,286 shares of the company’s stock, valued at approximately $3,372,384.14. This represents a 3.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,108 shares of company stock worth $3,434,439. Corporate insiders own 10.07% of the company’s stock.

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.