Marriott International, Inc. (NASDAQ:MAR) Shares Bought by Brooklyn Investment Group

Brooklyn Investment Group raised its stake in Marriott International, Inc. (NASDAQ:MAR) by 42.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,385 shares of the company’s stock after acquiring an additional 410 shares during the period. Brooklyn Investment Group’s holdings in Marriott International were worth $344,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MAR. BDF Gestion bought a new stake in shares of Marriott International during the second quarter valued at approximately $3,013,000. Jensen Investment Management Inc. bought a new stake in shares of Marriott International during the third quarter valued at approximately $793,000. CWM LLC raised its holdings in Marriott International by 518.7% during the second quarter. CWM LLC now owns 47,519 shares of the company’s stock worth $11,489,000 after purchasing an additional 39,839 shares in the last quarter. BayBridge Capital Group LLC bought a new stake in Marriott International during the third quarter worth approximately $1,254,000. Finally, Kinsale Capital Group Inc. bought a new stake in Marriott International during the third quarter worth approximately $3,769,000. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Marriott International Price Performance

Marriott International stock opened at $288.18 on Wednesday. The firm has a market cap of $80.08 billion, a price-to-earnings ratio of 30.14, a P/E/G ratio of 5.67 and a beta of 1.58. Marriott International, Inc. has a fifty-two week low of $200.94 and a fifty-two week high of $289.80. The firm has a fifty day moving average price of $264.04 and a two-hundred day moving average price of $244.14.

Marriott International (NASDAQ:MAR) last released its earnings results on Monday, November 4th. The company reported $2.26 earnings per share for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). The firm had revenue of $6.26 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the firm earned $2.11 EPS. As a group, sell-side analysts expect that Marriott International, Inc. will post 9.26 earnings per share for the current year.

Marriott International Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date is Thursday, November 21st. Marriott International’s dividend payout ratio is currently 26.36%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. UBS Group dropped their target price on Marriott International from $267.00 to $244.00 and set a “neutral” rating on the stock in a report on Tuesday, August 13th. TD Cowen dropped their target price on Marriott International from $295.00 to $283.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. BMO Capital Markets upped their price target on Marriott International from $255.00 to $265.00 and gave the company a “market perform” rating in a report on Tuesday, November 5th. Wells Fargo & Company upped their price target on Marriott International from $238.00 to $261.00 and gave the company an “equal weight” rating in a report on Tuesday, October 22nd. Finally, Barclays upped their price target on Marriott International from $240.00 to $249.00 and gave the company an “equal weight” rating in a report on Tuesday, November 5th. Fourteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Marriott International has a consensus rating of “Hold” and a consensus price target of $260.20.

Insider Activity

In related news, insider William P. Brown sold 1,707 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $284.30, for a total value of $485,300.10. Following the sale, the insider now owns 23,077 shares of the company’s stock, valued at $6,560,791.10. The trade was a 6.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Felitia Lee sold 916 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $276.48, for a total transaction of $253,255.68. Following the completion of the sale, the chief accounting officer now directly owns 5,609 shares in the company, valued at approximately $1,550,776.32. The trade was a 14.04 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,815 shares of company stock valued at $3,919,739. Insiders own 10.07% of the company’s stock.

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.