Marriott International, Inc. (NASDAQ:MAR) Stock Holdings Lifted by SpiderRock Advisors LLC

SpiderRock Advisors LLC increased its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 40.2% during the 3rd quarter, Holdings Channel.com reports. The fund owned 36,500 shares of the company’s stock after buying an additional 10,458 shares during the period. SpiderRock Advisors LLC’s holdings in Marriott International were worth $9,074,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of MAR. Bangor Savings Bank grew its position in shares of Marriott International by 131.1% during the second quarter. Bangor Savings Bank now owns 104 shares of the company’s stock worth $25,000 after acquiring an additional 59 shares during the last quarter. Hantz Financial Services Inc. acquired a new stake in shares of Marriott International in the second quarter valued at approximately $26,000. MFA Wealth Advisors LLC bought a new stake in shares of Marriott International during the second quarter valued at approximately $28,000. Silvant Capital Management LLC acquired a new position in shares of Marriott International during the third quarter worth approximately $31,000. Finally, Unique Wealth Strategies LLC acquired a new stake in Marriott International in the 2nd quarter valued at approximately $35,000. Institutional investors own 70.70% of the company’s stock.

Marriott International Price Performance

Shares of MAR opened at $280.80 on Friday. Marriott International, Inc. has a one year low of $192.27 and a one year high of $282.80. The company has a 50-day moving average of $251.24 and a two-hundred day moving average of $240.26. The stock has a market cap of $78.03 billion, a price-to-earnings ratio of 29.37, a PEG ratio of 6.05 and a beta of 1.58.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data 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 negative return on equity of 177.91% and a net margin of 11.18%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.11 earnings per share. Analysts anticipate that Marriott International, Inc. will post 9.27 earnings per share for the current year.

Marriott International Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 0.90%. Marriott International’s dividend payout ratio (DPR) is presently 26.36%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on MAR shares. Macquarie reissued a “neutral” rating and issued a $245.00 price target on shares of Marriott International in a research note on Tuesday. JPMorgan Chase & Co. increased their target price on shares of Marriott International from $235.00 to $255.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Marriott International from $222.00 to $216.00 and set a “hold” rating on the stock in a research report on Thursday, August 1st. The Goldman Sachs Group initiated coverage on shares of Marriott International in a report on Wednesday, September 18th. They issued a “buy” rating and a $267.00 price objective for the company. Finally, Evercore ISI boosted their target price 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 given a buy rating to the stock. According to data from MarketBeat, Marriott International presently has an average rating of “Hold” and an average price target of $259.00.

Insider Transactions at Marriott International

In other news, CAO Felitia Lee sold 916 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $276.48, for a total value of $253,255.68. Following the transaction, the chief accounting officer now directly owns 5,609 shares of the company’s stock, valued at approximately $1,550,776.32. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Marriott International news, EVP Benjamin T. Breland sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $274.49, for a total value of $137,245.00. Following the completion of the sale, the executive vice president now directly owns 12,286 shares of the company’s stock, valued at $3,372,384.14. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Felitia Lee sold 916 shares of the firm’s 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 transaction, the chief accounting officer now owns 5,609 shares in the company, valued at $1,550,776.32. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 12.32% of the stock is owned by insiders.

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.