Marriott International, Inc. (NASDAQ:MAR) Stock Holdings Lowered by Carson Advisory Inc.

Carson Advisory Inc. trimmed its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 18.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,647 shares of the company’s stock after selling 587 shares during the period. Carson Advisory Inc.’s holdings in Marriott International were worth $658,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of MAR. Harbor Capital Advisors Inc. boosted its position in shares of Marriott International by 0.4% in the third quarter. Harbor Capital Advisors Inc. now owns 8,698 shares of the company’s stock valued at $2,162,000 after acquiring an additional 38 shares during the period. Rockland Trust Co. boosted its holdings in Marriott International by 2.3% in the 2nd quarter. Rockland Trust Co. now owns 1,802 shares of the company’s stock valued at $436,000 after purchasing an additional 41 shares during the period. Park Avenue Securities LLC increased its holdings in shares of Marriott International by 1.4% during the 2nd 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 valued at $743,000 after buying an additional 46 shares during the last quarter. Finally, Quent Capital LLC grew its position in 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 buying an additional 47 shares in the last quarter. Institutional investors own 70.70% of the company’s stock.

Insider Buying and Selling

In other news, EVP Benjamin T. Breland sold 500 shares of Marriott International stock in a transaction that occurred on 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 in the company, valued at $3,372,384.14. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Marriott International news, EVP Benjamin T. Breland sold 500 shares of the firm’s 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 owns 12,286 shares in the company, valued at approximately $3,372,384.14. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Felitia Lee sold 916 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now directly 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 disclosure for this sale can be found here. Corporate insiders own 12.32% of the company’s stock.

Marriott International Stock Up 1.1 %

Shares of NASDAQ MAR opened at $280.80 on Friday. The company has a market cap of $78.03 billion, a price-to-earnings ratio of 29.37, a price-to-earnings-growth ratio of 6.05 and a beta of 1.58. Marriott International, Inc. has a 12-month low of $192.27 and a 12-month high of $282.80. The firm’s 50-day simple moving average is $251.24 and its 200 day simple moving average is $240.26.

Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Monday, November 4th. The company reported $2.26 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 company earned $2.11 earnings per share. Marriott International’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, equities analysts expect that Marriott International, Inc. will post 9.27 earnings per share 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. This represents a $2.52 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend is Thursday, November 21st. Marriott International’s dividend payout ratio (DPR) is presently 26.36%.

Analyst Upgrades and Downgrades

MAR has been the subject of a number of research reports. Bank of America raised their price objective on Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Macquarie reiterated a “neutral” rating and set a $245.00 price target on shares of Marriott International in a research note on Tuesday. BMO Capital Markets raised their price objective on shares of Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a report on Tuesday. Morgan Stanley lowered their target price on shares of Marriott International from $268.00 to $250.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. Finally, TD Cowen cut their price target on shares of Marriott International from $295.00 to $283.00 and set a “buy” rating for the company in a research note on Tuesday. Thirteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target 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.