Moran Wealth Management LLC Boosts Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

Moran Wealth Management LLC lifted its stake in Marriott International, Inc. (NASDAQ:MAR) by 2.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 2,562 shares of the company’s stock after purchasing an additional 53 shares during the quarter. Moran Wealth Management LLC’s holdings in Marriott International were worth $637,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Canoe Financial LP purchased a new stake in shares of Marriott International during the 3rd quarter valued at $77,331,000. International Assets Investment Management LLC raised its position in shares of Marriott International by 15,148.3% in the 3rd quarter. International Assets Investment Management LLC now owns 302,527 shares of the company’s stock valued at $75,208,000 after purchasing an additional 300,543 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of Marriott International by 36,856.7% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 241,327 shares of the company’s stock worth $58,346,000 after buying an additional 240,674 shares during the last quarter. AXA S.A. lifted its position in Marriott International by 133.4% during the 2nd quarter. AXA S.A. now owns 221,045 shares of the company’s stock worth $53,442,000 after acquiring an additional 126,323 shares during the period. Finally, Mizuho Securities USA LLC lifted its holdings in shares of Marriott International by 629.7% during the third quarter. Mizuho Securities USA LLC now owns 134,973 shares of the company’s stock worth $33,554,000 after purchasing an additional 116,477 shares during the period. 70.70% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CAO Felitia Lee sold 916 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $276.48, for a total value of $253,255.68. Following the transaction, the chief accounting officer now owns 5,609 shares of the company’s stock, valued at $1,550,776.32. This represents a 14.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 value of $137,245.00. Following 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 3.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,108 shares of company stock valued at $3,434,439. 12.32% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MAR. Sanford C. Bernstein increased their price objective on shares of Marriott International from $262.00 to $290.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Barclays lifted their price target on Marriott International from $240.00 to $249.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 5th. The Goldman Sachs Group started coverage on shares of Marriott International in a research note on Wednesday, September 18th. They issued a “buy” rating and a $267.00 target price for 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 research report on Tuesday, August 13th. Finally, Bank of America upped their price target on Marriott International from $275.00 to $300.00 and gave the stock a “buy” 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. Based on data from MarketBeat.com, Marriott International has a consensus rating of “Hold” and an average target price of $259.00.

Marriott International Stock Up 0.3 %

Marriott International stock opened at $284.29 on Friday. The company has a fifty day simple moving average of $261.88 and a 200-day simple moving average of $243.34. The firm has a market capitalization of $79.00 billion, a price-to-earnings ratio of 29.74, a PEG ratio of 5.49 and a beta of 1.58. Marriott International, Inc. has a 52-week low of $200.94 and a 52-week high of $289.04.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). The business had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.27 billion. Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The firm’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.11 EPS. On average, research analysts anticipate that Marriott International, Inc. will post 9.26 EPS for the current fiscal year.

Marriott International Announces Dividend

The business 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 $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend is Thursday, November 21st. Marriott International’s dividend payout ratio (DPR) is presently 26.36%.

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.