Marriott International, Inc. (NASDAQ:MAR) Shares Bought by Aureus Asset Management LLC

Aureus Asset Management LLC raised its position in Marriott International, Inc. (NASDAQ:MAR) by 20.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 24,582 shares of the company’s stock after acquiring an additional 4,247 shares during the quarter. Aureus Asset Management LLC’s holdings in Marriott International were worth $6,111,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of MAR. Bangor Savings Bank grew its position in Marriott International by 131.1% in the 2nd quarter. Bangor Savings Bank now owns 104 shares of the company’s stock valued at $25,000 after acquiring an additional 59 shares in the last quarter. Hantz Financial Services Inc. purchased a new position in shares of Marriott International in the 2nd quarter valued at about $26,000. MFA Wealth Advisors LLC purchased a new position in shares of Marriott International in the 2nd quarter valued at about $28,000. Silvant Capital Management LLC purchased a new position in shares of Marriott International in the 3rd quarter valued at about $31,000. Finally, Darwin Wealth Management LLC purchased a new position in shares of Marriott International in the 3rd quarter valued at about $33,000. 70.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on MAR shares. Stifel Nicolaus lifted their price objective on Marriott International from $252.00 to $283.00 and gave the company a “hold” rating in a research note on Tuesday, November 26th. The Goldman Sachs Group began coverage on Marriott International in a research note on Wednesday, September 18th. They issued a “buy” rating and a $267.00 price objective for the company. BMO Capital Markets boosted their target price on Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 5th. Morgan Stanley decreased their target price on Marriott International from $268.00 to $250.00 and set an “overweight” rating for the company in a research note on Tuesday, August 6th. Finally, TD Cowen decreased their target price on Marriott International from $295.00 to $283.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Fourteen 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 currently has an average rating of “Hold” and a consensus price target of $260.20.

Marriott International Trading Up 1.2 %

MAR stock opened at $289.09 on Monday. The company has a market capitalization of $80.34 billion, a P/E ratio of 30.24, a PEG ratio of 5.69 and a beta of 1.58. Marriott International, Inc. has a twelve month low of $200.94 and a twelve month high of $290.43. The business has a 50 day simple moving average of $266.70 and a 200-day simple moving average of $245.20.

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). Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The firm had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.27 billion. During the same period in the previous year, the company posted $2.11 earnings per share. Marriott International’s revenue was up 5.5% compared to the same quarter last year. Research analysts predict that Marriott International, Inc. will post 9.26 EPS for the current fiscal year.

Marriott International Announces Dividend

The business 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 0.87%. The ex-dividend date of this dividend is Thursday, November 21st. Marriott International’s dividend payout ratio (DPR) is presently 26.36%.

Insider Transactions at Marriott International

In other Marriott International news, EVP Benjamin T. Breland sold 500 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total value of $137,245.00. Following the completion of the transaction, the executive vice president now owns 12,286 shares in the company, valued at approximately $3,372,384.14. This represents a 3.91 % 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. Also, insider William P. Brown sold 1,707 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $284.30, for a total value of $485,300.10. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders sold 13,815 shares of company stock worth $3,919,739 over the last 90 days. 12.32% of the stock is currently 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.