16,447 Shares in Marriott International, Inc. (NASDAQ:MAR) Purchased by CWA Asset Management Group LLC

CWA Asset Management Group LLC purchased a new stake in Marriott International, Inc. (NASDAQ:MAR) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 16,447 shares of the company’s stock, valued at approximately $4,089,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BDF Gestion acquired a new position in Marriott International in the 2nd quarter worth about $3,013,000. CWM LLC raised its stake in shares of Marriott International by 518.7% during the 2nd quarter. CWM LLC now owns 47,519 shares of the company’s stock worth $11,489,000 after buying an additional 39,839 shares during the period. BayBridge Capital Group LLC acquired a new stake in Marriott International in the 3rd quarter valued at $1,254,000. Susquehanna Fundamental Investments LLC purchased a new stake in Marriott International in the 2nd quarter worth $3,844,000. Finally, Wealth Enhancement Advisory Services LLC raised its position in Marriott International by 1.9% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 39,751 shares of the company’s stock worth $9,611,000 after acquiring an additional 753 shares during the period. Institutional investors and hedge funds own 70.70% of the company’s stock.

Insider Activity

In other Marriott International news, EVP Benjamin T. Breland sold 500 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $274.49, for a total transaction of $137,245.00. Following the sale, the executive vice president now directly owns 12,286 shares in the company, valued at $3,372,384.14. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Marriott International news, CAO Felitia Lee sold 916 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $276.48, for a total transaction of $253,255.68. Following the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Benjamin T. Breland sold 500 shares of Marriott International stock in a transaction dated 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 transaction, the executive vice president now owns 12,286 shares of the company’s stock, valued at $3,372,384.14. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 12.32% of the company’s stock.

Marriott International Stock Up 1.1 %

NASDAQ:MAR opened at $280.80 on Friday. The company has a market capitalization of $78.03 billion, a P/E ratio of 29.37, a P/E/G ratio of 6.05 and a beta of 1.58. Marriott International, Inc. has a 52 week low of $192.27 and a 52 week high of $282.80. The stock’s fifty day moving average is $251.24 and its two-hundred day moving average is $240.26.

Marriott International (NASDAQ:MAR) last posted its earnings results on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). The company 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 company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company earned $2.11 EPS. Sell-side analysts anticipate that Marriott International, Inc. will post 9.27 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The company also recently declared 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. This represents a $2.52 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date is Thursday, November 21st. Marriott International’s dividend payout ratio (DPR) is 26.36%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Sanford C. Bernstein boosted their target price on shares of Marriott International from $262.00 to $290.00 and gave the stock an “outperform” rating in a research note on Tuesday. Barclays increased their target price on Marriott International from $240.00 to $249.00 and gave the company an “equal weight” rating in a report on Tuesday. Robert W. Baird boosted their price target on Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a research report on Tuesday. The Goldman Sachs Group started coverage on shares of Marriott International in a research note on Wednesday, September 18th. They set a “buy” rating and a $267.00 target price on the stock. Finally, Mizuho raised their price target on shares of Marriott International from $233.00 to $246.00 and gave the stock a “neutral” rating in a research note on Tuesday. Thirteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average 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.