Windward Capital Management Co. CA Trims Position in Marriott International, Inc. (NASDAQ:MAR)

Windward Capital Management Co. CA trimmed its stake in Marriott International, Inc. (NASDAQ:MAR) by 0.4% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 112,523 shares of the company’s stock after selling 460 shares during the period. Marriott International makes up about 2.1% of Windward Capital Management Co. CA’s investment portfolio, making the stock its 15th biggest position. Windward Capital Management Co. CA’s holdings in Marriott International were worth $27,973,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of MAR. Bangor Savings Bank grew its stake in Marriott International by 131.1% in the second quarter. Bangor Savings Bank now owns 104 shares of the company’s stock worth $25,000 after purchasing an additional 59 shares in the last quarter. Hantz Financial Services Inc. purchased a new stake in shares of Marriott International in the 2nd quarter worth $26,000. MFA Wealth Advisors LLC bought a new position in shares of Marriott International during the 2nd quarter worth $28,000. Silvant Capital Management LLC bought a new stake in shares of Marriott International in the third quarter valued at about $31,000. Finally, Unique Wealth Strategies LLC purchased a new stake in Marriott International in the second quarter worth about $35,000. 70.70% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Marriott International

In related news, EVP Benjamin T. Breland sold 500 shares of the stock in a transaction 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 sale, the executive vice president now directly owns 12,286 shares of the company’s stock, valued at approximately $3,372,384.14. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CAO Felitia Lee sold 916 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was 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 trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Benjamin T. Breland sold 500 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was 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 directly owns 12,286 shares of the company’s stock, valued at approximately $3,372,384.14. 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.

Wall Street Analyst Weigh In

MAR has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their price target on shares of Marriott International from $235.00 to $255.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Macquarie reissued a “neutral” rating and issued a $245.00 price objective on shares of Marriott International in a research note on Tuesday. Mizuho increased their target price on Marriott International from $233.00 to $246.00 and gave the company a “neutral” rating in a research report on Tuesday. TD Cowen decreased their price objective on Marriott International from $295.00 to $283.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Marriott International from $222.00 to $216.00 and set a “hold” rating for the company in a research report on Thursday, August 1st. Thirteen analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Marriott International presently has an average rating of “Hold” and a consensus price target of $259.00.

Marriott International Price Performance

NASDAQ:MAR opened at $280.80 on Friday. The company’s fifty day moving average price is $251.24 and its 200-day moving average price is $240.26. Marriott International, Inc. has a 1-year low of $192.27 and a 1-year high of $282.80. The firm has a market capitalization of $78.03 billion, a P/E ratio of 29.37, a PEG ratio of 6.05 and a beta of 1.58.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results 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 company had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.27 billion. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. Marriott International’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the business posted $2.11 earnings per share. Equities analysts anticipate that Marriott International, Inc. will post 9.27 EPS for the current fiscal year.

Marriott International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, November 21st will be given a $0.63 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.52 annualized dividend and a yield of 0.90%. Marriott International’s dividend payout ratio 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.