Savvy Advisors Inc. Has $556,000 Stake in Marriott International, Inc. (NASDAQ:MAR)

Savvy Advisors Inc. raised its stake in Marriott International, Inc. (NASDAQ:MAR) by 3.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,236 shares of the company’s stock after buying an additional 81 shares during the quarter. Savvy Advisors Inc.’s holdings in Marriott International were worth $556,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Bangor Savings Bank increased its holdings 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 buying an additional 59 shares during the last quarter. Hantz Financial Services Inc. bought a new position in shares of Marriott International during the 2nd quarter valued at $26,000. MFA Wealth Advisors LLC bought a new stake in Marriott International in the second quarter worth $28,000. Silvant Capital Management LLC acquired a new position in Marriott International during the third quarter worth $31,000. Finally, Unique Wealth Strategies LLC acquired a new stake in shares of Marriott International in the second quarter worth about $35,000. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Marriott International Price Performance

NASDAQ MAR opened at $286.02 on Wednesday. The stock’s 50 day simple moving average is $252.26 and its 200 day simple moving average is $240.54. Marriott International, Inc. has a one year low of $196.24 and a one year high of $287.00. The firm has a market cap of $79.48 billion, a PE ratio of 29.92, a price-to-earnings-growth ratio of 6.27 and a beta of 1.58.

Marriott International (NASDAQ:MAR) last issued its earnings results on Monday, November 4th. The company reported $2.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.31 by ($0.05). The business had revenue of $6.26 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the business posted $2.11 EPS. As a group, equities analysts expect that Marriott International, Inc. will post 9.26 earnings per share for the current year.

Marriott International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Thursday, November 21st will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend is Thursday, November 21st. Marriott International’s dividend payout ratio is currently 26.36%.

Insiders Place Their Bets

In other news, CAO Felitia Lee sold 916 shares of the firm’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 of the company’s stock, valued at $1,550,776.32. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CAO Felitia Lee sold 916 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $276.48, for a total value of $253,255.68. Following the sale, the chief accounting officer now directly owns 5,609 shares of the company’s stock, valued at approximately $1,550,776.32. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 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 position. The disclosure for this sale can be found here. Corporate insiders own 10.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on MAR shares. BMO Capital Markets raised their price objective on Marriott International from $255.00 to $265.00 and gave the company a “market perform” rating in a research note on Tuesday, November 5th. TD Cowen reduced their price objective 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, November 5th. Sanford C. Bernstein raised their target price on shares of Marriott International from $262.00 to $290.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. The Goldman Sachs Group started coverage on shares of Marriott International in a report on Wednesday, September 18th. They set a “buy” rating and a $267.00 price target for the company. Finally, Evercore ISI boosted their price objective on Marriott International from $245.00 to $270.00 and gave the stock an “in-line” rating in a research report on Monday, October 21st. Thirteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $259.00.

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.