Marriott International, Inc. (NASDAQ:MAR) Shares Sold by Raymond James Trust N.A.

Raymond James Trust N.A. reduced its holdings in Marriott International, Inc. (NASDAQ:MAR) by 5.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 7,078 shares of the company’s stock after selling 393 shares during the quarter. Raymond James Trust N.A.’s holdings in Marriott International were worth $1,760,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. BDF Gestion bought a new stake in Marriott International in the second quarter valued at $3,013,000. Jensen Investment Management Inc. bought a new stake in Marriott International in the 3rd quarter valued at about $793,000. CWM LLC grew its position in Marriott International by 518.7% in the 2nd quarter. CWM LLC now owns 47,519 shares of the company’s stock worth $11,489,000 after purchasing an additional 39,839 shares during the last quarter. BayBridge Capital Group LLC acquired a new stake in shares of Marriott International in the third quarter valued at approximately $1,254,000. Finally, Kinsale Capital Group Inc. acquired a new position in shares of Marriott International during the third quarter worth approximately $3,769,000. Institutional investors own 70.70% of the company’s stock.

Marriott International Stock Up 0.3 %

NASDAQ:MAR opened at $284.29 on Friday. The stock has a fifty day simple moving average of $261.88 and a 200 day simple moving average of $243.39. The firm has a market capitalization of $79.00 billion, a price-to-earnings ratio of 29.74, a price-to-earnings-growth ratio of 5.58 and a beta of 1.58. Marriott International, Inc. has a 1-year low of $200.94 and a 1-year high of $289.04.

Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Monday, November 4th. The company reported $2.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $6.27 billion. During the same quarter in the prior year, the firm earned $2.11 EPS. The firm’s revenue was up 5.5% compared to the same quarter last year. Equities analysts predict that Marriott International, Inc. will post 9.26 earnings per share for the current year.

Marriott International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.63 per share. The ex-dividend date is Thursday, November 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.89%. Marriott International’s dividend payout ratio is 26.36%.

Wall Street Analyst Weigh In

MAR has been the topic of several recent analyst reports. UBS Group cut their target price on Marriott International from $267.00 to $244.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 13th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Marriott International from $222.00 to $216.00 and set a “hold” rating for the company in a report on Thursday, August 1st. TD Cowen dropped their price target on shares of Marriott International from $295.00 to $283.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Sanford C. Bernstein increased their price objective on shares of Marriott International from $262.00 to $290.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Finally, Bank of America boosted their target price 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 issued a buy rating to the company. Based on data from MarketBeat.com, Marriott International currently has a consensus rating of “Hold” and a consensus price target of $259.00.

Insider Buying and Selling

In other Marriott International news, EVP Benjamin T. Breland sold 500 shares of Marriott International 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 completion of the sale, the executive vice president now owns 12,286 shares of the company’s stock, valued at $3,372,384.14. This trade represents a 3.91 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 transaction of $253,255.68. Following the completion of the transaction, the chief accounting officer now directly owns 5,609 shares in the company, valued at $1,550,776.32. This trade represents a 14.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,108 shares of company stock valued at $3,434,439. Corporate insiders own 12.32% of the company’s stock.

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.