Marriott International, Inc. (NASDAQ:MAR) Holdings Lifted by Private Trust Co. NA

Private Trust Co. NA raised its holdings in Marriott International, Inc. (NASDAQ:MAR) by 3.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,008 shares of the company’s stock after acquiring an additional 113 shares during the quarter. Private Trust Co. NA’s holdings in Marriott International were worth $748,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Canoe Financial LP acquired a new position in Marriott International in the third quarter worth approximately $77,331,000. International Assets Investment Management LLC grew its holdings in shares of Marriott International by 15,148.3% in the 3rd quarter. International Assets Investment Management LLC now owns 302,527 shares of the company’s stock worth $75,208,000 after acquiring an additional 300,543 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Marriott International by 36,856.7% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 241,327 shares of the company’s stock valued at $58,346,000 after purchasing an additional 240,674 shares during the last quarter. AXA S.A. boosted its position in shares of Marriott International by 133.4% in the 2nd quarter. AXA S.A. now owns 221,045 shares of the company’s stock valued at $53,442,000 after purchasing an additional 126,323 shares during the period. Finally, Mizuho Securities USA LLC raised its holdings in Marriott International by 629.7% during the 3rd quarter. Mizuho Securities USA LLC now owns 134,973 shares of the company’s stock worth $33,554,000 after buying an additional 116,477 shares during the period. Institutional investors own 70.70% of the company’s stock.

Insider Buying and Selling at Marriott International

In other news, insider William P. Brown sold 1,707 shares of the stock in a transaction on Friday, November 22nd. The shares were 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 in the company, valued at approximately $6,560,791.10. This represents a 6.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Anthony Capuano sold 8,332 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $284.49, for a total transaction of $2,370,370.68. Following the completion of the sale, the chief executive officer now directly owns 108,361 shares in the company, valued at approximately $30,827,620.89. The trade was a 7.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,815 shares of company stock valued at $3,919,739 in the last ninety days. Company insiders own 10.07% of the company’s stock.

Marriott International Stock Up 0.1 %

NASDAQ:MAR opened at $288.18 on Wednesday. The company’s 50 day moving average is $264.04 and its 200-day moving average is $244.14. The firm has a market cap of $80.08 billion, a price-to-earnings ratio of 30.14, a P/E/G ratio of 5.67 and a beta of 1.58. Marriott International, Inc. has a 12 month low of $200.94 and a 12 month high of $289.80.

Marriott International (NASDAQ:MAR) last issued its quarterly 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). Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The business had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.27 billion. During the same period in the prior year, the business posted $2.11 earnings per share. The company’s revenue for the quarter 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 announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Thursday, November 21st will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date is Thursday, November 21st. Marriott International’s dividend payout ratio (DPR) is currently 26.36%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Mizuho lifted their target price on shares of Marriott International from $233.00 to $246.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft reduced their target price on Marriott International from $222.00 to $216.00 and set a “hold” rating for the company in a report on Thursday, August 1st. Sanford C. Bernstein upped their price target on Marriott International from $262.00 to $290.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. UBS Group lowered 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. Finally, TD Cowen decreased their price target on shares of Marriott International from $295.00 to $283.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Fourteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $260.20.

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.