Atria Investments Inc Reduces Stake in Marriott International, Inc. (NASDAQ:MAR)

Atria Investments Inc cut its position in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 44.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,807 shares of the company's stock after selling 3,781 shares during the quarter. Atria Investments Inc's holdings in Marriott International were worth $1,195,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of MAR. Canoe Financial LP acquired a new position in Marriott International during the 3rd quarter valued at $77,331,000. International Assets Investment Management LLC lifted its stake in shares of Marriott International by 15,148.3% in the third quarter. International Assets Investment Management LLC now owns 302,527 shares of the company's stock valued at $75,208,000 after buying an additional 300,543 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its stake in 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 acquiring an additional 240,674 shares during the period. Capital International Investors raised its holdings in Marriott International by 4.7% in the 1st quarter. Capital International Investors now owns 3,296,879 shares of the company's stock valued at $831,836,000 after acquiring an additional 149,378 shares in the last quarter. Finally, AXA S.A. grew its holdings in shares of Marriott International by 133.4% during the 2nd quarter. AXA S.A. now owns 221,045 shares of the company's stock worth $53,442,000 after purchasing an additional 126,323 shares in the last quarter. Institutional investors own 70.70% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. The Goldman Sachs Group started coverage on Marriott International in a research report on Wednesday, September 18th. They issued a "buy" rating and a $267.00 target price for the company. Barclays lifted their target price on shares of Marriott International from $240.00 to $249.00 and gave the company an "equal weight" rating in a research report on Tuesday, November 5th. BMO Capital Markets raised their price target on shares of Marriott International from $255.00 to $265.00 and gave the stock a "market perform" rating in a research note on Tuesday, November 5th. UBS Group lowered their price objective 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, Wells Fargo & Company raised their target price on Marriott International from $238.00 to $261.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 22nd. Thirteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Marriott International presently has a consensus rating of "Hold" and a consensus target price of $259.00.

Insider Buying and Selling

In related news, EVP Benjamin T. Breland sold 500 shares of Marriott International stock in a transaction that occurred 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. This trade represents a 3.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Kathleen K. Oberg sold 2,360 shares of the firm's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $285.41, for a total value of $673,567.60. Following the sale, the chief financial officer now directly owns 39,726 shares in the company, valued at approximately $11,338,197.66. This trade represents a 5.61 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,108 shares of company stock worth $3,434,439. 12.32% of the stock is owned by corporate insiders.

Marriott International Stock Performance

MAR traded down $3.24 during trading on Friday, reaching $278.78. 1,751,074 shares of the company's stock were exchanged, compared to its average volume of 1,379,158. The company's fifty day moving average price is $256.59 and its 200-day moving average price is $241.77. The firm has a market capitalization of $77.47 billion, a PE ratio of 29.16, a P/E/G ratio of 5.48 and a beta of 1.58. Marriott International, Inc. has a fifty-two week low of $200.94 and a fifty-two week high of $289.04.

Marriott International (NASDAQ:MAR - Get Free Report) last released its 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). Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The company had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.27 billion. During the same period in the previous year, the company posted $2.11 EPS. The company's quarterly revenue was up 5.5% compared to the same quarter last year. Research analysts forecast that Marriott International, Inc. will post 9.26 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The company 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 $0.63 dividend. The ex-dividend date is Thursday, November 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.90%. Marriott International's dividend payout ratio (DPR) is 26.36%.

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.