Bank of Montreal Can Trims Stake in Marriott International, Inc. (NASDAQ:MAR)

Bank of Montreal Can reduced its holdings in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 4.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 557,624 shares of the company's stock after selling 28,362 shares during the period. Bank of Montreal Can owned about 0.20% of Marriott International worth $141,101,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of MAR. Canoe Financial LP acquired a new stake in Marriott International in the third quarter valued at approximately $77,331,000. International Assets Investment Management LLC lifted its position 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 acquiring an additional 300,543 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Marriott International by 36,856.7% in 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 in the last quarter. AXA S.A. lifted its position in shares of Marriott International by 133.4% in the second quarter. AXA S.A. now owns 221,045 shares of the company's stock valued at $53,442,000 after acquiring an additional 126,323 shares in the last quarter. Finally, Mizuho Securities USA LLC lifted its position in shares of Marriott International by 629.7% in the third quarter. Mizuho Securities USA LLC now owns 134,973 shares of the company's stock valued at $33,554,000 after acquiring an additional 116,477 shares in the last quarter. 70.70% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on MAR shares. Stifel Nicolaus raised their target price on Marriott International from $252.00 to $283.00 and gave the company a "hold" rating in a research report on Tuesday. Mizuho raised 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, November 5th. TD Cowen reduced their price objective on 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 lifted their price objective on Marriott International from $262.00 to $290.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 5th. Finally, Barclays lifted their price objective on Marriott International from $240.00 to $249.00 and gave the stock an "equal weight" rating in a research report on Tuesday, November 5th. Fourteen research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $260.20.

Insider Buying and Selling

In other news, EVP Benjamin T. Breland sold 500 shares of the company's stock in a transaction dated 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 transaction, 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 3.91 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Kathleen K. Oberg sold 2,360 shares of the company's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $285.41, for a total value of $673,567.60. Following the transaction, the chief financial officer now directly owns 39,726 shares of the company's stock, valued at approximately $11,338,197.66. This represents a 5.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,815 shares of company stock valued at $3,919,739 in the last three months. 10.07% of the stock is owned by corporate insiders.

Marriott International Stock Performance

Shares of NASDAQ MAR traded up $0.18 during trading on Tuesday, reaching $288.18. The stock had a trading volume of 1,459,080 shares, compared to its average volume of 1,467,651. Marriott International, Inc. has a fifty-two week low of $200.94 and a fifty-two week high of $289.80. The business's 50-day moving average price is $264.04 and its 200-day moving average price is $244.14. The company has a market cap of $80.08 billion, a P/E ratio of 30.14, a PEG ratio of 5.59 and a beta of 1.58.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The company reported $2.26 earnings per share 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 during the quarter, compared to analyst estimates of $6.27 billion. During the same period in the previous year, the firm posted $2.11 earnings per share. The company's quarterly revenue was up 5.5% compared to the same quarter last year. Analysts forecast 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 paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.52 annualized dividend and a yield of 0.87%. Marriott International's payout ratio is 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.