Braun Stacey Associates Inc. Sells 15,998 Shares of Marriott International, Inc. (NASDAQ:MAR)

Braun Stacey Associates Inc. reduced its stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 16.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,145 shares of the company's stock after selling 15,998 shares during the period. Braun Stacey Associates Inc.'s holdings in Marriott International were worth $19,924,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of MAR. Harbor Capital Advisors Inc. increased its stake in Marriott International by 0.4% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,698 shares of the company's stock worth $2,162,000 after buying an additional 38 shares during the period. Haverford Trust Co increased its stake in shares of Marriott International by 1.0% in the third quarter. Haverford Trust Co now owns 4,207 shares of the company's stock worth $1,046,000 after buying an additional 40 shares during the last quarter. Rockland Trust Co. boosted its stake in Marriott International by 2.3% during the 2nd quarter. Rockland Trust Co. now owns 1,802 shares of the company's stock valued at $436,000 after acquiring an additional 41 shares during the last quarter. Park Avenue Securities LLC grew its holdings in Marriott International by 1.4% during the 2nd quarter. Park Avenue Securities LLC now owns 3,298 shares of the company's stock worth $797,000 after acquiring an additional 46 shares in the last quarter. Finally, SeaCrest Wealth Management LLC raised its stake in shares of Marriott International by 1.5% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 3,075 shares of the company's stock valued at $743,000 after purchasing an additional 46 shares in the last quarter. Institutional investors and hedge funds own 70.70% of the company's stock.

Insider Activity

In related news, CFO Kathleen K. Oberg sold 2,360 shares of the firm's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $285.41, for a total transaction of $673,567.60. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Felitia Lee sold 916 shares of the stock in a transaction that occurred 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 sale, the chief accounting officer now owns 5,609 shares of the company's stock, valued at approximately $1,550,776.32. The trade was a 14.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,108 shares of company stock worth $3,434,439 over the last 90 days. 12.32% of the stock is owned by company insiders.

Marriott International Price Performance

Shares of Marriott International stock traded up $2.20 on Monday, hitting $280.98. The company had a trading volume of 374,204 shares, compared to its average volume of 1,469,516. Marriott International, Inc. has a 52 week low of $200.94 and a 52 week high of $289.04. The company has a market cap of $78.08 billion, a PE ratio of 29.16, a PEG ratio of 5.48 and a beta of 1.58. The business has a 50-day simple moving average of $256.59 and a 200-day simple moving average of $241.82.

Marriott International (NASDAQ:MAR - Get Free Report) last released its earnings results on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing analysts' consensus estimates 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 negative return on equity of 177.91% and a net margin of 11.18%. The firm's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.11 earnings per share. On average, equities research analysts predict that Marriott International, Inc. will post 9.26 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, November 21st will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend is Thursday, November 21st. Marriott International's payout ratio is 26.36%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on MAR shares. The Goldman Sachs Group initiated coverage on Marriott International in a research note on Wednesday, September 18th. They set a "buy" rating and a $267.00 price objective on the stock. Morgan Stanley decreased their price objective on shares of Marriott International from $268.00 to $250.00 and set an "overweight" rating for the company in a report on Tuesday, August 6th. Wells Fargo & Company increased their target price on shares of Marriott International from $238.00 to $261.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 22nd. Bank of America boosted their price objective on shares of Marriott International from $275.00 to $300.00 and gave the company a "buy" rating in a research report on Monday, October 21st. Finally, Evercore ISI lifted their target price on Marriott International from $245.00 to $270.00 and gave the company an "in-line" rating in a research note on Monday, October 21st. Thirteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $259.00.

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.