First Western Trust Bank Trims Stock Position in Marriott International, Inc. (NASDAQ:MAR)

First Western Trust Bank reduced its stake in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 10.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,723 shares of the company's stock after selling 2,163 shares during the quarter. First Western Trust Bank's holdings in Marriott International were worth $4,406,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Bangor Savings Bank increased its stake in Marriott International by 131.1% in the 2nd quarter. Bangor Savings Bank now owns 104 shares of the company's stock worth $25,000 after acquiring an additional 59 shares during the last quarter. Hantz Financial Services Inc. purchased a new stake in Marriott International during the second quarter valued at $26,000. MFA Wealth Advisors LLC purchased a new position in shares of Marriott International in the 2nd quarter worth $28,000. Silvant Capital Management LLC purchased a new stake in shares of Marriott International during the 3rd quarter valued at about $31,000. Finally, Unique Wealth Strategies LLC bought a new position in shares of Marriott International in the 2nd quarter valued at about $35,000. Hedge funds and other institutional investors own 70.70% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on MAR shares. Wells Fargo & Company boosted their target price on shares of Marriott International from $238.00 to $261.00 and gave the company an "equal weight" rating in a research note on Tuesday, October 22nd. BMO Capital Markets increased their price objective on shares of Marriott International from $255.00 to $265.00 and gave the company a "market perform" rating in a research report on Tuesday, November 5th. Macquarie reissued a "neutral" rating and set a $245.00 price objective on shares of Marriott International in a report on Tuesday, November 5th. 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 target on the stock. Finally, Evercore ISI upped their target price on Marriott International from $245.00 to $270.00 and gave the company an "in-line" rating in a research report on Monday, October 21st. Thirteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $259.00.

Marriott International Stock Up 1.0 %

Shares of NASDAQ MAR traded up $2.67 during midday trading on Monday, hitting $281.45. The stock had a trading volume of 1,478,986 shares, compared to its average volume of 1,473,089. The stock has a 50 day simple moving average of $256.59 and a 200-day simple moving average of $241.82. The company has a market capitalization of $78.21 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 1 year low of $200.94 and a 1 year 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 analysts' consensus estimates of $2.31 by ($0.05). Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The business had revenue of $6.26 billion during the quarter, compared to analysts' expectations of $6.27 billion. During the same period last year, the business earned $2.11 earnings per share. The company's revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, analysts expect that Marriott International, Inc. will post 9.26 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st will be given 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 0.90%. Marriott International's dividend payout ratio (DPR) is presently 26.36%.

Insider Buying and Selling at Marriott International

In other Marriott International news, EVP Benjamin T. Breland sold 500 shares of the business's 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 transaction, the executive vice president now owns 12,286 shares in the company, valued at approximately $3,372,384.14. The trade was 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, 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 value of $253,255.68. Following the transaction, the chief accounting officer now directly owns 5,609 shares in the company, valued at $1,550,776.32. This represents a 14.04 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,108 shares of company stock worth $3,434,439. 12.32% of the stock is currently owned by insiders.

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.