Hartline Investment Corp Has $15.96 Million Position in Marriott International, Inc. (NASDAQ:MAR)

Hartline Investment Corp lowered its position in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 17.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,188 shares of the company's stock after selling 13,820 shares during the period. Marriott International comprises 2.0% of Hartline Investment Corp's holdings, making the stock its 16th largest position. Hartline Investment Corp's holdings in Marriott International were worth $15,957,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Bangor Savings Bank grew its holdings in shares of Marriott International by 131.1% during the second quarter. Bangor Savings Bank now owns 104 shares of the company's stock worth $25,000 after buying an additional 59 shares in the last quarter. Hantz Financial Services Inc. acquired a new stake in shares of Marriott International in the second quarter valued at approximately $26,000. MFA Wealth Advisors LLC bought a new stake in shares of Marriott International in the second quarter worth $28,000. Silvant Capital Management LLC acquired a new position in Marriott International during the third quarter worth $31,000. Finally, Unique Wealth Strategies LLC acquired a new stake in Marriott International in the 2nd quarter valued at $35,000. Institutional investors and hedge funds own 70.70% of the company's stock.

Marriott International Price Performance

Marriott International stock traded up $0.45 during midday trading on Wednesday, hitting $286.47. The company's stock had a trading volume of 1,274,018 shares, compared to its average volume of 1,473,546. The company has a 50-day moving average price of $253.37 and a two-hundred day moving average price of $240.86. Marriott International, Inc. has a 1-year low of $199.98 and a 1-year high of $289.04. The company has a market cap of $79.61 billion, a price-to-earnings ratio of 30.15, a PEG ratio of 5.63 and a beta of 1.58.

Marriott International (NASDAQ:MAR - Get Free Report) 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). The company had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.27 billion. Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The company's quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.11 earnings per share. Sell-side analysts forecast that Marriott International, Inc. will post 9.26 EPS for the current year.

Marriott International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders 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 dividend on an annualized basis and a yield of 0.88%. Marriott International's payout ratio is 26.36%.

Insider Activity

In other Marriott International news, EVP Benjamin T. Breland sold 500 shares of the company's stock in a transaction 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 in the company, valued at $3,372,384.14. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Felitia Lee sold 916 shares of the company's stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $276.48, for a total transaction of $253,255.68. Following the completion of the transaction, the chief accounting officer now directly owns 5,609 shares in the company, valued at $1,550,776.32. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Benjamin T. Breland sold 500 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The shares were 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 owns 12,286 shares in the company, valued at $3,372,384.14. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 12.32% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on MAR shares. Macquarie restated a "neutral" rating and set a $245.00 price objective on shares of Marriott International in a research note on Tuesday, November 5th. Barclays raised their price target on Marriott International from $240.00 to $249.00 and gave the company an "equal weight" rating in a research note on Tuesday, November 5th. Wells Fargo & Company increased their price objective on Marriott International from $238.00 to $261.00 and gave the company an "equal weight" rating in a report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Marriott International from $222.00 to $216.00 and set a "hold" rating on the stock in a report on Thursday, August 1st. Finally, JPMorgan Chase & Co. increased their price target on shares of Marriott International from $235.00 to $255.00 and gave the company a "neutral" rating in a research note on Friday, July 19th. Thirteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Marriott International currently has a consensus rating of "Hold" and a consensus price target of $259.00.

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.