Asset Advisors Investment Management LLC Sells 4,810 Shares of Marriott International, Inc. (NASDAQ:MAR)

Asset Advisors Investment Management LLC lowered its holdings in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 4.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 105,429 shares of the company's stock after selling 4,810 shares during the period. Marriott International makes up about 2.7% of Asset Advisors Investment Management LLC's holdings, making the stock its 8th biggest position. Asset Advisors Investment Management LLC's holdings in Marriott International were worth $26,210,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of MAR. Wealth Enhancement Advisory Services LLC grew its position in Marriott International by 1.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 39,751 shares of the company's stock worth $9,611,000 after acquiring an additional 753 shares in the last quarter. ORG Partners LLC increased its position in Marriott International by 77.5% during the 2nd quarter. ORG Partners LLC now owns 197 shares of the company's stock valued at $47,000 after buying an additional 86 shares in the last quarter. Swedbank AB grew its holdings in shares of Marriott International by 1.4% during the second quarter. Swedbank AB now owns 59,751 shares of the company's stock valued at $14,446,000 after buying an additional 809 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Marriott International by 1.0% during the second quarter. Assenagon Asset Management S.A. now owns 5,015 shares of the company's stock valued at $1,212,000 after buying an additional 51 shares during the last quarter. Finally, Miracle Mile Advisors LLC lifted its holdings in Marriott International by 1.8% in the second quarter. Miracle Mile Advisors LLC now owns 2,749 shares of the company's stock valued at $665,000 after acquiring an additional 49 shares during the period. Institutional investors and hedge funds own 70.70% of the company's stock.

Insider Buying and Selling

In related news, insider William P. Brown sold 1,707 shares of Marriott International stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $284.30, for a total transaction of $485,300.10. Following the transaction, the insider now owns 23,077 shares of the company's stock, valued at $6,560,791.10. This trade represents a 6.89 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Benjamin T. Breland sold 500 shares of the 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 owns 12,286 shares in the company, valued at approximately $3,372,384.14. This trade represents a 3.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,815 shares of company stock worth $3,919,739 in the last quarter. 12.32% of the stock is owned by corporate insiders.

Marriott International Stock Performance

Shares of NASDAQ:MAR traded down $2.91 on Friday, hitting $287.08. 777,057 shares of the company were exchanged, compared to its average volume of 1,446,477. The company's 50 day moving average price is $274.12 and its two-hundred day moving average price is $248.34. The firm has a market capitalization of $79.78 billion, a price-to-earnings ratio of 29.97, a PEG ratio of 5.56 and a beta of 1.58. Marriott International, Inc. has a one year low of $204.55 and a one year high of $295.45.

Marriott International (NASDAQ:MAR - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The company reported $2.26 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $6.27 billion. During the same quarter in the prior year, the firm posted $2.11 earnings per share. The business's revenue for the quarter was up 5.5% on a year-over-year basis. Research analysts predict that Marriott International, Inc. will post 9.26 earnings per share for the current year.

Marriott International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, November 21st will be issued 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 0.88%. Marriott International's payout ratio is presently 26.36%.

Analyst Ratings Changes

Several research analysts have commented on MAR shares. Macquarie reissued a "neutral" rating and set a $245.00 price objective on shares of Marriott International in a report on Tuesday, November 5th. TD Cowen decreased their price objective on shares of Marriott International from $295.00 to $283.00 and set a "buy" rating for the company in a report on Tuesday, November 5th. Stifel Nicolaus upped their price objective on Marriott International from $252.00 to $283.00 and gave the stock a "hold" rating in a research note on Tuesday, November 26th. Truist Financial increased their price objective on shares of Marriott International from $254.00 to $277.00 and gave the company a "hold" rating in a research report on Wednesday, December 4th. Finally, BMO Capital Markets boosted their target price on shares of Marriott International from $255.00 to $265.00 and gave the company a "market perform" rating in a research note on Tuesday, November 5th. Fourteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Marriott International has an average rating of "Hold" and an average price target of $266.25.

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.