Prospera Financial Services Inc Boosts Stake in Marriott International, Inc. (NASDAQ:MAR)

Prospera Financial Services Inc boosted its holdings in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 151.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,603 shares of the company's stock after purchasing an additional 2,172 shares during the period. Prospera Financial Services Inc's holdings in Marriott International were worth $896,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Sanford C. Bernstein boosted their price objective on shares of Marriott International from $262.00 to $290.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 5th. Mizuho upped their price target on Marriott International from $233.00 to $246.00 and gave the company a "neutral" rating in a research report on Tuesday, November 5th. 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 note on Tuesday, November 5th. Wells Fargo & Company raised their price target 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. Finally, The Goldman Sachs Group assumed coverage on shares of Marriott International in a research note on Wednesday, September 18th. They issued a "buy" rating and a $267.00 price objective on the stock. Thirteen analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Marriott International currently has an average rating of "Hold" and a consensus target price of $259.00.

Marriott International Stock Up 0.3 %

MAR stock opened at $284.29 on Friday. The business has a 50 day moving average of $261.88 and a 200-day moving average of $243.34. The firm has a market cap of $79.00 billion, a PE ratio of 29.74, a P/E/G ratio of 5.58 and a beta of 1.58. Marriott International, Inc. has a 12-month low of $200.94 and a 12-month high of $289.04.

Marriott International (NASDAQ:MAR - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The company reported $2.26 earnings per share for the quarter, missing the consensus estimate of $2.31 by ($0.05). The company had revenue of $6.26 billion for 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%. Marriott International's quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.11 EPS. On average, research analysts expect that Marriott International, Inc. will post 9.26 earnings per share for the current year.

Marriott International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Thursday, November 21st will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend is Thursday, November 21st. Marriott International's dividend payout ratio (DPR) is currently 26.36%.

Insider Buying and Selling at Marriott International

In other news, CEO Anthony Capuano sold 8,332 shares of the firm's stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $284.49, for a total value of $2,370,370.68. Following the completion of the transaction, the chief executive officer now directly owns 108,361 shares of the company's stock, valued at $30,827,620.89. This trade represents a 7.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Benjamin T. Breland sold 500 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total value of $137,245.00. Following the sale, the executive vice president now directly owns 12,286 shares in the company, valued at $3,372,384.14. This trade represents a 3.91 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,108 shares of company stock valued at $3,434,439 over the last three months. 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.