Aptus Capital Advisors LLC Acquires 13,626 Shares of Marriott International, Inc. (NASDAQ:MAR)

Aptus Capital Advisors LLC raised its holdings in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 24.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 68,504 shares of the company's stock after acquiring an additional 13,626 shares during the quarter. Aptus Capital Advisors LLC's holdings in Marriott International were worth $17,030,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Bangor Savings Bank increased its stake in shares of 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 acquiring an additional 59 shares during the last quarter. Hantz Financial Services Inc. acquired a new stake in Marriott International in the second quarter worth $26,000. MFA Wealth Advisors LLC acquired a new position in shares of Marriott International in the 2nd quarter valued at $28,000. Silvant Capital Management LLC acquired a new stake in Marriott International during the 3rd quarter worth $31,000. Finally, Unique Wealth Strategies LLC acquired a new position in Marriott International in the second quarter valued at about $35,000. 70.70% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. TD Cowen decreased their price objective on Marriott International from $295.00 to $283.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th. Wells Fargo & Company raised their price objective 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 lifted their price target on Marriott International from $275.00 to $300.00 and gave the company a "buy" rating in a research note on Monday, October 21st. Robert W. Baird lifted their target price on Marriott International from $258.00 to $264.00 and gave the company a "neutral" rating in a research report on Tuesday, November 5th. Finally, BMO Capital Markets raised their price target on shares of Marriott International from $255.00 to $265.00 and gave the stock a "market perform" rating in a research note on Tuesday, November 5th. Thirteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $259.00.

Insider Buying and Selling

In related news, EVP Benjamin T. Breland sold 500 shares of the firm'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 directly owns 12,286 shares in the company, valued at $3,372,384.14. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Marriott International news, EVP Benjamin T. Breland sold 500 shares of Marriott International 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 sale, the executive vice president now directly owns 12,286 shares of the company's stock, valued at approximately $3,372,384.14. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Felitia Lee sold 916 shares of the firm's stock in a transaction on Thursday, November 7th. The shares were 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 of the company's stock, valued at $1,550,776.32. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 12.32% of the stock is owned by company insiders.

Marriott International Stock Up 0.0 %

MAR traded up $0.11 during trading on Tuesday, hitting $286.02. 1,143,175 shares of the company's stock were exchanged, compared to its average volume of 1,474,454. The business's 50 day moving average is $252.26 and its two-hundred day moving average is $240.54. The stock has a market cap of $79.48 billion, a P/E ratio of 29.91, a PEG ratio of 6.15 and a beta of 1.58. Marriott International, Inc. has a fifty-two week low of $196.24 and a fifty-two week high of $287.00.

Marriott International (NASDAQ:MAR - Get Free Report) last issued 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 negative return on equity of 177.91% and a net margin of 11.18%. The firm had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.27 billion. During the same period in the previous year, the company posted $2.11 earnings per share. The company's revenue for the quarter was up 5.5% on a year-over-year basis. On average, sell-side analysts forecast that Marriott International, Inc. will post 9.27 earnings per share for the current year.

Marriott International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Thursday, November 21st will be given a $0.63 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.88%. Marriott International's dividend payout ratio (DPR) is presently 26.36%.

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.