Sanctuary Advisors LLC Buys 1,974 Shares of Marriott International, Inc. (NASDAQ:MAR)

Sanctuary Advisors LLC raised its holdings in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 5.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 36,251 shares of the company's stock after purchasing an additional 1,974 shares during the quarter. Sanctuary Advisors LLC's holdings in Marriott International were worth $9,012,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ORG Partners LLC lifted its holdings in Marriott International by 77.5% during the 2nd quarter. ORG Partners LLC now owns 197 shares of the company's stock worth $47,000 after purchasing an additional 86 shares during the last quarter. Swedbank AB lifted its stake in Marriott International by 1.4% in the second quarter. Swedbank AB now owns 59,751 shares of the company's stock valued at $14,446,000 after purchasing an additional 809 shares during the last quarter. Assenagon Asset Management S.A. lifted 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 worth $1,212,000 after acquiring an additional 51 shares in the last quarter. Brookstone Capital Management raised its position in shares of Marriott International by 30.5% in the second quarter. Brookstone Capital Management now owns 3,435 shares of the company's stock worth $850,000 after buying an additional 802 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its stake in Marriott International by 98.9% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 5,542 shares of the company's stock valued at $1,340,000 after acquiring an additional 2,756 shares during the last quarter. Institutional investors own 70.70% of the company's stock.

Insider Activity at Marriott International

In related 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 value of $137,245.00. Following the completion of the transaction, the executive vice president now directly owns 12,286 shares in the company, valued at approximately $3,372,384.14. This represents a 3.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Kathleen K. Oberg sold 2,360 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $285.41, for a total value of $673,567.60. Following the completion of the transaction, the chief financial officer now directly owns 39,726 shares of the company's stock, valued at $11,338,197.66. This represents a 5.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,815 shares of company stock worth $3,919,739 in the last three months. 12.32% of the stock is owned by company insiders.

Marriott International Stock Performance

Shares of NASDAQ MAR traded down $2.91 during mid-day trading on Friday, hitting $287.08. The stock had a trading volume of 797,449 shares, compared to its average volume of 1,446,553. The business has a 50 day moving average price of $274.76 and a two-hundred day moving average price of $248.79. The firm has a market cap of $79.78 billion, a P/E ratio of 30.03, a price-to-earnings-growth ratio of 5.56 and a beta of 1.58. Marriott International, Inc. has a 1 year low of $204.55 and a 1 year high of $295.45.

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 for the quarter, missing the consensus estimate of $2.31 by ($0.05). The business had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.27 billion. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. Marriott International's revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the company earned $2.11 EPS. Equities research analysts predict that Marriott International, Inc. will post 9.26 EPS for the current fiscal year.

Marriott International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, November 21st will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend is Thursday, November 21st. Marriott International's payout ratio is currently 26.36%.

Analysts Set New Price Targets

Several analysts have commented on the stock. Macquarie restated a "neutral" rating and issued a $245.00 price objective on shares of Marriott International in a report on Tuesday, November 5th. TD Cowen decreased their price target on shares of Marriott International from $295.00 to $283.00 and set a "buy" rating on the stock in a research note on Tuesday, November 5th. Truist Financial upped their target price on shares of Marriott International from $254.00 to $277.00 and gave the stock a "hold" rating in a research note on Wednesday, December 4th. Bank of America raised their price target on shares of Marriott International from $275.00 to $300.00 and gave the stock a "buy" rating in a report on Monday, October 21st. Finally, JPMorgan Chase & Co. raised their price target on shares of Marriott International from $251.00 to $269.00 and gave the company a "neutral" rating in a research report on Friday. Fourteen analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $266.25.

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.