B. Riley Wealth Advisors Inc. lowered its position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 25.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,413 shares of the company's stock after selling 1,842 shares during the period. B. Riley Wealth Advisors Inc.'s holdings in Marriott International were worth $1,347,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Hantz Financial Services Inc. purchased a new stake in Marriott International during the second quarter valued at about $26,000. MFA Wealth Advisors LLC purchased a new stake in Marriott International during the 2nd quarter valued at about $28,000. Silvant Capital Management LLC bought a new position in Marriott International during the 3rd quarter worth approximately $31,000. Darwin Wealth Management LLC purchased a new position in Marriott International in the 3rd quarter worth approximately $33,000. Finally, Unique Wealth Strategies LLC purchased a new stake in Marriott International during the 2nd quarter valued at $35,000. 70.70% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on MAR shares. Evercore ISI upped their price objective on shares of Marriott International from $245.00 to $270.00 and gave the company an "in-line" rating in a research note on Monday, October 21st. Bank of America upped their price target on Marriott International from $275.00 to $300.00 and gave the company a "buy" rating in a research report on Monday, October 21st. BMO Capital Markets lifted their price objective on Marriott International from $255.00 to $265.00 and gave the stock a "market perform" rating in a research report on Tuesday, November 5th. Stifel Nicolaus upped their target price on Marriott International from $252.00 to $283.00 and gave the company a "hold" rating in a report on Tuesday, November 26th. Finally, Macquarie reissued a "neutral" rating and set a $245.00 price objective on shares of Marriott International in a research report on Tuesday, November 5th. Fourteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, Marriott International has a consensus rating of "Hold" and a consensus target price of $266.25.
Check Out Our Latest Analysis on MAR
Insider Buying and Selling
In other news, CEO Anthony Capuano sold 8,332 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $284.49, for a total transaction of $2,370,370.68. Following the transaction, the chief executive officer now directly owns 108,361 shares of the company's stock, valued at $30,827,620.89. This represents a 7.14 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Benjamin T. Breland sold 500 shares of the company's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $274.49, for a total value of $137,245.00. Following the sale, the executive vice president now owns 12,286 shares of the company's stock, valued at approximately $3,372,384.14. This trade represents a 3.91 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,815 shares of company stock worth $3,919,739. 12.32% of the stock is owned by corporate insiders.
Marriott International Stock Performance
Shares of MAR traded down $0.96 during trading hours on Tuesday, hitting $289.44. The company had a trading volume of 1,309,578 shares, compared to its average volume of 1,444,066. Marriott International, Inc. has a 52-week low of $204.55 and a 52-week high of $295.45. The firm has a fifty day moving average price of $275.47 and a 200-day moving average price of $249.36. The stock has a market capitalization of $80.43 billion, a price-to-earnings ratio of 30.38, a P/E/G ratio of 5.56 and a beta of 1.58.
Marriott International (NASDAQ:MAR - Get Free Report) last issued its 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). 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 quarter in the prior year, the company posted $2.11 EPS. The company's quarterly revenue was up 5.5% on a year-over-year basis. Research analysts anticipate that Marriott International, Inc. will post 9.26 earnings per share for the current fiscal year.
Marriott International Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend is Thursday, November 21st. Marriott International's payout ratio is currently 26.36%.
About Marriott International
(
Free Report)
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.
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