Barclays PLC Has $207.50 Million Stake in Marriott International, Inc. (NASDAQ:MAR)

Barclays PLC trimmed its position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 19.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 834,674 shares of the company's stock after selling 200,992 shares during the period. Barclays PLC owned approximately 0.30% of Marriott International worth $207,499,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. purchased a new stake in shares of Marriott International during the second quarter worth about $26,000. MFA Wealth Advisors LLC acquired a new position in shares of Marriott International in the 2nd quarter valued at approximately $28,000. Silvant Capital Management LLC purchased a new position in shares of Marriott International during the 3rd quarter valued at approximately $31,000. Darwin Wealth Management LLC acquired a new stake in shares of Marriott International during the third quarter worth approximately $33,000. Finally, Unique Wealth Strategies LLC acquired a new stake in Marriott International in the second quarter valued at $35,000. Hedge funds and other institutional investors own 70.70% of the company's stock.

Insider Transactions at Marriott International

In other news, CAO Felitia Lee sold 916 shares of the business's stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $276.48, for a total transaction of $253,255.68. Following the sale, the chief accounting officer now directly owns 5,609 shares of the company's stock, valued at $1,550,776.32. The trade was a 14.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Anthony Capuano sold 8,332 shares of the stock in a transaction on Tuesday, November 12th. The shares were 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 owns 108,361 shares of the company's stock, valued at $30,827,620.89. This trade represents a 7.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,815 shares of company stock valued at $3,919,739 in the last quarter. Insiders own 12.32% of the company's stock.

Marriott International Stock Performance

Shares of MAR stock traded up $0.70 during midday trading on Tuesday, reaching $287.67. 866,702 shares of the company were exchanged, compared to its average volume of 1,452,852. The company's 50 day moving average price is $271.61 and its two-hundred day moving average price is $247.38. The company has a market cap of $79.94 billion, a P/E ratio of 30.09, a PEG ratio of 5.76 and a beta of 1.58. Marriott International, Inc. has a 12 month low of $204.55 and a 12 month high of $295.45.

Marriott International (NASDAQ:MAR - Get Free Report) last released its earnings results on Monday, November 4th. The company reported $2.26 earnings per share 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 analyst estimates of $6.27 billion. During the same quarter last year, the company earned $2.11 earnings per share. The business's revenue for the quarter was up 5.5% on a year-over-year basis. As a group, sell-side analysts predict that Marriott International, Inc. will post 9.26 earnings per share for the current year.

Marriott International Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MAR. Wells Fargo & Company boosted their target price on shares of Marriott International from $238.00 to $261.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 22nd. Mizuho increased their target price on Marriott International from $233.00 to $246.00 and gave the stock a "neutral" rating in a report on Tuesday, November 5th. Sanford C. Bernstein boosted their price target on Marriott International from $262.00 to $290.00 and gave the company an "outperform" rating in a report on Tuesday, November 5th. Evercore ISI raised their price objective on Marriott International from $245.00 to $270.00 and gave the stock an "in-line" rating in a research note on Monday, October 21st. Finally, The Goldman Sachs Group raised their price target on shares of Marriott International from $280.00 to $314.00 and gave the stock a "buy" rating in a research report on Tuesday. Fourteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Marriott International currently has a consensus rating of "Hold" and an average price target of $263.70.

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.