Marriott International, Inc. (NASDAQ:MAR) Shares Bought by Mirabella Financial Services LLP

Mirabella Financial Services LLP grew its holdings in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 539.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 28,256 shares of the company's stock after acquiring an additional 23,840 shares during the period. Mirabella Financial Services LLP's holdings in Marriott International were worth $7,024,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in MAR. National Pension Service lifted its holdings in shares of Marriott International by 11.6% in the 3rd quarter. National Pension Service now owns 719,613 shares of the company's stock worth $178,896,000 after purchasing an additional 74,832 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Marriott International by 5.1% in the second quarter. Dimensional Fund Advisors LP now owns 679,757 shares of the company's stock worth $164,355,000 after purchasing an additional 33,149 shares during the period. First Pacific Advisors LP lifted its stake in Marriott International by 2.1% during the second quarter. First Pacific Advisors LP now owns 613,205 shares of the company's stock worth $148,255,000 after purchasing an additional 12,499 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Marriott International by 0.5% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 566,548 shares of the company's stock valued at $140,844,000 after buying an additional 2,723 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Marriott International by 3.0% during the third quarter. PNC Financial Services Group Inc. now owns 443,103 shares of the company's stock valued at $110,156,000 after purchasing an additional 12,702 shares during the period. Institutional investors and hedge funds own 70.70% of the company's stock.

Marriott International Price Performance

NASDAQ:MAR traded up $3.71 during trading hours on Monday, reaching $288.00. The company had a trading volume of 1,806,804 shares, compared to its average volume of 1,467,686. Marriott International, Inc. has a 1-year low of $200.94 and a 1-year high of $289.63. The business's 50 day moving average price is $261.88 and its 200-day moving average price is $243.45. The firm has a market cap of $80.03 billion, a PE ratio of 29.74, a price-to-earnings-growth ratio of 5.59 and a beta of 1.58.

Marriott International (NASDAQ:MAR - Get Free Report) last posted 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 for the quarter, compared to analysts' expectations of $6.27 billion. During the same period in the previous year, the company earned $2.11 earnings per share. The company's revenue was up 5.5% compared to the same quarter last year. On average, analysts expect that Marriott International, Inc. will post 9.26 earnings per share for the current fiscal year.

Marriott International Announces Dividend

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

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Mizuho upped 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. Morgan Stanley dropped their price objective on shares of Marriott International from $268.00 to $250.00 and set an "overweight" rating for the company in a research note on Tuesday, August 6th. The Goldman Sachs Group began coverage on shares of Marriott International in a report on Wednesday, September 18th. They set a "buy" rating and a $267.00 price target on the stock. Bank of America boosted their price objective on shares of Marriott International from $275.00 to $300.00 and gave the company a "buy" rating in a research report on Monday, October 21st. Finally, Truist Financial cut their price target on Marriott International from $263.00 to $254.00 and set a "hold" rating on the stock in a research note on Tuesday, August 6th. Thirteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Marriott International has an average rating of "Hold" and a consensus price target of $259.00.

Insiders Place Their Bets

In other Marriott International news, EVP Benjamin T. Breland sold 500 shares of Marriott International stock in a transaction dated Wednesday, November 6th. The shares were 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 of the company's stock, valued at $3,372,384.14. The trade was a 3.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Anthony Capuano sold 8,332 shares of the firm's stock in a transaction that occurred 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 sale, the chief executive officer now 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 disclosure for this sale can be found here. In the last three months, insiders sold 13,815 shares of company stock worth $3,919,739. Corporate insiders own 10.07% of the company's stock.

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.