M&T Bank Corp Sells 4,216 Shares of Marriott International, Inc. (NASDAQ:MAR)

M&T Bank Corp decreased its stake in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 7.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 50,062 shares of the company's stock after selling 4,216 shares during the period. M&T Bank Corp's holdings in Marriott International were worth $12,446,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Hantz Financial Services Inc. bought a new position in Marriott International in the second quarter worth about $26,000. MFA Wealth Advisors LLC bought a new position in Marriott International in the second quarter worth about $28,000. Silvant Capital Management LLC bought a new position in Marriott International in the third quarter worth about $31,000. Darwin Wealth Management LLC bought a new position in Marriott International in the third quarter worth about $33,000. Finally, Unique Wealth Strategies LLC bought a new position in Marriott International in the second quarter worth about $35,000. Institutional investors own 70.70% of the company's stock.

Marriott International Stock Up 1.4 %

Shares of Marriott International stock traded up $4.06 on Wednesday, hitting $291.73. 855,886 shares of the company traded hands, compared to its average volume of 1,450,355. The company has a 50-day moving average price of $272.45 and a 200 day moving average price of $247.74. Marriott International, Inc. has a 12-month low of $204.55 and a 12-month high of $295.45. The company has a market cap of $81.07 billion, a PE ratio of 30.45, a PEG ratio of 5.76 and a beta of 1.58.

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). 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%. The company's revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.11 earnings per share. Equities research analysts anticipate that Marriott International, Inc. will post 9.26 EPS for the current year.

Marriott International Announces Dividend

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 issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend is Thursday, November 21st. Marriott International's dividend payout ratio is presently 26.36%.

Insider Buying and Selling

In other Marriott International news, EVP Benjamin T. Breland sold 500 shares of the business's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $274.49, for a total transaction of $137,245.00. Following the completion of the transaction, the executive vice president now owns 12,286 shares of the company's stock, valued at $3,372,384.14. The trade was a 3.91 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider William P. Brown sold 1,707 shares of the business's stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $284.30, for a total transaction of $485,300.10. Following the transaction, the insider now directly owns 23,077 shares of the company's stock, valued at approximately $6,560,791.10. This represents a 6.89 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,815 shares of company stock worth $3,919,739. Corporate insiders own 12.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on MAR shares. Stifel Nicolaus raised their price target on shares of Marriott International from $252.00 to $283.00 and gave the company a "hold" rating in a research note on Tuesday, November 26th. TD Cowen lowered their price objective 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. Bank of America lifted their price target on shares of Marriott International from $275.00 to $300.00 and gave the stock a "buy" rating in a research report on Monday, October 21st. Wells Fargo & Company lifted their price target 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. Finally, UBS Group lowered their price objective on shares of Marriott International from $267.00 to $244.00 and set a "neutral" rating on the stock in a research report on Tuesday, August 13th. Fourteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $263.70.

About Marriott International

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.