Penserra Capital Management LLC Sells 2,182 Shares of Marriott International, Inc. (NASDAQ:MAR)

Penserra Capital Management LLC decreased its position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 22.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,620 shares of the company's stock after selling 2,182 shares during the period. Penserra Capital Management LLC's holdings in Marriott International were worth $1,893,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Bangor Savings Bank grew its holdings in shares of Marriott International by 131.1% during the 2nd quarter. Bangor Savings Bank now owns 104 shares of the company's stock worth $25,000 after purchasing an additional 59 shares in the last quarter. Hantz Financial Services Inc. bought a new position in Marriott International in the 2nd quarter valued at about $26,000. MFA Wealth Advisors LLC bought a new stake in shares of Marriott International during the 2nd quarter worth approximately $28,000. Silvant Capital Management LLC acquired a new stake in shares of Marriott International during the 3rd quarter worth approximately $31,000. Finally, Darwin Wealth Management LLC acquired a new position in Marriott International during the third quarter valued at approximately $33,000. Institutional investors own 70.70% of the company's stock.

Insider Buying and Selling

In related news, insider William P. Brown sold 1,707 shares of the firm's stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $284.30, for a total transaction of $485,300.10. Following the completion of the sale, the insider now owns 23,077 shares in the company, valued at approximately $6,560,791.10. This trade represents a 6.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Felitia Lee sold 916 shares of the company's stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $276.48, for a total value of $253,255.68. Following the completion of the transaction, the chief accounting officer now owns 5,609 shares in the company, valued at approximately $1,550,776.32. The trade was a 14.04 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,815 shares of company stock worth $3,919,739. 10.07% of the stock is owned by insiders.

Marriott International Price Performance

Shares of NASDAQ MAR traded up $0.18 during mid-day trading on Tuesday, reaching $288.18. 1,453,479 shares of the company's stock traded hands, compared to its average volume of 1,467,686. The business has a 50-day simple moving average of $262.99 and a 200 day simple moving average of $243.80. The stock has a market cap of $80.08 billion, a P/E ratio of 30.13, a PEG ratio of 5.59 and a beta of 1.58. Marriott International, Inc. has a 1-year low of $200.94 and a 1-year high of $289.63.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing analysts' consensus estimates of $2.31 by ($0.05). The company had revenue of $6.26 billion for 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 business's revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $2.11 earnings per share. Equities research analysts anticipate that Marriott International, Inc. will post 9.26 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st will be paid a $0.63 dividend. The ex-dividend date is Thursday, November 21st. This represents a $2.52 annualized dividend and a dividend yield of 0.87%. Marriott International's payout ratio is 26.36%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on MAR shares. UBS Group lowered their price target on Marriott International from $267.00 to $244.00 and set a "neutral" rating for the company in a report on Tuesday, August 13th. Barclays increased their target price on shares of Marriott International from $240.00 to $249.00 and gave the stock an "equal weight" rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Marriott International from $222.00 to $216.00 and set a "hold" rating for the company in a research report on Thursday, August 1st. 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 note on Tuesday, October 22nd. Finally, TD Cowen dropped their price target on Marriott International from $295.00 to $283.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. Fourteen equities 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.com, the stock presently has an average rating of "Hold" and a consensus price target of $260.20.

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.