Stifel Financial Corp Sells 38,825 Shares of Marriott International, Inc. (NASDAQ:MAR)

Stifel Financial Corp lessened its stake in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 32.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,923 shares of the company's stock after selling 38,825 shares during the quarter. Stifel Financial Corp's holdings in Marriott International were worth $20,366,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hantz Financial Services Inc. bought a new position in Marriott International in the 2nd quarter valued at $26,000. MFA Wealth Advisors LLC bought a new position in Marriott International in the 2nd quarter valued at $28,000. Silvant Capital Management LLC bought a new position in Marriott International in the 3rd quarter valued at $31,000. Darwin Wealth Management LLC bought a new position in Marriott International in the 3rd quarter valued at $33,000. Finally, Unique Wealth Strategies LLC bought a new position in Marriott International in the 2nd quarter valued at $35,000. Institutional investors own 70.70% of the company's stock.

Insiders Place Their Bets

In related news, insider William P. Brown sold 1,707 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $284.30, for a total value of $485,300.10. Following the sale, the insider now owns 23,077 shares in the company, valued at approximately $6,560,791.10. This represents a 6.89 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Benjamin T. Breland sold 500 shares of Marriott International stock in a transaction on Wednesday, November 6th. The stock was 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 approximately $3,372,384.14. This trade represents a 3.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,815 shares of company stock valued at $3,919,739. 12.32% of the stock is currently owned by corporate insiders.

Marriott International Trading Down 0.0 %

Shares of Marriott International stock traded down $0.09 during trading on Tuesday, reaching $286.88. The stock had a trading volume of 470,324 shares, compared to its average volume of 1,451,095. The company has a market capitalization of $79.72 billion, a price-to-earnings ratio of 30.02, a P/E/G ratio of 5.76 and a beta of 1.58. The stock has a fifty day moving average price of $271.61 and a two-hundred day moving average price of $247.38. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $295.45.

Marriott International (NASDAQ:MAR - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The company reported $2.26 earnings per share for the quarter, missing the consensus estimate of $2.31 by ($0.05). Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The company had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.27 billion. During the same quarter in the previous year, the business earned $2.11 EPS. Marriott International's revenue was up 5.5% on a year-over-year basis. On average, equities analysts forecast that Marriott International, Inc. will post 9.26 EPS for the current fiscal year.

Marriott International Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have recently commented on MAR. Sanford C. Bernstein lifted their target price on Marriott International from $262.00 to $290.00 and gave the company an "outperform" rating in a research note on Tuesday, November 5th. Stifel Nicolaus lifted their target price on Marriott International from $252.00 to $283.00 and gave the company a "hold" rating in a research note on Tuesday, November 26th. Bank of America lifted their target price on Marriott International from $275.00 to $300.00 and gave the company a "buy" rating in a research note on Monday, October 21st. Barclays lifted their target price on Marriott International from $240.00 to $249.00 and gave the company an "equal weight" rating in a research note on Tuesday, November 5th. Finally, Evercore ISI lifted their target price on Marriott International from $245.00 to $270.00 and gave the company an "in-line" rating in a research note on Monday, October 21st. Fourteen analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $263.70.

Marriott International 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.