Tidal Investments LLC Buys 7,607 Shares of Marriott International, Inc. (NASDAQ:MAR)

Tidal Investments LLC grew its holdings in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 86.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 16,375 shares of the company's stock after acquiring an additional 7,607 shares during the quarter. Tidal Investments LLC's holdings in Marriott International were worth $4,071,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Optimist Retirement Group LLC boosted its stake in shares of Marriott International by 7.7% during the 3rd quarter. Optimist Retirement Group LLC now owns 894 shares of the company's stock worth $222,000 after acquiring an additional 64 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Marriott International during the 3rd quarter valued at $1,260,000. Sanctuary Advisors LLC boosted its position in Marriott International by 5.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 36,251 shares of the company's stock valued at $9,012,000 after buying an additional 1,974 shares during the last quarter. Diamant Asset Management Inc. bought a new position in shares of Marriott International in the 3rd quarter worth $373,000. Finally, Invst LLC boosted its position in shares of Marriott International by 3.1% in the 3rd quarter. Invst LLC now owns 8,258 shares of the company's stock worth $2,053,000 after purchasing an additional 252 shares during the last quarter. Institutional investors and hedge funds own 70.70% of the company's stock.

Insider Buying and Selling

In other news, insider William P. Brown sold 1,707 shares of the business'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 transaction, the insider now owns 23,077 shares in the company, valued at approximately $6,560,791.10. The trade was a 6.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Kathleen K. Oberg sold 2,360 shares of the business's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $285.41, for a total transaction of $673,567.60. Following the completion of the transaction, the chief financial officer now owns 39,726 shares in the company, valued at approximately $11,338,197.66. This trade represents a 5.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,815 shares of company stock valued at $3,919,739. Company insiders own 12.32% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on MAR shares. Macquarie reissued a "neutral" rating and issued a $245.00 price target on shares of Marriott International in a research note on Tuesday, November 5th. Bank of America boosted their price objective on Marriott International from $275.00 to $300.00 and gave the stock a "buy" rating in a report on Monday, October 21st. TD Cowen cut 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. Stifel Nicolaus increased their price target on Marriott International from $252.00 to $283.00 and gave the company a "hold" rating in a research note on Tuesday, November 26th. Finally, Wells Fargo & Company raised their target price on Marriott International from $238.00 to $261.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 22nd. Fourteen analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $266.25.

Marriott International Stock Performance

MAR stock traded down $2.91 on Friday, reaching $287.08. The company had a trading volume of 797,449 shares, compared to its average volume of 1,446,553. Marriott International, Inc. has a 1 year low of $204.55 and a 1 year high of $295.45. The company's fifty day moving average is $274.76 and its 200 day moving average is $248.79. The company has a market cap of $79.78 billion, a P/E ratio of 30.03, a PEG ratio of 5.56 and a beta of 1.58.

Marriott International (NASDAQ:MAR - Get Free Report) last posted its quarterly earnings data 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 net margin of 11.18% and a negative return on equity of 177.91%. The firm had revenue of $6.26 billion during 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 business's quarterly revenue was up 5.5% on a year-over-year basis. On average, sell-side analysts predict that Marriott International, Inc. will post 9.26 earnings per share for the current year.

Marriott International Dividend Announcement

The firm 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. 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 payout ratio is 26.36%.

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.