Marriott International, Inc. (NASDAQ:MAR) Stock Position Raised by Toronto Dominion Bank

Toronto Dominion Bank increased its position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 4.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 126,483 shares of the company's stock after buying an additional 5,443 shares during the period. Toronto Dominion Bank's holdings in Marriott International were worth $31,444,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. acquired a new stake in Marriott International in the second quarter valued at $26,000. MFA Wealth Advisors LLC acquired a new stake in shares of Marriott International in the 2nd quarter valued at about $28,000. Silvant Capital Management LLC acquired a new position in Marriott International in the third quarter worth about $31,000. Darwin Wealth Management LLC bought a new stake in Marriott International in the third quarter valued at about $33,000. Finally, Unique Wealth Strategies LLC acquired a new stake in Marriott International during the second quarter valued at approximately $35,000. Institutional investors and hedge funds own 70.70% of the company's stock.

Analysts Set New Price Targets

MAR has been the subject of a number of research analyst reports. Macquarie reiterated a "neutral" rating and issued a $245.00 price target on shares of Marriott International in a report on Tuesday, November 5th. Sanford C. Bernstein increased their target price on shares of Marriott International from $262.00 to $290.00 and gave the stock an "outperform" rating in a report on Tuesday, November 5th. TD Cowen decreased their price target on shares of Marriott International from $295.00 to $283.00 and set a "buy" rating for the company in a report on Tuesday, November 5th. Evercore ISI increased their price objective on shares of Marriott International from $245.00 to $270.00 and gave the stock an "in-line" rating in a research note on Monday, October 21st. Finally, The Goldman Sachs Group lifted their target price on Marriott International from $280.00 to $314.00 and gave the company a "buy" rating in a research note on Tuesday. Fourteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $263.70.

Insider Transactions at Marriott International

In other news, EVP Benjamin T. Breland sold 500 shares of the firm's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total value of $137,245.00. Following the completion of the sale, the executive vice president now owns 12,286 shares of the company's stock, valued at $3,372,384.14. This trade represents a 3.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Anthony Capuano sold 8,332 shares of the company's stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $284.49, for a total value of $2,370,370.68. Following the transaction, the chief executive officer now directly owns 108,361 shares in the company, valued at $30,827,620.89. The trade was a 7.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,815 shares of company stock valued at $3,919,739 in the last three months. 12.32% of the stock is currently owned by corporate insiders.

Marriott International Price Performance

Shares of NASDAQ MAR traded down $1.74 during mid-day trading on Thursday, reaching $289.99. 1,167,744 shares of the company traded hands, compared to its average volume of 1,449,264. The firm has a market cap of $80.59 billion, a PE ratio of 30.52, a price-to-earnings-growth ratio of 5.76 and a beta of 1.58. Marriott International, Inc. has a fifty-two week low of $204.55 and a fifty-two week high of $295.45. The stock has a fifty day simple moving average of $273.30 and a 200-day simple moving average of $248.05.

Marriott International (NASDAQ:MAR - Get Free Report) last posted 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 firm 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 firm's quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $2.11 EPS. As a group, analysts predict that Marriott International, Inc. will post 9.26 EPS for the current fiscal year.

Marriott International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st will be given 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 dividend yield of 0.87%. Marriott International's dividend payout ratio (DPR) is presently 26.36%.

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.