Wilmington Savings Fund Society FSB Makes New Investment in Marriott International, Inc. (NASDAQ:MAR)

Wilmington Savings Fund Society FSB bought a new position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 5,069 shares of the company's stock, valued at approximately $1,260,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MAR. Hantz Financial Services Inc. purchased a new position in Marriott International in the second quarter valued at about $26,000. MFA Wealth Advisors LLC bought a new position in shares of Marriott International in the 2nd quarter worth $28,000. Silvant Capital Management LLC bought a new position in shares of Marriott International in the 3rd quarter worth $31,000. Darwin Wealth Management LLC bought a new position in shares of Marriott International in the 3rd quarter worth $33,000. Finally, Unique Wealth Strategies LLC bought a new position in shares of Marriott International in the 2nd quarter worth $35,000. 70.70% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

MAR has been the subject of a number of research reports. Evercore ISI upped their price objective on shares of Marriott International from $245.00 to $270.00 and gave the company an "in-line" rating in a research note on Monday, October 21st. BMO Capital Markets increased their price target on shares of Marriott International from $255.00 to $265.00 and gave the company a "market perform" rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. increased their price target on shares of Marriott International from $251.00 to $269.00 and gave the company a "neutral" rating in a research report on Friday. Macquarie reissued a "neutral" rating and set a $245.00 price target on shares of Marriott International in a research report on Tuesday, November 5th. Finally, Bank of America increased their price target on shares of Marriott International from $275.00 to $300.00 and gave the company a "buy" rating in a research report on Monday, October 21st. Fourteen investment 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, the company presently has a consensus rating of "Hold" and an average target price of $266.25.

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 stock was sold at an average price of $284.30, for a total transaction of $485,300.10. Following the completion of the transaction, the insider now directly owns 23,077 shares of the company's stock, valued at approximately $6,560,791.10. The trade was a 6.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Benjamin T. Breland sold 500 shares of the business's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total value 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 represents a 3.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,815 shares of company stock valued at $3,919,739. 12.32% of the stock is currently owned by insiders.

Marriott International Trading Down 1.0 %

Marriott International stock traded down $2.91 during mid-day trading on Friday, hitting $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 12-month low of $204.55 and a 12-month 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 capitalization of $79.78 billion, a price-to-earnings ratio of 30.03, a P/E/G ratio of 5.56 and a beta of 1.58.

Marriott International (NASDAQ:MAR - Get Free Report) last announced its earnings results 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). Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The business had revenue of $6.26 billion for the quarter, compared to analysts' expectations of $6.27 billion. During the same quarter last year, the business earned $2.11 EPS. The company's quarterly revenue was up 5.5% on a year-over-year basis. As a group, sell-side analysts expect that Marriott International, Inc. will post 9.26 EPS for the current fiscal year.

Marriott International Dividend Announcement

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 given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Thursday, November 21st. Marriott International's payout ratio is 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.