Marriott International, Inc. (NASDAQ:MAR) Shares Sold by Compass Wealth Management LLC

Compass Wealth Management LLC lowered its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 2.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,667 shares of the company’s stock after selling 580 shares during the period. Compass Wealth Management LLC’s holdings in Marriott International were worth $4,889,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rockland Trust Co. grew its holdings in Marriott International by 2.3% during the 2nd quarter. Rockland Trust Co. now owns 1,802 shares of the company’s stock valued at $436,000 after buying an additional 41 shares during the last quarter. Kathmere Capital Management LLC grew its holdings in Marriott International by 1.2% during the 1st quarter. Kathmere Capital Management LLC now owns 3,599 shares of the company’s stock valued at $908,000 after buying an additional 42 shares during the last quarter. Park Avenue Securities LLC grew its holdings in Marriott International by 1.4% during the 2nd quarter. Park Avenue Securities LLC now owns 3,298 shares of the company’s stock valued at $797,000 after buying an additional 46 shares during the last quarter. SeaCrest Wealth Management LLC grew its holdings in Marriott International by 1.5% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 3,075 shares of the company’s stock valued at $743,000 after buying an additional 46 shares during the last quarter. Finally, Quent Capital LLC lifted its stake in shares of Marriott International by 7.9% during the 1st quarter. Quent Capital LLC now owns 644 shares of the company’s stock worth $162,000 after purchasing an additional 47 shares during the period. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Stock Up 0.6 %

Marriott International stock traded up $1.68 during mid-day trading on Thursday, hitting $264.25. The company’s stock had a trading volume of 212,608 shares, compared to its average volume of 1,477,830. The stock has a market capitalization of $75.48 billion, a P/E ratio of 27.10, a P/E/G ratio of 6.15 and a beta of 1.59. Marriott International, Inc. has a twelve month low of $180.75 and a twelve month high of $264.50. The stock’s fifty day moving average price is $237.02 and its two-hundred day moving average price is $238.19.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.49 by $0.01. The firm had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6.47 billion. Marriott International had a net margin of 12.01% and a negative return on equity of 239.60%. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.26 earnings per share. Equities analysts expect that Marriott International, Inc. will post 9.37 earnings per share for the current year.

Marriott International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, August 16th were given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Friday, August 16th. Marriott International’s payout ratio is 26.01%.

Wall Street Analysts Forecast Growth

MAR has been the topic of a number of recent analyst reports. The Goldman Sachs Group initiated coverage on Marriott International in a research note on Wednesday, September 18th. They set a “buy” rating and a $267.00 price target on the stock. Morgan Stanley reduced their price target on Marriott International from $268.00 to $250.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. Robert W. Baird reduced their price target on Marriott International from $252.00 to $245.00 and set a “neutral” rating on the stock in a research note on Thursday, August 1st. Macquarie reaffirmed a “neutral” rating and issued a $245.00 target price on shares of Marriott International in a research report on Friday, August 2nd. Finally, Wells Fargo & Company cut their target price on Marriott International from $248.00 to $238.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 1st. Twelve investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Marriott International currently has an average rating of “Hold” and a consensus price target of $248.65.

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.