Marriott International, Inc. (NASDAQ:MAR) Shares Acquired by Patron Partners LLC

Patron Partners LLC raised its stake in Marriott International, Inc. (NASDAQ:MAR) by 18.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 3,562 shares of the company’s stock after purchasing an additional 558 shares during the quarter. Patron Partners LLC’s holdings in Marriott International were worth $886,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of MAR. Quent Capital LLC lifted its stake in 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 acquiring an additional 47 shares in the last quarter. QRG Capital Management Inc. increased its stake in Marriott International by 4.6% during the 1st quarter. QRG Capital Management Inc. now owns 26,396 shares of the company’s stock worth $6,660,000 after buying an additional 1,155 shares during the period. Russell Investments Group Ltd. grew its stake in shares of Marriott International by 81.2% in the first quarter. Russell Investments Group Ltd. now owns 70,594 shares of the company’s stock worth $17,816,000 after acquiring an additional 31,629 shares in the last quarter. US Bancorp DE raised its stake in shares of Marriott International by 1.7% in the first quarter. US Bancorp DE now owns 91,355 shares of the company’s stock valued at $23,050,000 after acquiring an additional 1,547 shares in the last quarter. Finally, Avantax Advisory Services Inc. increased its holdings in Marriott International by 37.7% during the 1st quarter. Avantax Advisory Services Inc. now owns 11,775 shares of the company’s stock worth $2,971,000 after purchasing an additional 3,221 shares during the period. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Insider Transactions at Marriott International

In other Marriott International news, EVP Benjamin T. Breland sold 500 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $274.49, for a total value of $137,245.00. Following the sale, the executive vice president now owns 12,286 shares of the company’s stock, valued at $3,372,384.14. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, EVP Benjamin T. Breland sold 500 shares of Marriott International 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 completion of the transaction, the executive vice president now directly owns 12,286 shares of the company’s stock, valued at $3,372,384.14. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Felitia Lee sold 916 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $276.48, for a total value of $253,255.68. Following the sale, the chief accounting officer now directly owns 5,609 shares in the company, valued at approximately $1,550,776.32. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 12.32% of the company’s stock.

Marriott International Trading Up 1.8 %

Shares of NASDAQ MAR opened at $285.91 on Tuesday. The firm has a market capitalization of $79.45 billion, a PE ratio of 29.91, a PEG ratio of 6.15 and a beta of 1.58. Marriott International, Inc. has a one year low of $196.24 and a one year high of $286.19. The business has a 50-day moving average price of $252.26 and a two-hundred day moving average price of $240.54.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results 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 negative return on equity of 177.91% and a net margin of 11.18%. The company had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.27 billion. During the same period last year, the company posted $2.11 earnings per share. The company’s revenue was up 5.5% compared to the same quarter last year. Research analysts anticipate that Marriott International, Inc. will post 9.27 EPS for the current year.

Marriott International Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Evercore ISI boosted their price objective on Marriott International from $245.00 to $270.00 and gave the stock an “in-line” rating in a research report on Monday, October 21st. Robert W. Baird lifted their price objective on shares of Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. UBS Group cut their price target on Marriott International from $267.00 to $244.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 13th. Deutsche Bank Aktiengesellschaft dropped their price objective on Marriott International from $222.00 to $216.00 and set a “hold” rating on the stock in a report on Thursday, August 1st. Finally, Bank of America boosted their target price on Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Thirteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Marriott International currently has an average rating of “Hold” and a consensus target price of $259.00.

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.