Marriott International, Inc. (NASDAQ:MAR) Shares Acquired by Signature Estate & Investment Advisors LLC

Signature Estate & Investment Advisors LLC lifted its stake in shares of Marriott International, Inc. (NASDAQ:MARFree Report) by 1.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,036 shares of the company’s stock after acquiring an additional 51 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in Marriott International were worth $755,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Connable Office Inc. lifted its stake in shares of Marriott International by 0.6% in the 3rd quarter. Connable Office Inc. now owns 12,435 shares of the company’s stock valued at $3,091,000 after purchasing an additional 71 shares in the last quarter. CIBC Asset Management Inc lifted its position in Marriott International by 3.8% during the 3rd quarter. CIBC Asset Management Inc now owns 81,964 shares of the company’s stock worth $20,376,000 after acquiring an additional 2,994 shares in the last quarter. OneDigital Investment Advisors LLC lifted its position in Marriott International by 1.6% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 6,107 shares of the company’s stock worth $1,518,000 after acquiring an additional 95 shares in the last quarter. Impax Asset Management Group plc increased its holdings in Marriott International by 3.0% during the 3rd quarter. Impax Asset Management Group plc now owns 31,614 shares of the company’s stock worth $7,859,000 after purchasing an additional 930 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. increased its holdings in Marriott International by 4.8% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,471 shares of the company’s stock worth $1,857,000 after purchasing an additional 339 shares during the last quarter. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Marriott International

In other news, CAO Felitia Lee sold 916 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $276.48, for a total value of $253,255.68. Following the completion of the transaction, the chief accounting officer now directly owns 5,609 shares of the company’s stock, valued at approximately $1,550,776.32. This represents a 14.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Benjamin T. Breland sold 500 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 12,286 shares of the company’s stock, valued at approximately $3,372,384.14. The trade was a 3.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,108 shares of company stock worth $3,434,439 in the last 90 days. 12.32% of the stock is owned by company insiders.

Marriott International Price Performance

Shares of MAR stock opened at $278.78 on Friday. Marriott International, Inc. has a fifty-two week low of $200.94 and a fifty-two week high of $289.04. The stock’s 50-day moving average is $256.59 and its two-hundred day moving average is $241.73. The firm has a market cap of $77.47 billion, a P/E ratio of 29.16, a PEG ratio of 5.63 and a beta of 1.58.

Marriott International (NASDAQ:MARGet Free Report) last issued its earnings results on Monday, November 4th. The company reported $2.26 earnings per share for the quarter, missing the consensus estimate of $2.31 by ($0.05). The firm had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.27 billion. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the company earned $2.11 earnings per share. As a group, research analysts expect that Marriott International, Inc. will post 9.26 EPS for the current year.

Marriott International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.52 annualized dividend and a dividend yield of 0.90%. Marriott International’s dividend payout ratio (DPR) is presently 26.36%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on MAR. Evercore ISI boosted their price target on Marriott International from $245.00 to $270.00 and gave the company an “in-line” rating in a report on Monday, October 21st. Truist Financial lowered their price objective on Marriott International from $263.00 to $254.00 and set a “hold” rating for the company in a research note on Tuesday, August 6th. UBS Group reduced their price target on Marriott International from $267.00 to $244.00 and set a “neutral” rating for the company in a research report on Tuesday, August 13th. Deutsche Bank Aktiengesellschaft cut their price objective on Marriott International from $222.00 to $216.00 and set a “hold” rating for the company in a report on Thursday, August 1st. Finally, Morgan Stanley cut their price objective on Marriott International from $268.00 to $250.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. Thirteen investment 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.com, the stock presently has a consensus rating of “Hold” and an average target price of $259.00.

Get Our Latest Stock Analysis on Marriott International

Marriott International Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Marriott International (NASDAQ:MAR)

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