Blueshift Asset Management LLC Purchases Shares of 827 Marriott International, Inc. (NASDAQ:MAR)

Blueshift Asset Management LLC purchased a new stake in shares of Marriott International, Inc. (NASDAQ:MAR) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 827 shares of the company’s stock, valued at approximately $206,000.

Other hedge funds also recently bought and sold shares of the company. Swedbank AB acquired a new stake in shares of Marriott International during the first quarter worth approximately $14,872,000. Atria Investments Inc increased its holdings in shares of Marriott International by 47.7% in the first quarter. Atria Investments Inc now owns 12,512 shares of the company’s stock valued at $3,157,000 after purchasing an additional 4,043 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of Marriott International by 175.9% in the first quarter. Cetera Investment Advisers now owns 58,447 shares of the company’s stock valued at $14,747,000 after purchasing an additional 37,260 shares in the last quarter. Cetera Advisors LLC increased its holdings in shares of Marriott International by 91.6% in the first quarter. Cetera Advisors LLC now owns 15,892 shares of the company’s stock valued at $4,010,000 after purchasing an additional 7,596 shares in the last quarter. Finally, Cambridge Trust Co. increased its holdings in shares of Marriott International by 9.7% in the first quarter. Cambridge Trust Co. now owns 678 shares of the company’s stock valued at $171,000 after purchasing an additional 60 shares in the last quarter. 70.70% of the stock is currently owned by institutional investors.

Marriott International Stock Performance

Shares of MAR stock opened at $289.09 on Friday. The company has a market capitalization of $80.34 billion, a price-to-earnings ratio of 30.24, a PEG ratio of 5.62 and a beta of 1.58. The company has a 50-day simple moving average of $266.70 and a 200 day simple moving average of $245.07. Marriott International, Inc. has a 52 week low of $200.94 and a 52 week high of $290.43.

Marriott International (NASDAQ:MAR) last announced its earnings results on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing the consensus estimate of $2.31 by ($0.05). The company had revenue of $6.26 billion for 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 business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.11 EPS. Sell-side analysts forecast that Marriott International, Inc. will post 9.26 EPS for the current year.

Marriott International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, November 21st will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date is Thursday, November 21st. Marriott International’s dividend payout ratio is currently 26.36%.

Insider Buying and Selling at Marriott International

In related news, insider William P. Brown sold 1,707 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were 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 in the company, valued at $6,560,791.10. This represents a 6.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Anthony Capuano sold 8,332 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $284.49, for a total transaction of $2,370,370.68. Following the transaction, the chief executive officer now owns 108,361 shares of the company’s stock, valued at approximately $30,827,620.89. This represents a 7.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,815 shares of company stock valued at $3,919,739 in the last quarter. Company insiders own 12.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Sanford C. Bernstein raised their price target on shares of Marriott International from $262.00 to $290.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Robert W. Baird raised their price objective on shares of Marriott International from $258.00 to $264.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Macquarie reaffirmed a “neutral” rating and issued a $245.00 price objective on shares of Marriott International in a research note on Tuesday, November 5th. Truist Financial reduced their price objective on shares of Marriott International from $263.00 to $254.00 and set a “hold” rating on the stock in a research note on Tuesday, August 6th. Finally, Evercore ISI raised 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. Fourteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $260.20.

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.