Financial Counselors Inc. Makes New $1.29 Million Investment in Marriott International, Inc. (NASDAQ:MAR)

Financial Counselors Inc. bought a new stake in shares of Marriott International, Inc. (NASDAQ:MAR) in the third quarter, Holdings Channel reports. The institutional investor bought 5,198 shares of the company’s stock, valued at approximately $1,292,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Public Sector Pension Investment Board increased its holdings in shares of Marriott International by 5.9% in the 3rd quarter. Public Sector Pension Investment Board now owns 8,944 shares of the company’s stock worth $2,223,000 after buying an additional 500 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Marriott International by 4.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,024,187 shares of the company’s stock worth $254,613,000 after acquiring an additional 46,563 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Marriott International by 1.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,185 shares of the company’s stock valued at $11,482,000 after purchasing an additional 435 shares during the last quarter. CreativeOne Wealth LLC increased its position in shares of Marriott International by 7.5% during the 3rd quarter. CreativeOne Wealth LLC now owns 1,772 shares of the company’s stock valued at $441,000 after purchasing an additional 123 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its position in Marriott International by 7.6% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 259,766 shares of the company’s stock worth $64,578,000 after buying an additional 18,439 shares during the last quarter. 70.70% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on MAR. UBS Group dropped their price target on shares of Marriott International from $267.00 to $244.00 and set a “neutral” rating for the company in a research note on Tuesday, August 13th. Truist Financial reduced their price target on Marriott International from $263.00 to $254.00 and set a “hold” rating on the stock in a report on Tuesday, August 6th. Stifel Nicolaus boosted their price objective on Marriott International from $252.00 to $283.00 and gave the company a “hold” rating in a report on Tuesday. Wells Fargo & Company boosted their target price on shares of Marriott International from $238.00 to $261.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 22nd. Finally, Macquarie reaffirmed a “neutral” rating and issued a $245.00 price target on shares of Marriott International in a research note on Tuesday, November 5th. Fourteen analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $260.20.

Insiders Place Their Bets

In related news, insider William P. Brown sold 1,707 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $284.30, for a total value of $485,300.10. Following the completion of the transaction, the insider now owns 23,077 shares in the company, valued at $6,560,791.10. This trade represents a 6.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Kathleen K. Oberg sold 2,360 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $285.41, for a total value of $673,567.60. Following the sale, the chief financial officer now owns 39,726 shares in the company, valued at approximately $11,338,197.66. The trade was a 5.61 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,815 shares of company stock valued at $3,919,739. Insiders own 12.32% of the company’s stock.

Marriott International Stock Up 1.2 %

Shares of Marriott International stock opened at $289.09 on Friday. The company has a market cap of $80.34 billion, a P/E ratio of 30.24, a PEG ratio of 5.62 and a beta of 1.58. Marriott International, Inc. has a 52-week low of $200.94 and a 52-week high of $290.43. The firm’s 50 day moving average price is $266.70 and its 200-day moving average price is $245.07.

Marriott International (NASDAQ:MAR) last announced 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 business had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.27 billion. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.11 earnings per share. As a group, equities research analysts forecast that Marriott International, Inc. will post 9.26 EPS for the current fiscal year.

Marriott International Dividend Announcement

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

Marriott International 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.