Marriott International, Inc. (NASDAQ:MAR) Shares Sold by Mizuho Securities USA LLC

Mizuho Securities USA LLC trimmed its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 18.1% during the third quarter, Holdings Channel reports. The firm owned 15,152 shares of the company’s stock after selling 3,344 shares during the quarter. Mizuho Securities USA LLC’s holdings in Marriott International were worth $3,767,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. BDF Gestion bought a new position in Marriott International in the second quarter worth about $3,013,000. Jensen Investment Management Inc. acquired a new position in Marriott International during the 3rd quarter valued at approximately $793,000. CWM LLC increased its position in Marriott International by 518.7% in the second quarter. CWM LLC now owns 47,519 shares of the company’s stock worth $11,489,000 after buying an additional 39,839 shares during the period. BayBridge Capital Group LLC bought a new stake in Marriott International in the third quarter valued at $1,254,000. Finally, Kinsale Capital Group Inc. bought a new position in shares of Marriott International during the third quarter worth about $3,769,000. 70.70% of the stock is currently owned by institutional investors.

Insider Transactions at Marriott International

In other Marriott International news, CAO Felitia Lee sold 916 shares of the business’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 transaction, the chief accounting officer now owns 5,609 shares in the company, valued at $1,550,776.32. The trade was a 14.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Benjamin T. Breland sold 500 shares of the firm’s 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 sale, the executive vice president now directly owns 12,286 shares of the company’s stock, valued at $3,372,384.14. This trade represents 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 valued at $3,434,439 over the last quarter. Company insiders own 12.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MAR. Macquarie reissued a “neutral” rating and set a $245.00 target price on shares of Marriott International in a research note on Tuesday, November 5th. The Goldman Sachs Group assumed coverage on Marriott International in a research report on Wednesday, September 18th. They issued a “buy” rating and a $267.00 target price on the stock. BMO Capital Markets increased their price target on Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 5th. Morgan Stanley reduced their price objective on shares of Marriott International from $268.00 to $250.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. Finally, Bank of America boosted their price target on shares of Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Thirteen research 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 has a consensus rating of “Hold” and an average price target of $259.00.

Marriott International Stock Up 1.3 %

Shares of NASDAQ MAR opened at $283.23 on Friday. Marriott International, Inc. has a 12 month low of $200.94 and a 12 month high of $289.04. The company has a market cap of $78.71 billion, a price-to-earnings ratio of 29.63, a P/E/G ratio of 5.49 and a beta of 1.58. The business has a fifty day simple moving average of $260.83 and a 200-day simple moving average of $243.01.

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). Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The firm had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.27 billion. During the same quarter in the previous year, the business earned $2.11 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, sell-side analysts expect that Marriott International, Inc. will post 9.26 EPS for the current fiscal year.

Marriott International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st will be issued a $0.63 dividend. The ex-dividend date is Thursday, November 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.89%. Marriott International’s payout ratio is currently 26.36%.

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.