Prime Capital Investment Advisors LLC Acquires 110 Shares of Marriott International, Inc. (NASDAQ:MAR)

Prime Capital Investment Advisors LLC raised its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 0.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,328 shares of the company’s stock after buying an additional 110 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Marriott International were worth $6,296,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in MAR. BDF Gestion purchased a new position in Marriott International during the second quarter valued at approximately $3,013,000. Jensen Investment Management Inc. purchased a new position in shares of Marriott International in the third quarter valued at about $793,000. CWM LLC raised its stake in Marriott International by 518.7% during the 2nd quarter. CWM LLC now owns 47,519 shares of the company’s stock valued at $11,489,000 after purchasing an additional 39,839 shares during the period. BayBridge Capital Group LLC purchased a new stake in Marriott International during the 3rd quarter valued at approximately $1,254,000. Finally, Susquehanna Fundamental Investments LLC purchased a new position in Marriott International during the second quarter valued at $3,844,000. 70.70% of the stock is currently owned by institutional investors.

Marriott International Stock Performance

Shares of Marriott International stock opened at $286.02 on Wednesday. The company has a 50-day simple moving average of $252.26 and a two-hundred day simple moving average of $240.54. Marriott International, Inc. has a one year low of $196.24 and a one year high of $287.00. The company has a market capitalization of $79.48 billion, a PE ratio of 29.92, a P/E/G ratio of 6.27 and a beta of 1.58.

Marriott International (NASDAQ:MAR) last announced its earnings results on Monday, November 4th. The company reported $2.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.31 by ($0.05). Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The business had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.27 billion. During the same period in the prior year, the company earned $2.11 earnings per share. The company’s quarterly revenue was up 5.5% on a year-over-year basis. On average, equities analysts predict that Marriott International, Inc. will post 9.26 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The company 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 of this dividend is Thursday, November 21st. This represents a $2.52 annualized dividend and a yield of 0.88%. Marriott International’s payout ratio is presently 26.36%.

Insider Activity at Marriott International

In other news, EVP Benjamin T. Breland sold 500 shares of the company’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 directly owns 12,286 shares of the company’s stock, valued at $3,372,384.14. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Marriott International news, CAO Felitia Lee sold 916 shares of Marriott International stock in a transaction on Thursday, November 7th. The shares were 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 owns 5,609 shares of the company’s stock, valued at approximately $1,550,776.32. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Benjamin T. Breland sold 500 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total transaction of $137,245.00. Following the sale, the executive vice president now directly owns 12,286 shares in the company, valued at approximately $3,372,384.14. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 10.07% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. UBS Group cut their price objective 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. TD Cowen lowered their target price on Marriott International from $295.00 to $283.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Truist Financial decreased their price target 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. Mizuho boosted their target price on shares of Marriott International from $233.00 to $246.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. lifted their price target on Marriott International from $235.00 to $255.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. Thirteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average 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.