STAR Financial Bank Has $460,000 Stake in Marriott International, Inc. (NASDAQ:MAR)

STAR Financial Bank decreased its position in Marriott International, Inc. (NASDAQ:MAR) by 17.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,850 shares of the company’s stock after selling 400 shares during the period. STAR Financial Bank’s holdings in Marriott International were worth $460,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of MAR. Quent Capital LLC lifted its position in Marriott International by 7.9% in the 1st quarter. Quent Capital LLC now owns 644 shares of the company’s stock valued at $162,000 after acquiring an additional 47 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of Marriott International by 151.7% during the first quarter. Bessemer Group Inc. now owns 16,047 shares of the company’s stock worth $4,049,000 after buying an additional 9,671 shares during the period. CreativeOne Wealth LLC raised its position in Marriott International by 30.8% in the 1st quarter. CreativeOne Wealth LLC now owns 2,053 shares of the company’s stock valued at $518,000 after buying an additional 484 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of Marriott International by 16.8% during the 1st quarter. Advisors Asset Management Inc. now owns 17,975 shares of the company’s stock worth $4,535,000 after acquiring an additional 2,592 shares in the last quarter. Finally, Rodgers Brothers Inc. raised its holdings in shares of Marriott International by 13.1% in the first quarter. Rodgers Brothers Inc. now owns 1,725 shares of the company’s stock valued at $435,000 after purchasing an additional 200 shares during the last quarter. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Marriott International

In other news, CAO Felitia Lee sold 916 shares of the 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 completion of the sale, the chief accounting officer now owns 5,609 shares of the company’s stock, valued at approximately $1,550,776.32. This represents a 14.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Anthony Capuano sold 8,332 shares of Marriott International stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $284.49, for a total value of $2,370,370.68. Following the completion of the transaction, the chief executive officer now directly owns 108,361 shares in the company, 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 a total of 12,108 shares of company stock worth $3,434,439 in the last quarter. 12.32% of the stock is owned by insiders.

Marriott International Stock Performance

NASDAQ:MAR opened at $280.18 on Thursday. Marriott International, Inc. has a fifty-two week low of $200.94 and a fifty-two week high of $289.04. The company has a market cap of $77.86 billion, a price-to-earnings ratio of 29.31, a PEG ratio of 5.49 and a beta of 1.58. The stock has a fifty day moving average price of $259.78 and a 200-day moving average price of $242.73.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.27 billion. During the same period last year, the firm posted $2.11 EPS. Marriott International’s quarterly revenue was up 5.5% on a year-over-year basis. Research analysts predict that Marriott International, Inc. will post 9.26 EPS 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. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Thursday, November 21st. Marriott International’s dividend payout ratio (DPR) is currently 26.36%.

Analyst Upgrades and Downgrades

MAR has been the subject of a number of analyst reports. Morgan Stanley decreased their target price on shares of Marriott International from $268.00 to $250.00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. Bank of America upped their target price on Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Robert W. Baird raised their price target on Marriott International from $258.00 to $264.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Truist Financial cut their price objective on Marriott International from $263.00 to $254.00 and set a “hold” rating for the company in a report on Tuesday, August 6th. Finally, Barclays boosted their target price on shares of Marriott International from $240.00 to $249.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 5th. Thirteen analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Marriott International has an average 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.