Verus Capital Partners LLC Has $402,000 Position in Marriott International, Inc. (NASDAQ:MAR)

Verus Capital Partners LLC trimmed its position in Marriott International, Inc. (NASDAQ:MAR) by 11.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,617 shares of the company’s stock after selling 213 shares during the quarter. Verus Capital Partners LLC’s holdings in Marriott International were worth $402,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of MAR. Bangor Savings Bank grew its holdings in Marriott International by 131.1% in the 2nd quarter. Bangor Savings Bank now owns 104 shares of the company’s stock valued at $25,000 after buying an additional 59 shares during the last quarter. Hantz Financial Services Inc. acquired a new stake in shares of Marriott International in the second quarter worth $26,000. MFA Wealth Advisors LLC acquired a new position in Marriott International during the 2nd quarter valued at $28,000. Silvant Capital Management LLC acquired a new stake in Marriott International in the 3rd quarter worth $31,000. Finally, Unique Wealth Strategies LLC bought a new position in shares of Marriott International during the 2nd quarter worth about $35,000. 70.70% of the stock is owned by institutional investors.

Insider Activity

In related news, CAO Felitia Lee sold 916 shares of Marriott International 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 directly owns 5,609 shares in the company, valued at $1,550,776.32. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Benjamin T. Breland sold 500 shares of the company’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 completion of the sale, the executive vice president now owns 12,286 shares in the company, valued at approximately $3,372,384.14. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Felitia Lee sold 916 shares of the firm’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 approximately $1,550,776.32. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 10.07% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on MAR. UBS Group decreased their target price on Marriott International from $267.00 to $244.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 13th. Macquarie reissued a “neutral” rating and set a $245.00 price objective on shares of Marriott International in a report on Tuesday, November 5th. Truist Financial reduced their target price on Marriott International from $263.00 to $254.00 and set a “hold” rating for the company in a research report on Tuesday, August 6th. TD Cowen lowered their price target on shares of Marriott International from $295.00 to $283.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Finally, Mizuho raised their price objective 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. Thirteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $259.00.

Marriott International Stock Performance

Shares of MAR opened at $286.02 on Wednesday. The stock has a fifty day moving average price of $252.26 and a two-hundred day moving average price of $240.54. The company has a market cap of $79.48 billion, a price-to-earnings ratio of 29.92, a PEG ratio of 6.27 and a beta of 1.58. Marriott International, Inc. has a 52-week low of $196.24 and a 52-week high of $287.00.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data 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 company had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.27 billion. During the same period in the prior year, the company earned $2.11 EPS. The firm’s revenue was up 5.5% compared to the same quarter last year. As a group, 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 disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, November 21st will be given a $0.63 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.52 dividend on an annualized basis and a yield of 0.88%. Marriott International’s payout ratio is 26.36%.

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.