Marriott International, Inc. (NASDAQ:MAR) Shares Sold by Burt Wealth Advisors

Burt Wealth Advisors lessened its stake in Marriott International, Inc. (NASDAQ:MAR) by 2.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,787 shares of the company’s stock after selling 107 shares during the quarter. Burt Wealth Advisors’ holdings in Marriott International were worth $1,190,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in MAR. Bangor Savings Bank boosted its stake in shares of Marriott International by 131.1% in the second quarter. Bangor Savings Bank now owns 104 shares of the company’s stock worth $25,000 after acquiring an additional 59 shares during the last quarter. Hantz Financial Services Inc. acquired a new stake in Marriott International during the 2nd quarter worth $26,000. MFA Wealth Advisors LLC purchased a new stake in shares of Marriott International during the second quarter worth $28,000. Silvant Capital Management LLC purchased a new position in shares of Marriott International in the third quarter worth about $31,000. Finally, Unique Wealth Strategies LLC purchased a new stake in Marriott International during the 2nd quarter valued at about $35,000. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Marriott International news, EVP Benjamin T. Breland sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $274.49, for a total transaction of $137,245.00. Following the completion of the transaction, the executive vice president now owns 12,286 shares in the company, valued at $3,372,384.14. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 12.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of Marriott International from $235.00 to $255.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. BMO Capital Markets boosted their price objective on Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a research note on Tuesday. The Goldman Sachs Group started coverage on Marriott International in a research note on Wednesday, September 18th. They issued a “buy” rating and a $267.00 target price for the company. Morgan Stanley lowered their price target on shares of Marriott International from $268.00 to $250.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. Finally, TD Cowen reduced their target price on shares of Marriott International from $295.00 to $283.00 and set a “buy” rating on the stock in a research note on Tuesday. Thirteen equities research 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 presently has a consensus rating of “Hold” and a consensus target price of $259.00.

Marriott International Trading Up 1.6 %

Marriott International stock traded up $4.39 during midday trading on Friday, reaching $282.07. 320,770 shares of the stock traded hands, compared to its average volume of 1,468,531. The firm has a market cap of $79.41 billion, a PE ratio of 29.05, a price-to-earnings-growth ratio of 6.21 and a beta of 1.58. Marriott International, Inc. has a 12-month low of $192.27 and a 12-month high of $282.43. The company has a 50-day simple moving average of $249.39 and a two-hundred day simple moving average of $239.69.

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 207.04% and a net margin of 11.18%. Marriott International’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the company earned $2.11 earnings per share. Equities research analysts anticipate that Marriott International, Inc. will post 9.27 earnings per share for the current 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 issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 0.89%. Marriott International’s dividend payout ratio (DPR) 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.