Field & Main Bank Acquires 1,102 Shares of Marriott International, Inc. (NASDAQ:MAR)

Field & Main Bank raised its holdings in Marriott International, Inc. (NASDAQ:MAR) by 136.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,912 shares of the company’s stock after purchasing an additional 1,102 shares during the quarter. Field & Main Bank’s holdings in Marriott International were worth $475,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in MAR. Quent Capital LLC grew its stake in shares of Marriott International by 7.9% during the 1st quarter. Quent Capital LLC now owns 644 shares of the company’s stock worth $162,000 after acquiring an additional 47 shares during the period. Atomi Financial Group Inc. lifted its holdings in Marriott International by 17.5% during the 1st quarter. Atomi Financial Group Inc. now owns 1,900 shares of the company’s stock worth $480,000 after purchasing an additional 283 shares in the last quarter. Meeder Advisory Services Inc. lifted its holdings in Marriott International by 3.5% during the 1st quarter. Meeder Advisory Services Inc. now owns 4,810 shares of the company’s stock worth $1,214,000 after purchasing an additional 161 shares in the last quarter. Verus Capital Partners LLC lifted its holdings in Marriott International by 17.5% during the 1st quarter. Verus Capital Partners LLC now owns 2,155 shares of the company’s stock worth $544,000 after purchasing an additional 321 shares in the last quarter. Finally, QRG Capital Management Inc. lifted its holdings in Marriott International by 4.6% during the 1st quarter. QRG Capital Management Inc. now owns 26,396 shares of the company’s stock worth $6,660,000 after purchasing an additional 1,155 shares in the last quarter. Institutional investors own 70.70% of the company’s stock.

Analyst Ratings Changes

MAR has been the topic of a number of recent research reports. TD Cowen dropped their price objective on Marriott International from $295.00 to $283.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lowered their price target on Marriott International from $222.00 to $216.00 and set a “hold” rating on the stock in a report on Thursday, August 1st. UBS Group lowered their price target on Marriott International from $267.00 to $244.00 and set a “neutral” rating on the stock in a report on Tuesday, August 13th. Mizuho raised their price target on Marriott International from $233.00 to $246.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. raised their price target on Marriott International from $235.00 to $255.00 and gave the company a “neutral” rating in a 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. According to MarketBeat, Marriott International currently has an average rating of “Hold” and an average price target of $259.00.

Insider Transactions at Marriott International

In other news, EVP Benjamin T. Breland sold 500 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive vice president now owns 12,286 shares in the company, valued at $3,372,384.14. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Marriott International news, CAO Felitia Lee sold 916 shares of Marriott International stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $276.48, for a total transaction of $253,255.68. Following the completion of the transaction, the chief accounting officer now owns 5,609 shares in the company, valued at approximately $1,550,776.32. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Benjamin T. Breland sold 500 shares of Marriott International 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 transaction, the executive vice president now owns 12,286 shares of the company’s stock, valued at $3,372,384.14. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 12.32% of the company’s stock.

Marriott International Price Performance

MAR opened at $280.80 on Friday. The stock’s 50 day simple moving average is $251.24 and its 200 day simple moving average is $240.26. Marriott International, Inc. has a 1 year low of $192.27 and a 1 year high of $282.80. The firm has a market cap of $78.03 billion, a price-to-earnings ratio of 29.37, a PEG ratio of 6.05 and a beta of 1.58.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Monday, November 4th. The company reported $2.26 earnings per share for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). The business had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.27 billion. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. Marriott International’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.11 earnings per share. As a group, sell-side analysts anticipate that Marriott International, Inc. will post 9.27 EPS for the current year.

Marriott International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st will be given 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 0.90%. Marriott International’s dividend 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.