Prime Capital Investment Advisors LLC Boosts Holdings in Marriott International, Inc. (NASDAQ:MAR)

Prime Capital Investment Advisors LLC increased its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 0.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 25,328 shares of the company’s stock after purchasing an additional 110 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Marriott International were worth $6,296,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. BDF Gestion purchased a new position in shares of Marriott International in the second quarter valued at approximately $3,013,000. Jensen Investment Management Inc. purchased a new stake in shares of Marriott International during the third quarter worth $793,000. CWM LLC lifted its stake in shares of Marriott International by 518.7% in the second quarter. CWM LLC now owns 47,519 shares of the company’s stock worth $11,489,000 after buying an additional 39,839 shares in the last quarter. BayBridge Capital Group LLC acquired a new position in Marriott International during the third quarter worth about $1,254,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in Marriott International in the 2nd quarter valued at about $3,844,000. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CAO Felitia Lee sold 916 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were 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 directly owns 5,609 shares of the company’s stock, valued at $1,550,776.32. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CAO Felitia Lee sold 916 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $276.48, for a total transaction of $253,255.68. Following the transaction, the chief accounting officer now owns 5,609 shares of the company’s stock, valued at approximately $1,550,776.32. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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 completion of the sale, the executive vice president now directly owns 12,286 shares of the company’s stock, valued at approximately $3,372,384.14. This 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.

Marriott International Stock Up 0.0 %

NASDAQ MAR opened at $286.02 on Wednesday. Marriott International, Inc. has a 52-week low of $196.24 and a 52-week high of $287.00. The business’s 50-day moving average price is $252.26 and its 200 day moving average price is $240.54. The firm has a market cap of $79.48 billion, a P/E ratio of 29.92, a P/E/G ratio of 6.27 and a beta of 1.58.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results 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 analysts’ expectations of $6.27 billion. Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.11 earnings per share. As a group, analysts anticipate that Marriott International, Inc. will post 9.26 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. Stockholders of record on Thursday, November 21st will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.88%. Marriott International’s payout ratio is 26.36%.

Analysts Set New Price Targets

Several research firms recently commented on MAR. Morgan Stanley cut their price target on Marriott International from $268.00 to $250.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. The Goldman Sachs Group assumed coverage on shares of Marriott International in a research report on Wednesday, September 18th. They set a “buy” rating and a $267.00 price objective for the company. TD Cowen cut their price target on shares of Marriott International from $295.00 to $283.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Sanford C. Bernstein raised their target price on Marriott International from $262.00 to $290.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Finally, Robert W. Baird increased their price target on Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Thirteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Marriott International presently has a consensus rating of “Hold” and a consensus target price of $259.00.

Marriott International 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.