Marriott International, Inc. (NASDAQ:MAR) Shares Bought by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC raised its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 1.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,107 shares of the company’s stock after buying an additional 95 shares during the period. OneDigital Investment Advisors LLC’s holdings in Marriott International were worth $1,518,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Bangor Savings Bank grew its holdings in shares of Marriott International by 131.1% in the 2nd 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 about $26,000. MFA Wealth Advisors LLC purchased a new stake in Marriott International during the second quarter valued at about $28,000. Silvant Capital Management LLC purchased a new position in shares of Marriott International in the third quarter worth approximately $31,000. Finally, Unique Wealth Strategies LLC acquired a new stake in shares of Marriott International during the second quarter valued at approximately $35,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Trading Down 1.1 %

Shares of Marriott International stock opened at $278.78 on Monday. Marriott International, Inc. has a 1-year low of $200.94 and a 1-year high of $289.04. The firm has a fifty day simple moving average of $256.59 and a 200-day simple moving average of $241.82. The stock has a market capitalization of $77.47 billion, a price-to-earnings ratio of 29.16, a PEG ratio of 5.48 and a beta of 1.58.

Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Monday, November 4th. The company reported $2.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The firm had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.27 billion. During the same quarter last year, the company earned $2.11 earnings per share. The firm’s revenue was up 5.5% on a year-over-year basis. As a group, research analysts predict that Marriott International, Inc. will post 9.26 earnings per share 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 of this dividend is Thursday, November 21st. This represents a $2.52 annualized dividend and a dividend yield of 0.90%. Marriott International’s dividend payout ratio is 26.36%.

Insider Buying and Selling

In related news, EVP Benjamin T. Breland sold 500 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total transaction of $137,245.00. Following the transaction, the executive vice president now directly owns 12,286 shares in the company, valued at $3,372,384.14. The trade was a 3.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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 sale, the chief executive officer now directly owns 108,361 shares in the company, valued at $30,827,620.89. The trade was a 7.14 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,108 shares of company stock valued at $3,434,439. 12.32% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft cut their target price on shares of Marriott International from $222.00 to $216.00 and set a “hold” rating on the stock in a research note on Thursday, August 1st. Sanford C. Bernstein increased their price objective on Marriott International from $262.00 to $290.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Robert W. Baird lifted their target price on Marriott International from $258.00 to $264.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Morgan Stanley decreased their price target on shares of Marriott International from $268.00 to $250.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. Finally, Macquarie reiterated a “neutral” rating and issued a $245.00 target price on shares of Marriott International in a research report on Tuesday, November 5th. Thirteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $259.00.

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.