Banco Santander S.A. Sells 1,748 Shares of Marriott International, Inc. (NASDAQ:MAR)

Banco Santander S.A. lowered its holdings in Marriott International, Inc. (NASDAQ:MAR) by 47.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,962 shares of the company’s stock after selling 1,748 shares during the quarter. Banco Santander S.A.’s holdings in Marriott International were worth $488,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Quent Capital LLC boosted its holdings in Marriott International by 7.9% in the 1st quarter. Quent Capital LLC now owns 644 shares of the company’s stock valued at $162,000 after purchasing an additional 47 shares during the period. Epoch Investment Partners Inc. bought a new stake in shares of Marriott International in the first quarter valued at about $1,716,000. BOKF NA increased its stake in Marriott International by 12.9% during the first quarter. BOKF NA now owns 3,151 shares of the company’s stock valued at $792,000 after acquiring an additional 360 shares during the period. SVB Wealth LLC raised its holdings in Marriott International by 2.8% in the 1st quarter. SVB Wealth LLC now owns 1,891 shares of the company’s stock valued at $477,000 after acquiring an additional 52 shares in the last quarter. Finally, Paloma Partners Management Co lifted its position in shares of Marriott International by 15.2% in the 1st quarter. Paloma Partners Management Co now owns 5,967 shares of the company’s stock worth $1,506,000 after acquiring an additional 788 shares during the period. 70.70% of the stock is owned by institutional investors.

Insider Activity at Marriott International

In other news, CEO Anthony Capuano sold 8,332 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $284.49, for a total transaction of $2,370,370.68. Following the completion of the transaction, the chief executive officer now directly owns 108,361 shares of the company’s stock, valued at $30,827,620.89. This trade represents a 7.14 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Felitia Lee sold 916 shares of the business’s 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 sale, the chief accounting officer now directly owns 5,609 shares in the company, valued at approximately $1,550,776.32. This represents a 14.04 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 12,108 shares of company stock worth $3,434,439. 12.32% of the stock is owned by company insiders.

Marriott International Trading Up 0.3 %

Marriott International stock opened at $284.29 on Friday. The firm has a market capitalization of $79.00 billion, a P/E ratio of 29.74, a PEG ratio of 5.58 and a beta of 1.58. The business has a 50-day moving average of $261.88 and a 200-day moving average of $243.39. Marriott International, Inc. has a 1 year low of $200.94 and a 1 year high of $289.04.

Marriott International (NASDAQ:MAR) last posted 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). Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The firm had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.27 billion. During the same quarter last year, the business posted $2.11 earnings per share. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. Research analysts anticipate that Marriott International, Inc. will post 9.26 EPS for the current fiscal year.

Marriott International Announces Dividend

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 issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend is Thursday, November 21st. Marriott International’s dividend payout ratio (DPR) is presently 26.36%.

Analysts Set New Price Targets

A number of brokerages recently commented on MAR. Barclays upped their target price on Marriott International from $240.00 to $249.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 5th. Sanford C. Bernstein increased their price objective on shares of Marriott International from $262.00 to $290.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lowered 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. Wells Fargo & Company increased their target price on Marriott International from $238.00 to $261.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 22nd. Finally, Bank of America increased their target price on shares of Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Thirteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $259.00.

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.