MML Investors Services LLC Increases Stake in Marriott International, Inc. (NASDAQ:MAR)

MML Investors Services LLC lifted its stake in Marriott International, Inc. (NASDAQ:MAR) by 1.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,570 shares of the company’s stock after buying an additional 351 shares during the quarter. MML Investors Services LLC’s holdings in Marriott International were worth $4,865,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MAR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Marriott International by 4.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,024,187 shares of the company’s stock worth $254,613,000 after acquiring an additional 46,563 shares in the last quarter. National Pension Service increased its position in Marriott International by 11.6% in the third quarter. National Pension Service now owns 719,613 shares of the company’s stock worth $178,896,000 after purchasing an additional 74,832 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Marriott International by 5.1% during the second quarter. Dimensional Fund Advisors LP now owns 679,757 shares of the company’s stock valued at $164,355,000 after purchasing an additional 33,149 shares in the last quarter. First Pacific Advisors LP grew its stake in shares of Marriott International by 2.1% in the 2nd quarter. First Pacific Advisors LP now owns 613,205 shares of the company’s stock worth $148,255,000 after buying an additional 12,499 shares in the last quarter. Finally, Janus Henderson Group PLC increased its holdings in shares of Marriott International by 8.4% in the 3rd quarter. Janus Henderson Group PLC now owns 613,052 shares of the company’s stock worth $152,399,000 after buying an additional 47,551 shares during the last quarter. Institutional investors own 70.70% of the company’s stock.

Insider Buying and Selling at Marriott International

In other news, EVP Benjamin T. Breland sold 500 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $274.49, for a total transaction of $137,245.00. Following the transaction, the executive vice president now owns 12,286 shares in the company, valued at $3,372,384.14. This represents a 3.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider William P. Brown sold 1,707 shares of Marriott International stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $284.30, for a total transaction of $485,300.10. Following the completion of the sale, the insider now owns 23,077 shares of the company’s stock, valued at $6,560,791.10. This trade represents a 6.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,815 shares of company stock valued at $3,919,739. 12.32% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

MAR has been the topic of several analyst reports. Truist Financial boosted their price objective on Marriott International from $254.00 to $277.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. TD Cowen decreased their price target on Marriott International from $295.00 to $283.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. JPMorgan Chase & Co. raised their price target on Marriott International from $251.00 to $269.00 and gave the stock a “neutral” rating in a research report on Friday. The Goldman Sachs Group increased their target price on shares of Marriott International from $280.00 to $314.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Stifel Nicolaus lifted their price target on shares of Marriott International from $252.00 to $283.00 and gave the stock a “hold” rating in a research note on Tuesday, November 26th. Fourteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $266.25.

Marriott International Price Performance

Shares of Marriott International stock opened at $287.08 on Friday. Marriott International, Inc. has a 1 year low of $204.55 and a 1 year high of $295.45. The stock has a market cap of $79.78 billion, a price-to-earnings ratio of 30.03, a PEG ratio of 5.56 and a beta of 1.58. The firm’s 50-day moving average is $274.76 and its two-hundred day moving average is $248.69.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Monday, November 4th. The company reported $2.26 earnings per share (EPS) 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 net margin of 11.18% and a negative return on equity of 177.91%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.11 earnings per share. On average, equities analysts expect that Marriott International, Inc. will post 9.26 earnings per share for the current year.

Marriott International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, November 21st will be paid a $0.63 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.52 annualized dividend and a yield of 0.88%. Marriott International’s dividend payout ratio (DPR) is presently 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.