Marriott International, Inc. (NASDAQ:MAR) Shares Purchased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. grew its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 12.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,122 shares of the company’s stock after purchasing an additional 235 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Marriott International were worth $528,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bangor Savings Bank increased its position in shares of Marriott International by 131.1% during the second quarter. Bangor Savings Bank now owns 104 shares of the company’s stock worth $25,000 after acquiring an additional 59 shares during the period. Hantz Financial Services Inc. purchased a new stake in Marriott International during the 2nd quarter worth about $26,000. MFA Wealth Advisors LLC purchased a new position in shares of Marriott International in the 2nd quarter valued at about $28,000. Silvant Capital Management LLC purchased a new stake in shares of Marriott International during the third quarter worth approximately $31,000. Finally, Unique Wealth Strategies LLC acquired a new stake in Marriott International in the second quarter valued at approximately $35,000. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Felitia Lee sold 916 shares of Marriott International 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 sale, the chief accounting officer now directly owns 5,609 shares in the company, valued at approximately $1,550,776.32. This trade represents a 14.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Benjamin T. Breland sold 500 shares of the company’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 sale, the executive vice president now owns 12,286 shares in the company, valued at approximately $3,372,384.14. This represents a 3.91 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,108 shares of company stock worth $3,434,439. 10.07% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

MAR has been the topic of a number of recent analyst reports. Barclays increased their price objective on shares of Marriott International from $240.00 to $249.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft dropped their target price on Marriott International from $222.00 to $216.00 and set a “hold” rating on the stock in a report on Thursday, August 1st. Morgan Stanley lowered their price objective on Marriott International from $268.00 to $250.00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. Macquarie reissued a “neutral” rating and set a $245.00 target price on shares of Marriott International in a research report on Tuesday, November 5th. Finally, The Goldman Sachs Group assumed coverage on Marriott International in a report on Wednesday, September 18th. They issued a “buy” rating and a $267.00 price target for the company. Thirteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $259.00.

Marriott International Price Performance

Shares of NASDAQ MAR opened at $279.27 on Wednesday. The company has a market cap of $77.61 billion, a PE ratio of 29.21, a P/E/G ratio of 5.48 and a beta of 1.58. The stock has a fifty day moving average price of $258.72 and a 200 day moving average price of $242.46. Marriott International, Inc. has a 1-year low of $200.94 and a 1-year high of $289.04.

Marriott International (NASDAQ:MAR) last issued 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). The firm had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.27 billion. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The company’s 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. Analysts anticipate that Marriott International, Inc. will post 9.26 earnings per share 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. Investors of record on Thursday, November 21st will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date is Thursday, November 21st. Marriott International’s dividend payout ratio 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.