Larson Financial Group LLC Grows Stock Position in Marriott International, Inc. (NASDAQ:MAR)

Larson Financial Group LLC raised its holdings in Marriott International, Inc. (NASDAQ:MAR) by 10.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 379 shares of the company’s stock after acquiring an additional 37 shares during the quarter. Larson Financial Group LLC’s holdings in Marriott International were worth $94,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of MAR. Bangor Savings Bank increased its holdings in shares of Marriott International by 131.1% in the second quarter. Bangor Savings Bank now owns 104 shares of the company’s stock valued at $25,000 after purchasing an additional 59 shares during the period. Hantz Financial Services Inc. acquired a new stake in Marriott International during the second quarter worth about $26,000. MFA Wealth Advisors LLC acquired a new stake in Marriott International during the second quarter worth about $28,000. Silvant Capital Management LLC acquired a new stake in Marriott International during the third quarter worth about $31,000. Finally, Darwin Wealth Management LLC acquired a new stake in Marriott International during the third quarter worth about $33,000. 70.70% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Marriott International news, CAO Felitia Lee sold 916 shares of Marriott International stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $276.48, for a total value of $253,255.68. Following the sale, the chief accounting officer now owns 5,609 shares in the company, valued at $1,550,776.32. The trade was a 14.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kathleen K. Oberg sold 2,360 shares of Marriott International stock in a transaction on Monday, November 11th. The shares were sold at an average price of $285.41, for a total value of $673,567.60. Following the completion of the sale, the chief financial officer now owns 39,726 shares in the company, valued at $11,338,197.66. This represents a 5.61 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,815 shares of company stock worth $3,919,739. 12.32% of the stock is owned by corporate insiders.

Marriott International Stock Performance

Shares of Marriott International stock opened at $285.60 on Friday. Marriott International, Inc. has a one year low of $200.94 and a one year high of $289.80. The company has a market cap of $79.37 billion, a price-to-earnings ratio of 29.87, a PEG ratio of 5.67 and a beta of 1.58. The business’s 50 day moving average price is $265.80 and its 200 day moving average price is $244.71.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.27 billion. During the same quarter in the previous year, the business posted $2.11 EPS. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, analysts predict that Marriott International, Inc. will post 9.26 EPS for the current fiscal year.

Marriott International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors 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 yield of 0.88%. Marriott International’s payout ratio is 26.36%.

Analyst Ratings Changes

Several analysts recently commented on MAR shares. BMO Capital Markets raised their target price on Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating 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 report on Tuesday, November 5th. Macquarie reaffirmed a “neutral” rating and set a $245.00 target price on shares of Marriott International in a report on Tuesday, November 5th. Morgan Stanley dropped their price objective on Marriott International from $268.00 to $250.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. Finally, Robert W. Baird raised their price objective on Marriott International from $258.00 to $264.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Fourteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $260.20.

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.