Avestar Capital LLC Sells 91 Shares of Marriott International, Inc. (NASDAQ:MAR)

Avestar Capital LLC trimmed its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 6.5% in the third quarter, Holdings Channel.com reports. The firm owned 1,317 shares of the company’s stock after selling 91 shares during the quarter. Avestar Capital LLC’s holdings in Marriott International were worth $327,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Bangor Savings Bank boosted its position in Marriott International by 131.1% during 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 position in Marriott International during the 2nd quarter worth approximately $26,000. MFA Wealth Advisors LLC acquired a new position in Marriott International during the 2nd quarter worth approximately $28,000. Silvant Capital Management LLC acquired a new position in Marriott International during the 3rd quarter worth approximately $31,000. Finally, Darwin Wealth Management LLC acquired a new position in Marriott International during the 3rd quarter worth approximately $33,000. 70.70% of the stock is owned by institutional investors.

Marriott International Stock Performance

Shares of NASDAQ MAR opened at $285.60 on Thursday. Marriott International, Inc. has a 52 week low of $200.94 and a 52 week high of $289.80. The stock has a market capitalization of $79.37 billion, a P/E ratio of 29.87, a PEG ratio of 5.67 and a beta of 1.58. The stock’s fifty day moving average is $264.98 and its 200 day moving average is $244.43.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data 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). The business had revenue of $6.26 billion during the quarter, compared to analyst estimates 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 last year, the business earned $2.11 earnings per share. Equities research analysts forecast 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. Investors of record on Thursday, November 21st will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 0.88%. The ex-dividend date is Thursday, November 21st. Marriott International’s dividend payout ratio (DPR) is presently 26.36%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Macquarie reaffirmed a “neutral” rating and set a $245.00 price target on shares of Marriott International in a research report on Tuesday, November 5th. Sanford C. Bernstein increased their price objective on Marriott International from $262.00 to $290.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Robert W. Baird increased 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. Truist Financial cut their price objective on Marriott International from $263.00 to $254.00 and set a “hold” rating for the company in a report on Tuesday, August 6th. Finally, BMO Capital Markets raised their price target on Marriott International from $255.00 to $265.00 and gave the company a “market perform” rating in a report on Tuesday, November 5th. Fourteen research 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 presently has an average rating of “Hold” and an average target price of $260.20.

Insider Activity

In other news, CEO Anthony Capuano sold 8,332 shares of Marriott International stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $284.49, for a total transaction of $2,370,370.68. Following the sale, the chief executive officer now directly owns 108,361 shares of the company’s stock, valued at approximately $30,827,620.89. This trade represents a 7.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider William P. Brown sold 1,707 shares of Marriott International stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $284.30, for a total value of $485,300.10. Following the sale, the insider now directly owns 23,077 shares in the company, valued at $6,560,791.10. The trade was a 6.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,815 shares of company stock valued at $3,919,739. 10.07% of the stock is currently owned by corporate insiders.

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.