Marriott International, Inc. (NASDAQ:MAR) Shares Sold by Fiduciary Trust Co

Fiduciary Trust Co cut its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 8.6% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 11,358 shares of the company’s stock after selling 1,070 shares during the period. Fiduciary Trust Co’s holdings in Marriott International were worth $2,824,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bangor Savings Bank increased its holdings 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 purchasing an additional 59 shares during the last quarter. Hantz Financial Services Inc. bought a new stake in shares of Marriott International in the 2nd quarter valued at approximately $26,000. MFA Wealth Advisors LLC bought a new stake in shares of Marriott International in the 2nd quarter valued at approximately $28,000. Silvant Capital Management LLC bought a new stake in shares of Marriott International in the 3rd quarter valued at approximately $31,000. Finally, Darwin Wealth Management LLC bought a new stake in shares of Marriott International in the 3rd quarter valued at approximately $33,000. 70.70% of the stock is owned by institutional investors and hedge funds.

Marriott International Stock Down 0.9 %

Shares of Marriott International stock opened at $285.60 on Friday. The firm has a market cap of $79.37 billion, a price-to-earnings ratio of 29.87, a price-to-earnings-growth ratio of 5.62 and a beta of 1.58. The business has a fifty day simple moving average of $265.80 and a 200-day simple moving average of $244.71. Marriott International, Inc. has a fifty-two week low of $200.94 and a fifty-two week high of $289.80.

Marriott International (NASDAQ:MAR) last announced 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 firm 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 company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.11 EPS. Analysts anticipate that Marriott International, Inc. will post 9.26 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Thursday, November 21st. Marriott International’s dividend payout ratio (DPR) is presently 26.36%.

Insider Transactions at Marriott International

In other Marriott International news, insider William P. Brown sold 1,707 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $284.30, for a total value of $485,300.10. Following the transaction, the insider now directly owns 23,077 shares of the company’s stock, valued at $6,560,791.10. This represents a 6.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Benjamin T. Breland sold 500 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 12,286 shares in the company, valued at approximately $3,372,384.14. The trade was a 3.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,815 shares of company stock valued at $3,919,739 over the last three months. Company insiders own 12.32% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on MAR. Sanford C. Bernstein boosted their price target on Marriott International from $262.00 to $290.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Wells Fargo & Company boosted their price target on Marriott International from $238.00 to $261.00 and gave the company an “equal weight” rating in a report on Tuesday, October 22nd. BMO Capital Markets upped their price objective on Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 5th. Macquarie restated a “neutral” rating and set a $245.00 price objective on shares of Marriott International in a research note on Tuesday, November 5th. Finally, Mizuho upped their price objective on Marriott International from $233.00 to $246.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Fourteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price 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.