Ashton Thomas Securities LLC Takes $97,000 Position in Marriott International, Inc. (NASDAQ:MAR)

Ashton Thomas Securities LLC acquired a new position in shares of Marriott International, Inc. (NASDAQ:MAR) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 392 shares of the company’s stock, valued at approximately $97,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MAR. Bangor Savings Bank lifted its stake in shares of Marriott International by 131.1% in the 2nd quarter. Bangor Savings Bank now owns 104 shares of the company’s stock valued at $25,000 after acquiring an additional 59 shares during the last quarter. Hantz Financial Services Inc. bought a new position in Marriott International in the second quarter valued at about $26,000. MFA Wealth Advisors LLC bought a new stake in shares of Marriott International during the second quarter worth about $28,000. Silvant Capital Management LLC bought a new position in Marriott International in the 3rd quarter valued at approximately $31,000. Finally, Unique Wealth Strategies LLC bought a new stake in Marriott International during the 2nd quarter worth approximately $35,000. Institutional investors own 70.70% of the company’s stock.

Marriott International Trading Up 0.0 %

NASDAQ MAR opened at $286.02 on Wednesday. The company has a fifty day simple moving average of $252.26 and a 200 day simple moving average of $240.54. Marriott International, Inc. has a 12-month low of $196.24 and a 12-month high of $287.00. The company has a market cap of $79.48 billion, a P/E ratio of 29.91, a PEG ratio of 6.15 and a beta of 1.58.

Marriott International (NASDAQ:MAR) last posted its earnings results on Monday, November 4th. The company reported $2.26 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 the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the firm earned $2.11 earnings per share. Sell-side analysts predict that Marriott International, Inc. will post 9.27 EPS for the current year.

Marriott International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders 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 0.88%. The ex-dividend date of this dividend is Thursday, November 21st. Marriott International’s dividend payout ratio is 26.36%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on MAR. Morgan Stanley cut their price target on shares of Marriott International from $268.00 to $250.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. Mizuho increased their price target on Marriott International from $233.00 to $246.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Sanford C. Bernstein upped their target price on Marriott International from $262.00 to $290.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Marriott International from $222.00 to $216.00 and set a “hold” rating on the stock in a research report on Thursday, August 1st. Finally, BMO Capital Markets increased their price objective on shares of Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 5th. Thirteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $259.00.

Insider Transactions at Marriott International

In other Marriott International news, CAO Felitia Lee sold 916 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $276.48, for a total value of $253,255.68. Following the completion of the sale, the chief accounting officer now owns 5,609 shares in the company, valued at approximately $1,550,776.32. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CAO Felitia Lee sold 916 shares of the stock in a transaction dated 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 transaction, the chief accounting officer now owns 5,609 shares in the company, valued at approximately $1,550,776.32. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Benjamin T. Breland sold 500 shares of the business’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 completion of the transaction, the executive vice president now owns 12,286 shares in the company, valued at approximately $3,372,384.14. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 12.32% of the company’s stock.

About Marriott International

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.