Savvy Advisors Inc. Has $556,000 Stock Position in Marriott International, Inc. (NASDAQ:MAR)

Savvy Advisors Inc. lifted its position in Marriott International, Inc. (NASDAQ:MAR) by 3.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,236 shares of the company’s stock after buying an additional 81 shares during the quarter. Savvy Advisors Inc.’s holdings in Marriott International were worth $556,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Proactive Wealth Strategies LLC acquired a new stake in shares of Marriott International in the third quarter valued at approximately $596,000. Rakuten Securities Inc. lifted its position in Marriott International by 36.7% during the third quarter. Rakuten Securities Inc. now owns 387 shares of the company’s stock worth $96,000 after acquiring an additional 104 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Marriott International by 0.5% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 566,548 shares of the company’s stock valued at $140,844,000 after purchasing an additional 2,723 shares during the last quarter. Patron Partners LLC increased its stake in shares of Marriott International by 18.6% during the third quarter. Patron Partners LLC now owns 3,562 shares of the company’s stock worth $886,000 after purchasing an additional 558 shares during the period. Finally, Venturi Wealth Management LLC lifted its holdings in Marriott International by 37.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 275 shares of the company’s stock worth $68,000 after purchasing an additional 75 shares during the last quarter. 70.70% of the stock is owned by institutional investors.

Marriott International Price Performance

Shares of NASDAQ:MAR opened at $286.02 on Wednesday. The firm has a 50 day simple moving average of $252.26 and a 200 day simple moving average of $240.54. The company has a market cap of $79.48 billion, a price-to-earnings ratio of 29.92, a PEG ratio of 6.27 and a beta of 1.58. Marriott International, Inc. has a one year low of $196.24 and a one year high of $287.00.

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 firm had revenue of $6.26 billion for 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 revenue was up 5.5% compared to the same quarter last year. During the same period last year, the business earned $2.11 EPS. As a group, analysts expect that Marriott International, Inc. will post 9.26 EPS 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 issued a $0.63 dividend. 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 dividend payout ratio (DPR) is presently 26.36%.

Insiders Place Their Bets

In other news, CAO Felitia Lee sold 916 shares of the firm’s stock in a transaction 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 transaction, the chief accounting officer now owns 5,609 shares of the company’s stock, valued at approximately $1,550,776.32. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CAO Felitia Lee sold 916 shares of the stock in a transaction dated Thursday, November 7th. The stock was 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 of the company’s stock, valued at approximately $1,550,776.32. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Benjamin T. Breland sold 500 shares of Marriott International 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 transaction, the executive vice president now directly owns 12,286 shares in the company, valued at approximately $3,372,384.14. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 10.07% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. The Goldman Sachs Group started coverage on Marriott International in a research report on Wednesday, September 18th. They set a “buy” rating and a $267.00 price objective on the stock. Evercore ISI boosted their price objective on shares of Marriott International from $245.00 to $270.00 and gave the company an “in-line” rating in a report on Monday, October 21st. Bank of America lifted their price target on shares of Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, October 21st. JPMorgan Chase & Co. raised their price objective on Marriott International from $235.00 to $255.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. Finally, Wells Fargo & Company upped their target price on Marriott International from $238.00 to $261.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 22nd. Thirteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $259.00.

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.