Marriott International, Inc. (NASDAQ:MAR) Shares Sold by King Luther Capital Management Corp

King Luther Capital Management Corp lessened its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 3.4% during the 3rd quarter, Holdings Channel reports. The firm owned 4,687 shares of the company’s stock after selling 167 shares during the quarter. King Luther Capital Management Corp’s holdings in Marriott International were worth $1,165,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Bangor Savings Bank lifted 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 period. Hantz Financial Services Inc. acquired a new stake in shares of Marriott International during the second quarter worth about $26,000. MFA Wealth Advisors LLC purchased a new stake in Marriott International in the second quarter valued at approximately $28,000. Silvant Capital Management LLC purchased a new position in Marriott International during the 3rd quarter worth approximately $31,000. Finally, Darwin Wealth Management LLC acquired a new stake in Marriott International during the 3rd quarter valued at approximately $33,000. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Marriott International Trading Up 0.3 %

MAR stock opened at $284.29 on Friday. The business’s 50-day moving average is $261.88 and its 200 day moving average is $243.39. The stock has a market cap of $79.00 billion, a price-to-earnings ratio of 29.74, a PEG ratio of 5.58 and a beta of 1.58. Marriott International, Inc. has a 12-month low of $200.94 and a 12-month high of $289.04.

Marriott International (NASDAQ:MAR) last released its earnings results on Monday, November 4th. The company reported $2.26 earnings per share 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 business had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.27 billion. During the same period last year, the business earned $2.11 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, equities analysts forecast that Marriott International, Inc. will post 9.26 EPS for the current fiscal year.

Marriott International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.52 annualized dividend and a dividend yield of 0.89%. Marriott International’s dividend payout ratio is presently 26.36%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on MAR shares. TD Cowen reduced their target price on shares of Marriott International from $295.00 to $283.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. BMO Capital Markets lifted their price objective on Marriott International from $255.00 to $265.00 and gave the company a “market perform” rating in a research note on Tuesday, November 5th. Wells Fargo & Company raised their target price on Marriott International from $238.00 to $261.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 22nd. Macquarie restated a “neutral” rating and issued a $245.00 price objective on shares of Marriott International in a research report on Tuesday, November 5th. Finally, Mizuho lifted their target price on shares of Marriott International from $233.00 to $246.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Thirteen analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $259.00.

Insider Activity at Marriott International

In other Marriott International news, EVP Benjamin T. Breland sold 500 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total transaction of $137,245.00. Following the completion of the sale, the executive vice president now owns 12,286 shares of the company’s stock, valued at $3,372,384.14. This trade represents a 3.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kathleen K. Oberg sold 2,360 shares of the company’s 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 transaction, the chief financial officer now directly owns 39,726 shares in the company, valued at approximately $11,338,197.66. This trade represents a 5.61 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,108 shares of company stock valued at $3,434,439. 12.32% of the stock is owned by company insiders.

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.