Private Trust Co. NA Purchases 113 Shares of Marriott International, Inc. (NASDAQ:MAR)

Private Trust Co. NA raised its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 3.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 3,008 shares of the company’s stock after acquiring an additional 113 shares during the period. Private Trust Co. NA’s holdings in Marriott International were worth $748,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Quent Capital LLC raised its position in Marriott International by 7.9% in the 1st quarter. Quent Capital LLC now owns 644 shares of the company’s stock worth $162,000 after purchasing an additional 47 shares during the last quarter. SVB Wealth LLC boosted its holdings in Marriott International by 2.8% in the first quarter. SVB Wealth LLC now owns 1,891 shares of the company’s stock valued at $477,000 after acquiring an additional 52 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in Marriott International by 1.4% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 13,396 shares of the company’s stock worth $3,380,000 after purchasing an additional 186 shares during the last quarter. Hancock Whitney Corp boosted its stake in shares of Marriott International by 4.8% in the 1st quarter. Hancock Whitney Corp now owns 2,494 shares of the company’s stock valued at $629,000 after purchasing an additional 114 shares during the last quarter. Finally, New Covenant Trust Company N.A. acquired a new stake in shares of Marriott International during the 1st quarter worth approximately $44,000. 70.70% of the stock is owned by institutional investors and hedge funds.

Marriott International Stock Up 0.1 %

Shares of Marriott International stock opened at $288.18 on Wednesday. Marriott International, Inc. has a 12-month low of $200.94 and a 12-month high of $289.80. The business’s 50 day moving average is $264.04 and its 200-day moving average is $244.14. The stock has a market cap of $80.08 billion, a P/E ratio of 30.14, a P/E/G ratio of 5.67 and a beta of 1.58.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). The firm had revenue of $6.26 billion during the quarter, compared to the consensus estimate 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 revenue was up 5.5% on a year-over-year basis. During the same period last year, the business earned $2.11 EPS. On average, sell-side analysts expect that Marriott International, Inc. will post 9.26 EPS for the current year.

Marriott International Dividend Announcement

The business 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 $0.63 dividend. The ex-dividend date is Thursday, November 21st. This represents a $2.52 annualized dividend and a dividend yield of 0.87%. Marriott International’s dividend payout ratio is currently 26.36%.

Insider Activity

In other news, 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 value 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 approximately $3,372,384.14. The trade was a 3.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Felitia Lee sold 916 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $276.48, for a total transaction of $253,255.68. Following the transaction, the chief accounting officer now directly owns 5,609 shares in the company, valued at approximately $1,550,776.32. This represents a 14.04 % 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 ninety days. 10.07% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have commented on MAR shares. Evercore ISI lifted their target price on shares of Marriott International from $245.00 to $270.00 and gave the stock an “in-line” rating in a report on Monday, October 21st. Barclays increased their target price on Marriott International from $240.00 to $249.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 5th. UBS Group decreased their target price on Marriott International from $267.00 to $244.00 and set a “neutral” rating for the company in a research report on Tuesday, August 13th. Mizuho increased their price target on shares of Marriott International from $233.00 to $246.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Finally, Bank of America upped their target price on shares of Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Fourteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $260.20.

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.