Marriott International, Inc. $MAR Shares Bought by Kestra Advisory Services LLC

Kestra Advisory Services LLC increased its position in Marriott International, Inc. (NASDAQ:MAR) by 5.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,573 shares of the company’s stock after acquiring an additional 1,255 shares during the quarter. Kestra Advisory Services LLC’s holdings in Marriott International were worth $8,384,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Kintegral Advisory LLC grew its position in Marriott International by 0.6% during the third quarter. Kintegral Advisory LLC now owns 4,731 shares of the company’s stock worth $1,683,000 after buying an additional 26 shares in the last quarter. Evergreen Capital Management LLC lifted its position in shares of Marriott International by 0.5% in the 3rd quarter. Evergreen Capital Management LLC now owns 5,366 shares of the company’s stock worth $1,909,000 after acquiring an additional 26 shares during the period. World Equity Group Inc. lifted its position in shares of Marriott International by 2.0% in the 2nd quarter. World Equity Group Inc. now owns 1,437 shares of the company’s stock worth $533,000 after acquiring an additional 28 shares during the period. Founders Financial Securities LLC grew its holdings in shares of Marriott International by 0.8% during the 3rd quarter. Founders Financial Securities LLC now owns 3,493 shares of the company’s stock worth $1,242,000 after purchasing an additional 28 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in shares of Marriott International by 1.2% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,472 shares of the company’s stock worth $808,000 after purchasing an additional 30 shares in the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.

Wall Street Analyst Weigh In

MAR has been the topic of several recent research reports. China Intl Cap upgraded shares of Marriott International to a “strong-buy” rating in a research report on Wednesday, August 12th. Mizuho cut their price target on shares of Marriott International from $384.00 to $374.00 and set a “neutral” rating for the company in a research note on Tuesday, August 4th. Truist Financial lifted their price objective on Marriott International from $356.00 to $360.00 and gave the company a “hold” rating in a report on Thursday, September 10th. Argus lowered their price objective on Marriott International from $445.00 to $425.00 and set a “buy” rating on the stock in a research note on Friday, August 14th. Finally, BMO Capital Markets dropped their target price on Marriott International from $410.00 to $395.00 and set an “outperform” rating for the company in a report on Tuesday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $399.04.

Marriott International Stock Up 2.7%

Shares of Marriott International stock opened at $428.26 on Wednesday. Marriott International, Inc. has a 12 month low of $280.99 and a 12 month high of $433.30. The business has a fifty day simple moving average of $369.34 and a 200 day simple moving average of $359.16. The stock has a market cap of $110.28 billion, a PE ratio of 36.24, a price-to-earnings-growth ratio of 3.08 and a beta of 1.15.

Marriott International (NASDAQ:MAR) last issued its earnings results on Monday, November 2nd. The company reported $3.02 EPS for the quarter, beating the consensus estimate of $2.84 by $0.18. The firm had revenue of $7 billion during the quarter, compared to the consensus estimate of $6.93 billion. Marriott International had a net margin of 9.68% and a negative return on equity of 69.94%. The business’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.47 earnings per share. Analysts expect that Marriott International, Inc. will post 12.10 EPS for the current fiscal year.

Marriott International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Thursday, November 19th will be paid a $0.73 dividend. This represents a $2.92 annualized dividend and a yield of 0.7%. The ex-dividend date is Thursday, November 19th. Marriott International’s payout ratio is presently 29.14%.

Marriott International News Roundup

Here are the key news stories impacting Marriott International this week:

• Positive Sentiment: Marriott’s reported $4.8 billion cash-return plan could make its shareholder payout more substantial than its roughly 0.7% dividend yield alone suggests. The article also flags a balance-sheet factor that may affect how sustainable the plan is. Marriott’s Dividend Yields 0.7%. Its $4.8 Billion Cash Return Plan Changes the Math
• Positive Sentiment: One report says an analyst raised Marriott’s price target to $450, indicating potential upside in that analyst’s view. Marriott International Price Target Raised to $450
• Neutral Sentiment: Analyst views are mixed: a separate report cites a consensus target of $399.04. The supplied short-interest report is internally inconsistent, claiming a significant increase while also reporting zero shares, so it offers no reliable directional signal. Marriott Consensus Price Target
• Negative Sentiment: Two reports say Marriott executives sold shares, in transactions valued at approximately $1.06 million and $2.10 million. Insider sales can weigh on sentiment, though the reports do not establish the reasons for the sales. EVP Sells $1,058,300 in Stock EVP Sells $2,103,477 in Stock

Insider Transactions at Marriott International

In related news, insider Deborah Harrison sold 3,500 shares of the business’s stock in a transaction on Friday, September 25th. The shares were sold at an average price of $352.09, for a total transaction of $1,232,315.00. Following the transaction, the insider directly owned 282,383 shares in the company, valued at approximately $99,424,230.47. The trade was a 1.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David Marriott sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, September 25th. The stock was sold at an average price of $352.09, for a total value of $1,232,315.00. Following the transaction, the insider directly owned 282,383 shares in the company, valued at approximately $99,424,230.47. This trade represents a 1.22% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 77,824 shares of company stock worth $32,243,110. 11.43% of the stock is owned by insiders.

About Marriott International

Marriott International is a global lodging company that manages, franchises, and licenses hotels, resorts, and other accommodations. Its portfolio spans luxury, premium, select-service, and extended-stay brands, including The Ritz-Carlton, St. Regis, W Hotels, Marriott, Sheraton, Courtyard, Residence Inn, and Moxy. The company traces its origins to a root beer stand opened by J. Willard and Alice Marriott in Washington, D.C., in 1927. It entered the lodging business in the 1950s and is headquartered in Bethesda, Maryland.