Marriott International, Inc. (NASDAQ:MAR) Shares Acquired by Townsquare Capital LLC

Townsquare Capital LLC increased its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 22.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,393 shares of the company’s stock after purchasing an additional 1,349 shares during the period. Townsquare Capital LLC’s holdings in Marriott International were worth $1,838,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Larson Financial Group LLC raised its position in shares of Marriott International by 10.8% in the third quarter. Larson Financial Group LLC now owns 379 shares of the company’s stock valued at $94,000 after buying an additional 37 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in shares of Marriott International by 0.4% during the third quarter. Harbor Capital Advisors Inc. now owns 8,698 shares of the company’s stock worth $2,162,000 after purchasing an additional 38 shares during the last quarter. Haverford Trust Co increased its stake in Marriott International by 1.0% in the third quarter. Haverford Trust Co now owns 4,207 shares of the company’s stock valued at $1,046,000 after purchasing an additional 40 shares during the last quarter. Rockland Trust Co. lifted its position in Marriott International by 2.3% during the second quarter. Rockland Trust Co. now owns 1,802 shares of the company’s stock worth $436,000 after buying an additional 41 shares during the period. Finally, Park Avenue Securities LLC boosted its stake in Marriott International by 1.4% in the 2nd quarter. Park Avenue Securities LLC now owns 3,298 shares of the company’s stock worth $797,000 after buying an additional 46 shares during the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.

Insider Transactions at Marriott International

In related 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 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 represents a 3.91 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 completion of the transaction, the chief accounting officer now directly owns 5,609 shares in the company, valued at $1,550,776.32. This represents a 14.04 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,815 shares of company stock worth $3,919,739. 12.32% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

MAR has been the topic of several recent analyst reports. UBS Group cut their price objective on shares of Marriott International from $267.00 to $244.00 and set a “neutral” rating on the stock in a report on Tuesday, August 13th. Wells Fargo & Company lifted their price target on shares of Marriott International from $238.00 to $261.00 and gave the company an “equal weight” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group assumed coverage on Marriott International in a research report on Wednesday, September 18th. They issued a “buy” rating and a $267.00 target price on the stock. BMO Capital Markets upped their price target on Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 5th. Finally, Robert W. Baird boosted their target price on Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Fourteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $260.20.

Marriott International Stock Performance

Shares of MAR opened at $289.09 on Monday. Marriott International, Inc. has a one year low of $200.94 and a one year high of $290.43. The stock has a 50-day moving average price of $266.70 and a 200 day moving average price of $245.20. The company has a market capitalization of $80.34 billion, a P/E ratio of 30.24, a P/E/G ratio of 5.69 and a beta of 1.58.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Monday, November 4th. The company reported $2.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.31 by ($0.05). The company had revenue of $6.26 billion during 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% on a year-over-year basis. During the same period in the prior year, the company earned $2.11 earnings per share. As a group, equities research analysts forecast that Marriott International, Inc. will post 9.26 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The company also recently announced 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 0.87%. The ex-dividend date is Thursday, November 21st. Marriott International’s dividend payout ratio is presently 26.36%.

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.