Private Advisor Group LLC Sells 761 Shares of Marriott International, Inc. (NASDAQ:MAR)

Private Advisor Group LLC reduced its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 3.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,385 shares of the company’s stock after selling 761 shares during the period. Private Advisor Group LLC’s holdings in Marriott International were worth $5,068,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MAR. BDF Gestion acquired a new position in Marriott International during the 2nd quarter valued at $3,013,000. CWM LLC raised its stake in Marriott International by 518.7% during the 2nd quarter. CWM LLC now owns 47,519 shares of the company’s stock valued at $11,489,000 after purchasing an additional 39,839 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in Marriott International during the 2nd quarter valued at $3,844,000. Wealth Enhancement Advisory Services LLC raised its stake in Marriott International by 1.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 39,751 shares of the company’s stock valued at $9,611,000 after purchasing an additional 753 shares during the last quarter. Finally, Concord Investment Counsel Inc. acquired a new position in Marriott International during the 1st quarter valued at $5,879,000. 70.70% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Evercore ISI increased their price objective on shares of Marriott International from $245.00 to $270.00 and gave the company an “in-line” rating in a research note on Monday, October 21st. Bank of America increased their price objective 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. JPMorgan Chase & Co. increased their price objective on shares of Marriott International from $235.00 to $255.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Macquarie restated a “neutral” rating and issued a $245.00 price objective on shares of Marriott International in a research note on Friday, August 2nd. Finally, Robert W. Baird set a $258.00 price objective on shares of Marriott International in a research note on Thursday, October 17th. Thirteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $256.39.

Marriott International Stock Up 0.6 %

Shares of NASDAQ:MAR opened at $262.12 on Friday. Marriott International, Inc. has a 12 month low of $180.75 and a 12 month high of $266.58. The company’s 50-day moving average price is $243.35 and its two-hundred day moving average price is $238.86. The firm has a market cap of $74.87 billion, a P/E ratio of 27.05, a P/E/G ratio of 6.36 and a beta of 1.59.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.49 by $0.01. Marriott International had a net margin of 12.01% and a negative return on equity of 239.60%. The firm had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6.47 billion. During the same quarter in the prior year, the firm earned $2.26 EPS. The company’s revenue was up 6.0% on a year-over-year basis. As a group, equities analysts predict that Marriott International, Inc. will post 9.37 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, August 16th were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 0.96%. The ex-dividend date was Friday, August 16th. Marriott International’s dividend payout ratio (DPR) is presently 26.01%.

Marriott International 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.