Marriott International, Inc. (NASDAQ:MAR) Shares Sold by ING Groep NV

ING Groep NV decreased its stake in Marriott International, Inc. (NASDAQ:MAR) by 64.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 50,904 shares of the company’s stock after selling 90,383 shares during the period. ING Groep NV’s holdings in Marriott International were worth $12,655,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in shares of Marriott International by 1.8% in the first quarter. JPMorgan Chase & Co. now owns 10,616,899 shares of the company’s stock valued at $2,678,750,000 after purchasing an additional 192,652 shares during the period. Capital International Investors increased its position in Marriott International by 4.7% in the 1st quarter. Capital International Investors now owns 3,296,879 shares of the company’s stock valued at $831,836,000 after acquiring an additional 149,378 shares during the period. National Pension Service raised its stake in Marriott International by 11.6% during the 3rd quarter. National Pension Service now owns 719,613 shares of the company’s stock valued at $178,896,000 after acquiring an additional 74,832 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Marriott International by 5.1% during the second quarter. Dimensional Fund Advisors LP now owns 679,757 shares of the company’s stock valued at $164,355,000 after purchasing an additional 33,149 shares during the period. Finally, First Pacific Advisors LP lifted its holdings in Marriott International by 2.1% in the second quarter. First Pacific Advisors LP now owns 613,205 shares of the company’s stock worth $148,255,000 after purchasing an additional 12,499 shares during the period. 70.70% of the stock is currently owned by institutional investors.

Marriott International Stock Performance

MAR stock opened at $282.02 on Friday. The stock has a market cap of $78.37 billion, a P/E ratio of 29.50, a P/E/G ratio of 5.63 and a beta of 1.58. The firm has a 50 day simple moving average of $254.51 and a 200 day simple moving average of $241.18. Marriott International, Inc. has a 52 week low of $200.94 and a 52 week high of $289.04.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data 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). Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The firm had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.27 billion. During the same quarter in the prior year, the business posted $2.11 earnings per share. Marriott International’s revenue was up 5.5% on a year-over-year basis. Sell-side analysts predict that Marriott International, Inc. will post 9.26 EPS for the current year.

Marriott International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, November 21st will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date is Thursday, November 21st. Marriott International’s dividend payout ratio (DPR) is presently 26.36%.

Insider Transactions at Marriott International

In other news, EVP Benjamin T. Breland sold 500 shares of Marriott International stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $274.49, for a total value of $137,245.00. Following the transaction, 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 document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Felitia Lee sold 916 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were 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 owns 5,609 shares in the company, valued at $1,550,776.32. The trade was a 14.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,108 shares of company stock worth $3,434,439 in the last 90 days. 12.32% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms recently commented on MAR. Sanford C. Bernstein raised their price objective on shares of Marriott International from $262.00 to $290.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. BMO Capital Markets boosted their price objective 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. Deutsche Bank Aktiengesellschaft decreased their target price on Marriott International from $222.00 to $216.00 and set a “hold” rating for the company in a research note on Thursday, August 1st. Barclays upped their price target on shares of Marriott International from $240.00 to $249.00 and gave the company an “equal weight” rating in a report on Tuesday, November 5th. Finally, Wells Fargo & Company lifted their price objective on shares of Marriott International from $238.00 to $261.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 22nd. Thirteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $259.00.

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.