Fisher Asset Management LLC Sells 391 Shares of Marriott International, Inc. (NASDAQ:MAR)

Fisher Asset Management LLC trimmed its position in Marriott International, Inc. (NASDAQ:MAR) by 5.2% in the third quarter, Holdings Channel.com reports. The firm owned 7,092 shares of the company’s stock after selling 391 shares during the period. Fisher Asset Management LLC’s holdings in Marriott International were worth $1,763,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bangor Savings Bank raised its stake in shares of Marriott International by 131.1% during the second quarter. Bangor Savings Bank now owns 104 shares of the company’s stock worth $25,000 after buying an additional 59 shares during the last quarter. Hantz Financial Services Inc. acquired a new position in shares of Marriott International in the 2nd quarter valued at $26,000. MFA Wealth Advisors LLC bought a new position in shares of Marriott International in the 2nd quarter worth $28,000. Silvant Capital Management LLC acquired a new stake in shares of Marriott International during the third quarter worth $31,000. Finally, Darwin Wealth Management LLC acquired a new position in Marriott International in the third quarter valued at about $33,000. 70.70% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on MAR. Wells Fargo & Company boosted their target price on Marriott International from $238.00 to $261.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 22nd. Sanford C. Bernstein increased their target price on shares of Marriott International from $262.00 to $290.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Barclays boosted 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. BMO Capital Markets raised 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. Finally, Macquarie reissued a “neutral” rating and issued a $245.00 target price on shares of Marriott International in a research note on Tuesday, November 5th. Fourteen analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $260.20.

Marriott International Stock Performance

MAR opened at $289.09 on Friday. The business’s 50-day simple moving average is $266.70 and its 200 day simple moving average is $245.07. Marriott International, Inc. has a 52-week low of $200.94 and a 52-week high of $290.43. The firm has a market capitalization of $80.34 billion, a PE ratio of 30.24, a PEG ratio of 5.62 and a beta of 1.58.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing the consensus estimate of $2.31 by ($0.05). Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The company had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.27 billion. During the same period in the previous year, the company posted $2.11 EPS. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, research analysts forecast that Marriott International, Inc. will post 9.26 earnings per share for the current year.

Marriott International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Thursday, November 21st will be paid a $0.63 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.52 annualized dividend and a yield of 0.87%. Marriott International’s dividend payout ratio (DPR) is currently 26.36%.

Insiders Place Their Bets

In other Marriott International news, EVP Benjamin T. Breland sold 500 shares of Marriott International stock in a transaction on 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 transaction, the executive vice president now directly owns 12,286 shares of the company’s stock, valued at $3,372,384.14. The trade was a 3.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider William P. Brown sold 1,707 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $284.30, for a total transaction of $485,300.10. Following the completion of the transaction, the insider now directly owns 23,077 shares in the company, valued at $6,560,791.10. The trade was a 6.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,815 shares of company stock valued at $3,919,739 over the last 90 days. 12.32% of the stock is currently owned by insiders.

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.