16,447 Shares in Marriott International, Inc. (NASDAQ:MAR) Acquired by CWA Asset Management Group LLC

CWA Asset Management Group LLC bought a new position in Marriott International, Inc. (NASDAQ:MAR) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 16,447 shares of the company’s stock, valued at approximately $4,089,000.

Other large investors have also made changes to their positions in the company. AIA Group Ltd increased its stake in shares of Marriott International by 22.3% in the 3rd quarter. AIA Group Ltd now owns 187,083 shares of the company’s stock worth $46,509,000 after purchasing an additional 34,057 shares in the last quarter. Kornitzer Capital Management Inc. KS increased its position in Marriott International by 4.3% in the third quarter. Kornitzer Capital Management Inc. KS now owns 34,644 shares of the company’s stock worth $8,612,000 after buying an additional 1,415 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Marriott International by 1.7% during the 3rd quarter. Principal Financial Group Inc. now owns 263,638 shares of the company’s stock valued at $65,540,000 after buying an additional 4,301 shares in the last quarter. Bridgewater Advisors Inc. increased its holdings in Marriott International by 145.2% in the 3rd quarter. Bridgewater Advisors Inc. now owns 50,472 shares of the company’s stock worth $13,319,000 after acquiring an additional 29,891 shares in the last quarter. Finally, MinichMacGregor Wealth Management LLC raised its stake in Marriott International by 7.3% during the 3rd quarter. MinichMacGregor Wealth Management LLC now owns 34,401 shares of the company’s stock worth $8,552,000 after acquiring an additional 2,336 shares during the period. 70.70% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Marriott International

In related news, CAO Felitia Lee sold 916 shares of the stock in a transaction that occurred 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 sale, the chief accounting officer now owns 5,609 shares of the company’s stock, valued at $1,550,776.32. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Marriott International news, CAO Felitia Lee sold 916 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $276.48, for a total value of $253,255.68. Following the completion of the sale, the chief accounting officer now directly owns 5,609 shares in the company, valued at approximately $1,550,776.32. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Benjamin T. Breland sold 500 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total value of $137,245.00. Following the sale, the executive vice president now owns 12,286 shares in the company, valued at $3,372,384.14. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 12.32% of the stock is owned by insiders.

Marriott International Stock Performance

Shares of NASDAQ:MAR opened at $280.80 on Friday. The firm has a market cap of $78.03 billion, a PE ratio of 29.37, a price-to-earnings-growth ratio of 6.05 and a beta of 1.58. The firm’s 50 day simple moving average is $251.24 and its 200-day simple moving average is $240.26. Marriott International, Inc. has a one year low of $192.27 and a one year high of $282.80.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Monday, November 4th. The company reported $2.26 earnings per share for the quarter, missing the consensus estimate of $2.31 by ($0.05). The firm had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.27 billion. Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The business’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.11 earnings per share. Equities research analysts predict that Marriott International, Inc. will post 9.27 EPS for the current fiscal year.

Marriott International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Thursday, November 21st will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Thursday, November 21st. Marriott International’s payout ratio is currently 26.36%.

Analyst Upgrades and Downgrades

A number of research firms have commented on MAR. Mizuho raised their price target on Marriott International from $233.00 to $246.00 and gave the company a “neutral” rating in a report on Tuesday. Truist Financial dropped their price target on Marriott International from $263.00 to $254.00 and set a “hold” rating for the company in a research note on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Marriott International from $222.00 to $216.00 and set a “hold” rating on the stock in a research report on Thursday, August 1st. BMO Capital Markets upped their target price on shares of Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a research report on Tuesday. Finally, Barclays lifted 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. Thirteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Marriott International currently has an average rating of “Hold” and a consensus price target of $259.00.

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.