J. W. Coons Advisors LLC Lowers Stock Position in Marriott International, Inc. (NASDAQ:MAR)

J. W. Coons Advisors LLC reduced its holdings in Marriott International, Inc. (NASDAQ:MAR) by 3.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,372 shares of the company’s stock after selling 200 shares during the quarter. J. W. Coons Advisors LLC’s holdings in Marriott International were worth $1,335,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MAR. Bangor Savings Bank grew its stake in shares of Marriott International by 131.1% during the 2nd quarter. Bangor Savings Bank now owns 104 shares of the company’s stock worth $25,000 after purchasing an additional 59 shares during the period. Hantz Financial Services Inc. acquired a new position in Marriott International during the second quarter worth about $26,000. MFA Wealth Advisors LLC purchased a new position in Marriott International in the second quarter valued at about $28,000. Silvant Capital Management LLC acquired a new stake in shares of Marriott International during the 3rd quarter valued at approximately $31,000. Finally, Unique Wealth Strategies LLC purchased a new stake in shares of Marriott International during the 2nd quarter worth approximately $35,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Stock Performance

Shares of NASDAQ:MAR opened at $278.78 on Monday. The business’s 50-day simple moving average is $256.59 and its 200 day simple moving average is $241.82. The company has a market cap of $77.47 billion, a P/E ratio of 29.16, a PEG ratio of 5.48 and a beta of 1.58. Marriott International, Inc. has a one year low of $200.94 and a one year high of $289.04.

Marriott International (NASDAQ:MAR) last announced its earnings results 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 analysts’ expectations of $6.27 billion. Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. Marriott International’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the company posted $2.11 earnings per share. Analysts predict that Marriott International, Inc. will post 9.26 earnings per share for the current year.

Marriott International Announces Dividend

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

Analyst Ratings Changes

MAR has been the topic of a number of research analyst reports. Sanford C. Bernstein boosted their target price on Marriott International from $262.00 to $290.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Bank of America raised their price target on Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Deutsche Bank Aktiengesellschaft reduced their price objective on 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 lifted their price objective on Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 5th. Finally, Wells Fargo & Company upped their target price 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. Thirteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $259.00.

Insiders Place Their Bets

In other news, CFO Kathleen K. Oberg sold 2,360 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $285.41, for a total value of $673,567.60. Following the transaction, the chief financial officer now directly owns 39,726 shares in the company, valued at approximately $11,338,197.66. This trade represents a 5.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Anthony Capuano sold 8,332 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $284.49, for a total transaction of $2,370,370.68. Following the completion of the transaction, the chief executive officer now directly owns 108,361 shares in the company, valued at $30,827,620.89. This represents a 7.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,108 shares of company stock valued at $3,434,439 in the last quarter. Insiders own 12.32% of the company’s stock.

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.