Windward Capital Management Co. CA Lowers Holdings in Marriott International, Inc. (NASDAQ:MAR)

Windward Capital Management Co. CA reduced its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 0.4% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 112,523 shares of the company’s stock after selling 460 shares during the quarter. Marriott International accounts for about 2.1% of Windward Capital Management Co. CA’s investment portfolio, making the stock its 15th biggest holding. Windward Capital Management Co. CA’s holdings in Marriott International were worth $27,973,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Bangor Savings Bank boosted its position in shares of Marriott International by 131.1% during the second quarter. Bangor Savings Bank now owns 104 shares of the company’s stock valued at $25,000 after buying an additional 59 shares during the last quarter. Hantz Financial Services Inc. purchased a new stake in shares of Marriott International during the 2nd quarter valued at about $26,000. MFA Wealth Advisors LLC bought a new stake in shares of Marriott International in the second quarter worth approximately $28,000. Silvant Capital Management LLC bought a new position in Marriott International during the third quarter valued at approximately $31,000. Finally, Unique Wealth Strategies LLC purchased a new stake in Marriott International in the second quarter worth approximately $35,000. 70.70% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Marriott International

In related news, CAO Felitia Lee sold 916 shares of the company’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 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 document filed with the Securities & Exchange Commission, which is available through this link. In other news, CAO Felitia Lee sold 916 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at $1,550,776.32. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Benjamin T. Breland sold 500 shares of the stock in a transaction 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 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 currently owned by insiders.

Marriott International Stock Performance

MAR stock opened at $280.80 on Friday. The company has a market capitalization 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 company’s fifty day moving average price is $251.24 and its 200-day moving average price 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 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 for the quarter, compared to the consensus estimate of $6.27 billion. During the same period last year, the company earned $2.11 EPS. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, research analysts predict that Marriott International, Inc. will post 9.27 EPS for the current fiscal year.

Marriott International Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Evercore ISI increased their price target on Marriott International from $245.00 to $270.00 and gave the company an “in-line” rating in a report on Monday, October 21st. JPMorgan Chase & Co. boosted their price target on Marriott International from $235.00 to $255.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Bank of America increased their price objective on shares of Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Barclays boosted their target price on shares of Marriott International from $240.00 to $249.00 and gave the company an “equal weight” rating in a research report on Tuesday. Finally, Wells Fargo & Company increased their price target on shares of Marriott International from $238.00 to $261.00 and gave the stock an “equal weight” rating in a research 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’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $259.00.

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.