Zions Bancorporation N.A. Has $46,000 Stock Position in Marriott International, Inc. (NASDAQ:MAR)

Zions Bancorporation N.A. decreased its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 21.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 185 shares of the company’s stock after selling 52 shares during the quarter. Zions Bancorporation N.A.’s holdings in Marriott International were worth $46,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. BDF Gestion bought a new position in shares of Marriott International in the 2nd quarter valued at $3,013,000. Jensen Investment Management Inc. acquired a new position in Marriott International during the third quarter worth about $793,000. CWM LLC boosted its stake in shares of Marriott International by 518.7% in the 2nd quarter. CWM LLC now owns 47,519 shares of the company’s stock valued at $11,489,000 after purchasing an additional 39,839 shares in the last quarter. BayBridge Capital Group LLC acquired a new position in Marriott International during the 3rd quarter worth approximately $1,254,000. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in Marriott International by 0.5% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 566,548 shares of the company’s stock valued at $140,844,000 after purchasing an additional 2,723 shares during the last quarter. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Marriott International Stock Down 1.1 %

Shares of NASDAQ MAR opened at $278.78 on Friday. Marriott International, Inc. has a 12-month low of $200.94 and a 12-month high of $289.04. The firm has a market cap of $77.47 billion, a PE ratio of 29.16, a P/E/G ratio of 5.63 and a beta of 1.58. The company’s fifty day simple moving average is $256.59 and its 200 day simple moving average is $241.73.

Marriott International (NASDAQ:MAR) last issued its earnings results 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 firm had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.27 billion. During the same quarter in the prior year, the business earned $2.11 earnings per share. The business’s quarterly revenue was up 5.5% on a year-over-year basis. On average, equities analysts predict that Marriott International, Inc. will post 9.26 earnings per share for the current year.

Marriott International Dividend Announcement

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 issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend is Thursday, November 21st. Marriott International’s dividend payout ratio is currently 26.36%.

Insider Activity at Marriott International

In other news, CFO Kathleen K. Oberg sold 2,360 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $285.41, for a total transaction of $673,567.60. Following the completion of the sale, the chief financial officer now directly owns 39,726 shares of the company’s stock, valued at $11,338,197.66. The trade was a 5.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Benjamin T. Breland sold 500 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $3,372,384.14. The trade was a 3.91 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,108 shares of company stock valued at $3,434,439. 12.32% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

MAR has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Marriott International from $222.00 to $216.00 and set a “hold” rating for the company in a report on Thursday, August 1st. Morgan Stanley cut their price target on Marriott International from $268.00 to $250.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. BMO Capital Markets upped their price objective on Marriott International from $255.00 to $265.00 and gave the company a “market perform” rating in a research note on Tuesday, November 5th. Evercore ISI boosted their target price on shares of Marriott International from $245.00 to $270.00 and gave the stock an “in-line” rating in a report on Monday, October 21st. Finally, Barclays raised their price target on shares of Marriott International from $240.00 to $249.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 5th. Thirteen research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average 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.