Braun Stacey Associates Inc. Sells 15,998 Shares of Marriott International, Inc. (NASDAQ:MAR)

Braun Stacey Associates Inc. decreased its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 16.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,145 shares of the company’s stock after selling 15,998 shares during the quarter. Braun Stacey Associates Inc.’s holdings in Marriott International were worth $19,924,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Kinsale Capital Group Inc. acquired a new stake in shares of Marriott International during the 3rd quarter valued at $3,769,000. Natixis Advisors LLC lifted its holdings in Marriott International by 18.8% during the 3rd quarter. Natixis Advisors LLC now owns 281,499 shares of the company’s stock worth $69,981,000 after buying an additional 44,540 shares during the period. Mizuho Securities USA LLC lifted its holdings in Marriott International by 629.7% during the 3rd quarter. Mizuho Securities USA LLC now owns 134,973 shares of the company’s stock worth $33,554,000 after buying an additional 116,477 shares during the period. Coastline Trust Co acquired a new position in Marriott International during the 3rd quarter worth about $99,000. Finally, Empowered Funds LLC lifted its holdings in Marriott International by 4.8% during the 3rd quarter. Empowered Funds LLC now owns 3,734 shares of the company’s stock worth $928,000 after buying an additional 172 shares during the period. Institutional investors and hedge funds own 70.70% of the company’s stock.

Analyst Ratings Changes

MAR has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft cut their target price on Marriott International from $222.00 to $216.00 and set a “hold” rating on the stock in a report on Thursday, August 1st. Evercore ISI lifted their price objective on Marriott International from $245.00 to $270.00 and gave the stock an “in-line” rating in a research report on Monday, October 21st. Robert W. Baird lifted their price objective on Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Mizuho boosted their target price on Marriott International from $233.00 to $246.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Finally, Morgan Stanley decreased their target price on Marriott International from $268.00 to $250.00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. Thirteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $259.00.

Marriott International Trading Down 1.1 %

Marriott International stock opened at $278.78 on Monday. Marriott International, Inc. has a 12 month low of $200.94 and a 12 month high of $289.04. 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 price-to-earnings ratio of 29.16, a PEG ratio of 5.48 and a beta of 1.58.

Marriott International (NASDAQ:MAR) last posted 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). 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.11 EPS. As a group, equities research analysts forecast that Marriott International, Inc. will post 9.26 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, November 21st will be given 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 is currently 26.36%.

Insiders Place Their Bets

In related news, CEO Anthony Capuano sold 8,332 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $284.49, for a total value of $2,370,370.68. Following the transaction, the chief executive officer now owns 108,361 shares of the company’s stock, valued at $30,827,620.89. This represents a 7.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kathleen K. Oberg sold 2,360 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $285.41, for a total value of $673,567.60. Following the completion of the transaction, the chief financial officer now directly owns 39,726 shares in the company, valued at approximately $11,338,197.66. This represents a 5.61 % 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 worth $3,434,439 over the last 90 days. Corporate insiders own 12.32% of the company’s stock.

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.