CreativeOne Wealth LLC Raises Holdings in Marriott International, Inc. (NASDAQ:MAR)

CreativeOne Wealth LLC grew its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 7.5% in the third quarter, HoldingsChannel.com reports. The firm owned 1,772 shares of the company’s stock after buying an additional 123 shares during the quarter. CreativeOne Wealth LLC’s holdings in Marriott International were worth $441,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Bangor Savings Bank grew its holdings in Marriott International by 131.1% in the 2nd quarter. Bangor Savings Bank now owns 104 shares of the company’s stock worth $25,000 after acquiring an additional 59 shares during the last quarter. Hantz Financial Services Inc. purchased a new stake in shares of Marriott International during the second quarter worth about $26,000. MFA Wealth Advisors LLC bought a new position in Marriott International during the 2nd quarter valued at approximately $28,000. Silvant Capital Management LLC bought a new stake in shares of Marriott International in the 3rd quarter worth approximately $31,000. Finally, Darwin Wealth Management LLC bought a new position in shares of Marriott International during the third quarter valued at approximately $33,000. Institutional investors own 70.70% of the company’s stock.

Insider Activity at Marriott International

In other Marriott International news, insider William P. Brown sold 1,707 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $284.30, for a total transaction of $485,300.10. Following the completion of the sale, the insider now directly owns 23,077 shares of the company’s stock, valued at $6,560,791.10. This trade represents a 6.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Felitia Lee sold 916 shares of Marriott International 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 completion of the sale, the chief accounting officer now owns 5,609 shares in the company, valued at approximately $1,550,776.32. This represents a 14.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,815 shares of company stock worth $3,919,739. 12.32% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Wells Fargo & Company boosted their price objective on shares of Marriott International from $238.00 to $261.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 22nd. Stifel Nicolaus lifted their price objective on Marriott International from $252.00 to $283.00 and gave the company a “hold” rating in a research report on Tuesday, November 26th. Robert W. Baird increased their target price on Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. BMO Capital Markets lifted their price target on shares of Marriott International from $255.00 to $265.00 and gave the company a “market perform” rating in a research report on Tuesday, November 5th. Finally, Evercore ISI raised their target price on shares of Marriott International from $245.00 to $270.00 and gave the company an “in-line” rating in a research note on Monday, October 21st. Fourteen research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Marriott International has an average rating of “Hold” and a consensus target price of $260.20.

Marriott International Stock Up 1.2 %

NASDAQ MAR opened at $289.09 on Monday. The firm has a market capitalization of $80.34 billion, a P/E ratio of 30.24, a PEG ratio of 5.69 and a beta of 1.58. The company has a 50-day moving average price of $266.70 and a 200-day moving average price of $245.20. Marriott International, Inc. has a 52 week low of $200.94 and a 52 week high of $290.43.

Marriott International (NASDAQ:MAR) last issued its quarterly 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 business had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.27 billion. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.11 EPS. As a group, equities research analysts anticipate that Marriott International, Inc. will post 9.26 EPS for the current year.

Marriott International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend is Thursday, November 21st. Marriott International’s dividend payout ratio (DPR) is currently 26.36%.

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.