Moors & Cabot Inc. Trims Stake in Marriott International, Inc. (NASDAQ:MAR)

Moors & Cabot Inc. lowered its holdings in Marriott International, Inc. (NASDAQ:MAR) by 9.1% during the third quarter, Holdings Channel.com reports. The firm owned 19,643 shares of the company’s stock after selling 1,960 shares during the period. Moors & Cabot Inc.’s holdings in Marriott International were worth $4,883,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MAR. Quent Capital LLC raised its position in Marriott International by 7.9% in the first quarter. Quent Capital LLC now owns 644 shares of the company’s stock valued at $162,000 after purchasing an additional 47 shares during the period. Bessemer Group Inc. raised its holdings in shares of Marriott International by 151.7% in the 1st quarter. Bessemer Group Inc. now owns 16,047 shares of the company’s stock valued at $4,049,000 after buying an additional 9,671 shares during the period. Lake Street Advisors Group LLC raised its holdings in shares of Marriott International by 64.7% in the 1st quarter. Lake Street Advisors Group LLC now owns 3,239 shares of the company’s stock valued at $817,000 after buying an additional 1,272 shares during the period. CANADA LIFE ASSURANCE Co raised its holdings in shares of Marriott International by 1.3% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 126,202 shares of the company’s stock valued at $31,862,000 after buying an additional 1,582 shares during the period. Finally, Natixis purchased a new stake in shares of Marriott International in the 1st quarter valued at $12,310,000. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Insider Transactions at Marriott International

In other Marriott International news, EVP Benjamin T. Breland sold 500 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total transaction of $137,245.00. Following the sale, the executive vice president now owns 12,286 shares in the company, valued at approximately $3,372,384.14. This represents a 3.91 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 sale, the chief financial officer now 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 disclosure for this sale can be found here. In the last three months, insiders sold 12,108 shares of company stock valued at $3,434,439. Corporate insiders own 10.07% of the company’s stock.

Marriott International Trading Down 0.0 %

Shares of NASDAQ MAR traded down $0.03 during trading hours on Wednesday, reaching $279.24. The stock had a trading volume of 57,537 shares, compared to its average volume of 1,466,622. The firm has a market cap of $77.60 billion, a price-to-earnings ratio of 29.21, a PEG ratio of 5.48 and a beta of 1.58. Marriott International, Inc. has a fifty-two week low of $200.94 and a fifty-two week high of $289.04. The firm has a 50-day moving average of $258.72 and a 200-day moving average of $242.46.

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 company had revenue of $6.26 billion for 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%. The firm’s revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the company earned $2.11 earnings per share. On average, equities analysts predict that Marriott International, Inc. will post 9.26 EPS for the current year.

Marriott International Dividend Announcement

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

Analyst Upgrades and Downgrades

MAR has been the topic of several research analyst reports. Wells Fargo & Company boosted their price objective on Marriott International from $238.00 to $261.00 and gave the company an “equal weight” rating in a report on Tuesday, October 22nd. BMO Capital Markets boosted their price objective on Marriott International from $255.00 to $265.00 and gave the company a “market perform” rating in a report on Tuesday, November 5th. UBS Group cut their price target on Marriott International from $267.00 to $244.00 and set a “neutral” rating on the stock in a report on Tuesday, August 13th. Bank of America upped their price target on Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Finally, Evercore ISI upped their price target on Marriott International from $245.00 to $270.00 and gave the stock an “in-line” rating in a report on Monday, October 21st. Thirteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, 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.