Rockefeller Capital Management L.P. Has $8.31 Million Stock Position in Marriott International, Inc. (NASDAQ:MAR)

Rockefeller Capital Management L.P. lessened its position in Marriott International, Inc. (NASDAQ:MAR) by 20.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,426 shares of the company’s stock after selling 8,460 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Marriott International were worth $8,311,000 at the end of the most recent quarter.

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

Marriott International Price Performance

MAR opened at $284.93 on Wednesday. The company has a market capitalization of $79.18 billion, a price-to-earnings ratio of 29.80, a P/E/G ratio of 5.63 and a beta of 1.58. The business’s 50-day moving average price is $268.34 and its two-hundred day moving average price is $245.86. Marriott International, Inc. has a 1 year low of $202.24 and a 1 year high of $290.43.

Marriott International (NASDAQ:MAR) last released 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). The firm had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.27 billion. Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The company’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.11 EPS. Sell-side analysts anticipate that Marriott International, Inc. will post 9.26 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, November 21st will be paid a $0.63 dividend. The ex-dividend date is Thursday, November 21st. This represents a $2.52 annualized dividend and a yield of 0.88%. Marriott International’s payout ratio is currently 26.36%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Macquarie reaffirmed a “neutral” rating and set a $245.00 price target on shares of Marriott International in a report on Tuesday, November 5th. BMO Capital Markets boosted their price objective on shares of Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 5th. 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. Barclays raised their price objective 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. Finally, UBS Group dropped their price objective on Marriott International from $267.00 to $244.00 and set a “neutral” rating for the company in a report on Tuesday, August 13th. Fourteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Marriott International has an average rating of “Hold” and an average price target of $260.20.

Insiders Place Their Bets

In other Marriott International news, EVP Benjamin T. Breland sold 500 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $274.49, for a total transaction of $137,245.00. Following the sale, the executive vice president now directly owns 12,286 shares of the company’s stock, valued at approximately $3,372,384.14. This represents a 3.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Anthony Capuano sold 8,332 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $284.49, for a total transaction of $2,370,370.68. Following the transaction, the chief executive officer now owns 108,361 shares in the company, valued at $30,827,620.89. This represents a 7.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,815 shares of company stock valued at $3,919,739 in the last three months. 10.07% of the stock is currently owned by corporate insiders.

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.