B. Metzler seel. Sohn & Co. Holding AG Buys New Stake in Marriott International, Inc. (NASDAQ:MAR)

B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Marriott International, Inc. (NASDAQ:MAR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,639 shares of the company’s stock, valued at approximately $2,148,000.

A number of other large investors also recently modified their holdings of MAR. Bangor Savings Bank lifted its position in Marriott International by 131.1% in the second quarter. Bangor Savings Bank now owns 104 shares of the company’s stock worth $25,000 after purchasing an additional 59 shares during the period. Hantz Financial Services Inc. acquired a new stake in shares of Marriott International in the second quarter valued at $26,000. MFA Wealth Advisors LLC acquired a new position in Marriott International during the second quarter worth about $28,000. Silvant Capital Management LLC acquired a new stake in Marriott International in the 3rd quarter valued at about $31,000. Finally, Unique Wealth Strategies LLC bought a new position in shares of Marriott International during the 2nd quarter valued at about $35,000. 70.70% of the stock is owned by institutional investors and hedge funds.

Marriott International Price Performance

MAR opened at $283.23 on Friday. The company has a market capitalization of $78.71 billion, a PE ratio of 29.63, a price-to-earnings-growth ratio of 5.49 and a beta of 1.58. The business has a 50-day moving average of $260.83 and a 200-day moving average of $243.01. Marriott International, Inc. has a fifty-two week low of $200.94 and a fifty-two week high of $289.04.

Marriott International (NASDAQ:MAR) last posted its earnings results on Monday, November 4th. The company reported $2.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). The business had revenue of $6.26 billion during the quarter, compared to analyst estimates 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 was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.11 earnings per share. On average, equities research analysts expect that Marriott International, Inc. will post 9.26 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, November 21st will be given a $0.63 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.89%. Marriott International’s dividend payout ratio is currently 26.36%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on MAR shares. The Goldman Sachs Group assumed coverage on shares of Marriott International in a report on Wednesday, September 18th. They issued a “buy” rating and a $267.00 target price on the stock. Truist Financial cut their price objective on Marriott International from $263.00 to $254.00 and set a “hold” rating for the company in a research report on Tuesday, August 6th. Mizuho boosted their target price on Marriott International from $233.00 to $246.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Barclays increased their price target on Marriott International from $240.00 to $249.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 5th. Finally, UBS Group cut their price objective on Marriott International from $267.00 to $244.00 and set a “neutral” rating on the stock in a report on Tuesday, August 13th. Thirteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $259.00.

Insider Transactions at Marriott International

In related news, CFO Kathleen K. Oberg sold 2,360 shares of the company’s stock in a transaction on 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 approximately $11,338,197.66. This represents a 5.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Anthony Capuano sold 8,332 shares of Marriott International stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 108,361 shares in the company, valued at $30,827,620.89. This trade represents a 7.14 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,108 shares of company stock worth $3,434,439. 12.32% of the stock is owned by corporate insiders.

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.