Thrivent Financial for Lutherans Sells 623 Shares of Marriott International, Inc. (NASDAQ:MAR)

Thrivent Financial for Lutherans trimmed its position in Marriott International, Inc. (NASDAQ:MAR) by 4.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,644 shares of the company’s stock after selling 623 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Marriott International were worth $3,144,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of MAR. Harbor Capital Advisors Inc. grew its stake in shares of Marriott International by 0.4% in the third quarter. Harbor Capital Advisors Inc. now owns 8,698 shares of the company’s stock worth $2,162,000 after acquiring an additional 38 shares during the last quarter. Haverford Trust Co raised its holdings in Marriott International by 1.0% in the 3rd quarter. Haverford Trust Co now owns 4,207 shares of the company’s stock valued at $1,046,000 after acquiring an additional 40 shares in the last quarter. Rockland Trust Co. grew its holdings in shares of Marriott International by 2.3% during the 2nd quarter. Rockland Trust Co. now owns 1,802 shares of the company’s stock worth $436,000 after purchasing an additional 41 shares in the last quarter. Park Avenue Securities LLC increased its position in shares of Marriott International by 1.4% during the second quarter. Park Avenue Securities LLC now owns 3,298 shares of the company’s stock valued at $797,000 after purchasing an additional 46 shares during the period. Finally, SeaCrest Wealth Management LLC increased its holdings in Marriott International by 1.5% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 3,075 shares of the company’s stock valued at $743,000 after buying an additional 46 shares during the period. 70.70% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Anthony Capuano sold 8,332 shares of the business’s 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 completion of the sale, the chief executive officer now directly owns 108,361 shares in the company, valued at $30,827,620.89. The trade was a 7.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Kathleen K. Oberg sold 2,360 shares of Marriott International stock in a transaction on Monday, November 11th. The stock was sold at an average price of $285.41, for a total value of $673,567.60. Following the sale, the chief financial officer now directly owns 39,726 shares of the company’s stock, valued at $11,338,197.66. This represents a 5.61 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,815 shares of company stock valued at $3,919,739. 10.07% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

MAR has been the subject of several recent analyst reports. Wells Fargo & Company increased their price objective on Marriott International from $238.00 to $261.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 22nd. TD Cowen reduced their price objective on Marriott International from $295.00 to $283.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Sanford C. Bernstein lifted their target price on shares of Marriott International from $262.00 to $290.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Evercore ISI increased their price target on shares of Marriott International from $245.00 to $270.00 and gave the company an “in-line” rating in a research report on Monday, October 21st. Finally, Barclays increased their target price on shares of Marriott International from $240.00 to $249.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 5th. 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 MarketBeat.com, Marriott International presently has an average rating of “Hold” and an average target price of $259.00.

Marriott International Stock Performance

MAR opened at $288.00 on Tuesday. The business’s 50-day simple moving average is $262.99 and its 200 day simple moving average is $243.80. Marriott International, Inc. has a 52-week low of $200.94 and a 52-week high of $289.63. The firm has a market capitalization of $80.03 billion, a PE ratio of 30.13, a PEG ratio of 5.59 and a beta of 1.58.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data 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 company had revenue of $6.26 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.11 EPS. On average, research analysts forecast that Marriott International, Inc. will post 9.26 earnings per share 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. The ex-dividend date is Thursday, November 21st. This represents a $2.52 annualized dividend and a dividend yield of 0.88%. Marriott International’s dividend payout ratio 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.