SpiderRock Advisors LLC Grows Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

SpiderRock Advisors LLC grew its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 40.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,500 shares of the company’s stock after acquiring an additional 10,458 shares during the period. SpiderRock Advisors LLC’s holdings in Marriott International were worth $9,074,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. grew its position in shares of Marriott International by 1.8% in the first quarter. JPMorgan Chase & Co. now owns 10,616,899 shares of the company’s stock valued at $2,678,750,000 after purchasing an additional 192,652 shares during the last quarter. Capital International Investors raised its holdings in shares of Marriott International by 4.7% in the first quarter. Capital International Investors now owns 3,296,879 shares of the company’s stock worth $831,836,000 after acquiring an additional 149,378 shares during the last quarter. National Pension Service boosted its stake in shares of Marriott International by 11.6% during the third quarter. National Pension Service now owns 719,613 shares of the company’s stock valued at $178,896,000 after acquiring an additional 74,832 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Marriott International by 5.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 679,757 shares of the company’s stock worth $164,355,000 after purchasing an additional 33,149 shares in the last quarter. Finally, First Pacific Advisors LP raised its stake in Marriott International by 2.1% in the 2nd quarter. First Pacific Advisors LP now owns 613,205 shares of the company’s stock valued at $148,255,000 after purchasing an additional 12,499 shares during the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.

Insiders Place Their Bets

In other Marriott International news, CAO Felitia Lee sold 916 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was 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 $1,550,776.32. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Benjamin T. Breland sold 500 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $274.49, for a total transaction of $137,245.00. Following the transaction, the executive vice president now owns 12,286 shares of the company’s stock, valued at approximately $3,372,384.14. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Felitia Lee sold 916 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $276.48, for a total value of $253,255.68. Following the completion of the sale, the chief accounting officer now directly owns 5,609 shares of the company’s stock, valued at approximately $1,550,776.32. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.32% of the stock is currently owned by company insiders.

Marriott International Trading Up 1.1 %

Shares of NASDAQ MAR opened at $280.80 on Friday. The stock has a fifty day moving average price of $251.24 and a 200 day moving average price of $240.26. The company has a market cap of $78.03 billion, a P/E ratio of 29.37, a P/E/G ratio of 6.05 and a beta of 1.58. Marriott International, Inc. has a 12-month low of $192.27 and a 12-month high of $282.80.

Marriott International (NASDAQ:MAR) last announced 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 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 business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.11 earnings per share. On average, sell-side analysts forecast that Marriott International, Inc. will post 9.27 EPS for the current fiscal year.

Marriott International Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MAR. Truist Financial lowered their price target on shares of Marriott International from $263.00 to $254.00 and set a “hold” rating for the company in a report on Tuesday, August 6th. Sanford C. Bernstein boosted their price target on Marriott International from $262.00 to $290.00 and gave the company an “outperform” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft decreased their price objective on Marriott International from $222.00 to $216.00 and set a “hold” rating on the stock in a report on Thursday, August 1st. BMO Capital Markets increased their target price on Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a research report on Tuesday. Finally, Morgan Stanley lowered their price target on Marriott International from $268.00 to $250.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. Thirteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Marriott International presently has a consensus rating of “Hold” and a consensus target price of $259.00.

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.