Sheaff Brock Investment Advisors LLC Purchases 260 Shares of Marriott International, Inc. (NASDAQ:MAR)

Sheaff Brock Investment Advisors LLC raised its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 6.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,162 shares of the company’s stock after acquiring an additional 260 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Marriott International were worth $1,035,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. BDF Gestion purchased a new position in shares of Marriott International during the second quarter valued at approximately $3,013,000. Jensen Investment Management Inc. purchased a new position in shares of Marriott International during the third quarter valued at approximately $793,000. CWM LLC raised its holdings in Marriott International by 518.7% in the 2nd quarter. CWM LLC now owns 47,519 shares of the company’s stock worth $11,489,000 after acquiring an additional 39,839 shares during the last quarter. BayBridge Capital Group LLC purchased a new position in Marriott International in the 3rd quarter worth approximately $1,254,000. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in Marriott International by 0.5% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 566,548 shares of the company’s stock worth $140,844,000 after acquiring an additional 2,723 shares during the last quarter. 70.70% of the stock is owned by institutional investors.

Marriott International Price Performance

Shares of MAR stock opened at $278.78 on Friday. The company has a market cap of $77.47 billion, a price-to-earnings ratio of 29.16, a PEG ratio of 5.63 and a beta of 1.58. The firm has a fifty day moving average price of $256.59 and a 200-day moving average price of $241.73. Marriott International, Inc. has a 1 year low of $200.94 and a 1 year high of $289.04.

Marriott International (NASDAQ:MAR) last issued its earnings results on Monday, November 4th. The company reported $2.26 earnings per share 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 negative return on equity of 177.91% and a net margin of 11.18%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the company posted $2.11 EPS. Equities research analysts expect that Marriott International, Inc. will post 9.26 EPS for the current year.

Marriott International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Thursday, November 21st will be issued a $0.63 dividend. 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 is currently 26.36%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on MAR shares. Macquarie restated a “neutral” rating and issued a $245.00 price objective on shares of Marriott International in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Marriott International from $222.00 to $216.00 and set a “hold” rating for the company in a report on Thursday, August 1st. Truist Financial decreased their price objective 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. TD Cowen decreased their target price on shares of Marriott International from $295.00 to $283.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Finally, The Goldman Sachs Group assumed coverage on shares of Marriott International in a research note on Wednesday, September 18th. They set a “buy” rating and a $267.00 target price for the company. Thirteen analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Marriott International has an average rating of “Hold” and a consensus target price of $259.00.

Insider Buying and Selling

In other Marriott International news, EVP Benjamin T. Breland sold 500 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $274.49, for a total value of $137,245.00. Following the sale, the executive vice president now owns 12,286 shares in the company, valued at $3,372,384.14. The trade was a 3.91 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Felitia Lee sold 916 shares of the business’s stock in a transaction 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 approximately $1,550,776.32. The trade was a 14.04 % 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 valued at $3,434,439. Company insiders own 12.32% of the company’s stock.

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.