GenTrust LLC Decreases Holdings in Marriott International, Inc. (NASDAQ:MAR)

GenTrust LLC reduced its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 0.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 14,334 shares of the company’s stock after selling 86 shares during the period. GenTrust LLC’s holdings in Marriott International were worth $3,563,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of MAR. BDF Gestion purchased a new stake in Marriott International during the second quarter valued at about $3,013,000. Jensen Investment Management Inc. purchased a new stake in shares of Marriott International during the third quarter worth $793,000. CWM LLC boosted its holdings in shares of Marriott International by 518.7% in the second 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 period. BayBridge Capital Group LLC bought a new stake in shares of Marriott International during the 3rd quarter valued at $1,254,000. Finally, Kinsale Capital Group Inc. purchased a new stake in Marriott International during the 3rd quarter worth about $3,769,000. Institutional investors own 70.70% of the company’s stock.

Marriott International Stock Up 0.3 %

Marriott International stock opened at $284.29 on Friday. The firm has a fifty day simple moving average of $261.88 and a two-hundred day simple moving average of $243.34. Marriott International, Inc. has a twelve month low of $200.94 and a twelve month high of $289.04. The company has a market capitalization of $79.00 billion, a PE ratio of 29.74, a P/E/G ratio of 5.58 and a beta of 1.58.

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). Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The company had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.27 billion. During the same quarter in the prior year, the company earned $2.11 earnings per share. The company’s revenue was up 5.5% compared to the same quarter last year. As a group, equities analysts expect that Marriott International, Inc. will post 9.26 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The company 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 dividend of $0.63 per share. The ex-dividend date is Thursday, November 21st. This represents a $2.52 annualized dividend and a yield of 0.89%. Marriott International’s payout ratio is currently 26.36%.

Insiders Place Their Bets

In other Marriott International news, CFO Kathleen K. Oberg sold 2,360 shares of the business’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 transaction, the chief financial officer now directly owns 39,726 shares of the company’s stock, valued at approximately $11,338,197.66. The trade was a 5.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Anthony Capuano sold 8,332 shares of the firm’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 completion of the sale, the chief executive officer now directly owns 108,361 shares of the company’s stock, valued at approximately $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 a total of 12,108 shares of company stock valued at $3,434,439 in the last quarter. Insiders own 12.32% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Robert W. Baird upped their price target on Marriott International from $258.00 to $264.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Macquarie reiterated a “neutral” rating and issued a $245.00 target price on shares of Marriott International in a research note on Tuesday, November 5th. Evercore ISI upped their price target on shares of Marriott International from $245.00 to $270.00 and gave the stock an “in-line” rating in a report on Monday, October 21st. Wells Fargo & Company lifted their price objective on Marriott International from $238.00 to $261.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 22nd. Finally, BMO Capital Markets raised their price target on Marriott International from $255.00 to $265.00 and gave the company a “market perform” rating in a report on Tuesday, November 5th. Thirteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently 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.