Obsidian Personal Planning Solutions LLC Sells 44 Shares of Marriott International, Inc. (NASDAQ:MAR)

by · The Cerbat Gem

Obsidian Personal Planning Solutions LLC lessened its holdings in Marriott International, Inc. (NASDAQ:MAR – Free Report) by 2.2% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,975 shares of the company’s stock after selling 44 shares during the period. Obsidian Personal Planning Solutions LLC’s holdings in Marriott International were worth $514,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Kinsale Capital Group Inc. purchased a new position in shares of Marriott International in the third quarter worth about $3,769,000. Natixis Advisors LLC grew its stake in shares of Marriott International by 18.8% in the third quarter. Natixis Advisors LLC now owns 281,499 shares of the company’s stock worth $69,981,000 after purchasing an additional 44,540 shares during the last quarter. Mizuho Securities USA LLC grew its stake in shares of Marriott International by 629.7% in the third quarter. Mizuho Securities USA LLC now owns 134,973 shares of the company’s stock worth $33,554,000 after purchasing an additional 116,477 shares during the last quarter. Coastline Trust Co bought a new stake in shares of Marriott International in the third quarter worth about $99,000. Finally, Empowered Funds LLC grew its stake in shares of Marriott International by 4.8% in the third quarter. Empowered Funds LLC now owns 3,734 shares of the company’s stock worth $928,000 after purchasing an additional 172 shares during the last quarter. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Marriott International Stock Performance

Shares of Marriott International stock opened at $278.78 on Friday. The company has a market capitalization of $77.47 billion, a P/E ratio of 29.16, a P/E/G ratio of 5.48 and a beta of 1.58. The company has a fifty day moving average of $256.59 and a 200 day moving average of $241.77. 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 – Get Free Report) 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. Analysts forecast that Marriott International, Inc. will post 9.26 EPS for the current year.

Marriott International Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms recently issued reports on MAR. Morgan Stanley cut their target price on Marriott International from $268.00 to $250.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. Robert W. Baird lifted their price objective on Marriott International from $258.00 to $264.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Truist Financial cut their price objective on Marriott International from $263.00 to $254.00 and set a “hold” rating on the stock in a research report on Tuesday, August 6th. Bank of America lifted their price objective on Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Finally, Sanford C. Bernstein lifted their price objective on Marriott International from $262.00 to $290.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Thirteen analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Marriott International presently has an average rating of “Hold” and a consensus price target of $259.00.

Get Our Latest Stock Analysis on Marriott International

Insider Buying and Selling at Marriott International

In other Marriott International 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 completion of the transaction, the executive vice president now owns 12,286 shares of the company’s stock, valued at $3,372,384.14. This represents a 3.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Felitia Lee sold 916 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $276.48, for a total transaction of $253,255.68. Following the transaction, the chief accounting officer now directly owns 5,609 shares of the company’s stock, valued at $1,550,776.32. This trade represents a 14.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,108 shares of company stock valued at $3,434,439 in the last 90 days. Insiders own 12.32% of the company’s stock.

About Marriott International

(Free Report)

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.

Further Reading

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