Marriott International, Inc. (NASDAQ:MAR) Shares Sold by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. decreased its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 19.7% during the third quarter, HoldingsChannel reports. The institutional investor owned 1,017 shares of the company’s stock after selling 250 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Marriott International were worth $253,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. purchased a new stake in Marriott International during the 2nd quarter worth approximately $26,000. MFA Wealth Advisors LLC acquired a new stake in shares of Marriott International in the second quarter worth approximately $28,000. Silvant Capital Management LLC acquired a new position in Marriott International in the 3rd quarter valued at $31,000. Darwin Wealth Management LLC purchased a new position in Marriott International in the 3rd quarter valued at $33,000. Finally, Unique Wealth Strategies LLC acquired a new stake in Marriott International during the 2nd quarter worth $35,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Stock Performance

Shares of MAR stock opened at $287.08 on Friday. The firm has a market cap of $79.78 billion, a P/E ratio of 30.03, a P/E/G ratio of 5.56 and a beta of 1.58. The firm’s 50 day moving average price is $274.76 and its 200-day moving average price is $248.69. Marriott International, Inc. has a one year low of $204.55 and a one year high of $295.45.

Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The firm had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.27 billion. During the same quarter last year, the company earned $2.11 earnings per share. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, research analysts predict that Marriott International, Inc. will post 9.26 EPS for the current fiscal year.

Marriott International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.52 dividend on an annualized basis and a yield of 0.88%. Marriott International’s dividend payout ratio (DPR) is presently 26.36%.

Insider Activity

In related news, EVP Benjamin T. Breland sold 500 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was 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 directly owns 12,286 shares of the company’s stock, valued at $3,372,384.14. The trade was a 3.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider William P. Brown sold 1,707 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $284.30, for a total value of $485,300.10. Following the completion of the sale, the insider now directly owns 23,077 shares in the company, valued at $6,560,791.10. This represents a 6.89 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,815 shares of company stock valued at $3,919,739. 12.32% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Bank of America raised their price target on shares of Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Truist Financial raised their target price on shares of Marriott International from $254.00 to $277.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Evercore ISI upped their price target on Marriott International from $245.00 to $270.00 and gave the company an “in-line” rating in a research report on Monday, October 21st. Stifel Nicolaus lifted their price objective on Marriott International from $252.00 to $283.00 and gave the stock a “hold” rating in a research report on Tuesday, November 26th. Finally, Macquarie restated a “neutral” rating and issued a $245.00 target price on shares of Marriott International in a report on Tuesday, November 5th. Fourteen analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Marriott International currently has an average rating of “Hold” and a consensus price target of $266.25.

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.