Marriott International, Inc. (NASDAQ:MAR) Shares Sold by Synovus Financial Corp

Synovus Financial Corp trimmed its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 6.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,884 shares of the company’s stock after selling 433 shares during the quarter. Synovus Financial Corp’s holdings in Marriott International were worth $1,463,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Marriott International by 4.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,024,187 shares of the company’s stock worth $254,613,000 after acquiring an additional 46,563 shares during the last quarter. National Pension Service grew its position in Marriott International by 11.6% during the 3rd quarter. National Pension Service now owns 719,613 shares of the company’s stock worth $178,896,000 after purchasing an additional 74,832 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Marriott International by 5.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 679,757 shares of the company’s stock valued at $164,355,000 after purchasing an additional 33,149 shares in the last quarter. First Pacific Advisors LP lifted its stake in shares of Marriott International by 2.1% during the second quarter. First Pacific Advisors LP now owns 613,205 shares of the company’s stock worth $148,255,000 after buying an additional 12,499 shares during the period. Finally, Janus Henderson Group PLC increased its position in shares of Marriott International by 8.4% in the 3rd quarter. Janus Henderson Group PLC now owns 613,052 shares of the company’s stock valued at $152,399,000 after acquiring an additional 47,551 shares during the period. 70.70% of the stock is owned by institutional investors and hedge funds.

Marriott International Stock Down 1.0 %

MAR opened at $287.08 on Monday. Marriott International, Inc. has a twelve month low of $204.55 and a twelve month high of $295.45. The company has a 50-day moving average price of $274.76 and a 200 day moving average price of $248.93. The company has a market cap of $79.78 billion, a PE ratio of 30.03, a price-to-earnings-growth ratio of 5.56 and a beta of 1.58.

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

Marriott International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders 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 0.88%. The ex-dividend date is Thursday, November 21st. Marriott International’s dividend payout ratio is currently 26.36%.

Analyst Ratings Changes

MAR has been the subject of a number of research reports. Sanford C. Bernstein lifted their price target on Marriott International from $262.00 to $290.00 and gave the stock an “outperform” 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 report on Tuesday, November 5th. Robert W. Baird raised their price target on shares of Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. TD Cowen dropped their price objective on shares of Marriott International from $295.00 to $283.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Finally, Evercore ISI raised their target price 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. Fourteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Marriott International presently has a consensus rating of “Hold” and an average price target of $266.25.

Insider Activity

In other Marriott International news, insider William P. Brown sold 1,707 shares of Marriott International stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $284.30, for a total transaction of $485,300.10. Following the transaction, the insider now directly owns 23,077 shares of the company’s stock, valued at $6,560,791.10. The trade was a 6.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kathleen K. Oberg sold 2,360 shares of the stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 39,726 shares of the company’s stock, valued at approximately $11,338,197.66. This trade represents a 5.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,815 shares of company stock worth $3,919,739 over the last ninety days. Corporate insiders own 12.32% of the company’s stock.

Marriott International Company 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.