Marriott International, Inc. (NASDAQ:MAR) Position Raised by Venturi Wealth Management LLC

Venturi Wealth Management LLC increased its position in Marriott International, Inc. (NASDAQ:MAR) by 37.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 275 shares of the company’s stock after acquiring an additional 75 shares during the period. Venturi Wealth Management LLC’s holdings in Marriott International were worth $68,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. BDF Gestion acquired a new position in Marriott International during the 2nd quarter valued at about $3,013,000. Jensen Investment Management Inc. bought a new stake in Marriott International during the third quarter worth approximately $793,000. CWM LLC lifted its position in 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 purchasing an additional 39,839 shares during the period. BayBridge Capital Group LLC acquired a new position in shares of Marriott International during the 3rd quarter valued at $1,254,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of Marriott International in the 2nd quarter worth $3,844,000. Institutional investors own 70.70% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. UBS Group lowered their target price on Marriott International from $267.00 to $244.00 and set a “neutral” rating on the stock in a report on Tuesday, August 13th. Mizuho increased their target price on shares of Marriott International from $233.00 to $246.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Robert W. Baird boosted their target price on Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Truist Financial dropped their price target on Marriott International from $263.00 to $254.00 and set a “hold” rating on the stock in a research note on Tuesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price 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. Thirteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Marriott International currently has an average rating of “Hold” and an average price target of $259.00.

Marriott International Price Performance

Shares of Marriott International stock opened at $282.02 on Friday. The stock has a 50-day simple moving average of $254.51 and a 200-day simple moving average of $241.18. Marriott International, Inc. has a 52-week low of $200.94 and a 52-week high of $289.04. The firm has a market cap of $78.37 billion, a price-to-earnings ratio of 29.97, a P/E/G ratio of 5.63 and a beta of 1.58.

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

Marriott International Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date is Thursday, November 21st. Marriott International’s dividend payout ratio is 26.36%.

Insider Buying and Selling

In related news, CAO Felitia Lee sold 916 shares of the business’s stock in a transaction dated 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 transaction, the chief accounting officer now owns 5,609 shares of the company’s stock, valued at approximately $1,550,776.32. The trade was a 14.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kathleen K. Oberg sold 2,360 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $285.41, for a total value of $673,567.60. Following the completion of the sale, the chief financial officer now directly owns 39,726 shares in the company, valued at $11,338,197.66. This trade represents a 5.61 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,108 shares of company stock worth $3,434,439. 12.32% of the stock is currently owned by insiders.

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.