Marriott International, Inc. (NASDAQ:MAR) Shares Bought by Kovack Advisors Inc.

Kovack Advisors Inc. increased its stake in Marriott International, Inc. (NASDAQ:MAR) by 83.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,872 shares of the company’s stock after acquiring an additional 851 shares during the period. Kovack Advisors Inc.’s holdings in Marriott International were worth $465,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of MAR. Bangor Savings Bank grew its stake in Marriott International by 131.1% during the second quarter. Bangor Savings Bank now owns 104 shares of the company’s stock worth $25,000 after buying an additional 59 shares during the period. Hantz Financial Services Inc. acquired a new stake in Marriott International in the 2nd quarter valued at $26,000. MFA Wealth Advisors LLC purchased a new position in Marriott International in the second quarter valued at about $28,000. Silvant Capital Management LLC purchased a new stake in shares of Marriott International in the third quarter worth about $31,000. Finally, Unique Wealth Strategies LLC purchased a new stake in shares of Marriott International during the 2nd quarter valued at about $35,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Trading Down 1.6 %

Shares of Marriott International stock opened at $282.02 on Friday. Marriott International, Inc. has a twelve month low of $200.94 and a twelve month high of $289.04. The stock has a market capitalization of $78.37 billion, a price-to-earnings ratio of 29.50, a PEG ratio of 5.63 and a beta of 1.58. The business’s 50 day simple moving average is $254.51 and its 200-day simple moving average is $241.18.

Marriott International (NASDAQ:MAR) last posted 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). 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 during the quarter, compared to the consensus estimate of $6.27 billion. During the same quarter in the previous year, the business posted $2.11 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. Sell-side analysts predict that Marriott International, Inc. will post 9.26 earnings per share for the current year.

Marriott International Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.89%. Marriott International’s dividend payout ratio (DPR) is presently 26.36%.

Wall Street Analyst Weigh In

MAR has been the subject of several recent research reports. Macquarie reaffirmed a “neutral” rating and issued a $245.00 price objective on shares of Marriott International in a research report on Tuesday, November 5th. The Goldman Sachs Group initiated coverage on shares of Marriott International in a research note on Wednesday, September 18th. They set a “buy” rating and a $267.00 price target on the stock. Sanford C. Bernstein raised their target price on Marriott International from $262.00 to $290.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft reduced their price target on Marriott International from $222.00 to $216.00 and set a “hold” rating for the company in a report on Thursday, August 1st. Finally, TD Cowen dropped their price objective on Marriott International from $295.00 to $283.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Thirteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $259.00.

Insider Buying and Selling

In other Marriott International news, CEO Anthony Capuano sold 8,332 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $284.49, for a total value 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Felitia Lee sold 916 shares of Marriott International stock in a transaction that occurred on 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 directly owns 5,609 shares in the company, valued at $1,550,776.32. This 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 three months. 12.32% of the stock is currently owned by corporate insiders.

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.