Victory Capital Management Inc. Decreases Stock Position in Marriott International, Inc. (NASDAQ:MAR)

Victory Capital Management Inc. lessened its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 0.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 215,035 shares of the company’s stock after selling 460 shares during the period. Victory Capital Management Inc. owned 0.08% of Marriott International worth $53,458,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in MAR. Quent Capital LLC boosted its holdings in Marriott International by 7.9% in the 1st quarter. Quent Capital LLC now owns 644 shares of the company’s stock worth $162,000 after buying an additional 47 shares during the period. Russell Investments Group Ltd. grew its position in shares of Marriott International by 81.2% in the first quarter. Russell Investments Group Ltd. now owns 70,594 shares of the company’s stock valued at $17,816,000 after purchasing an additional 31,629 shares in the last quarter. Kingsview Wealth Management LLC boosted its stake in Marriott International by 41.0% in the 1st quarter. Kingsview Wealth Management LLC now owns 3,595 shares of the company’s stock worth $907,000 after purchasing an additional 1,046 shares during the period. Blair William & Co. IL boosted its position in shares of Marriott International by 31.6% in the first quarter. Blair William & Co. IL now owns 26,690 shares of the company’s stock valued at $6,734,000 after acquiring an additional 6,410 shares during the period. Finally, GM Advisory Group LLC purchased a new position in shares of Marriott International during the 1st quarter valued at $218,000. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on MAR shares. UBS Group lowered their price target on Marriott International from $267.00 to $244.00 and set a “neutral” rating on the stock in a report on Tuesday, August 13th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Marriott International from $222.00 to $216.00 and set a “hold” rating for the company in a research note on Thursday, August 1st. BMO Capital Markets raised their price objective on shares of Marriott International from $255.00 to $265.00 and gave the company a “market perform” rating in a research report on Tuesday, November 5th. Robert W. Baird increased their target price on Marriott International from $258.00 to $264.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Finally, Bank of America lifted their price target on Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Thirteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Marriott International currently has a consensus rating of “Hold” and an average target price of $259.00.

Marriott International Stock Down 1.6 %

Shares of MAR stock opened at $282.02 on Friday. The stock has a fifty day moving average of $254.51 and a 200 day moving average of $241.18. The firm 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. Marriott International, Inc. has a 52 week low of $200.94 and a 52 week high of $289.04.

Marriott International (NASDAQ:MAR) last announced its earnings results on Monday, November 4th. The company reported $2.26 earnings per share 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 for the quarter, compared to the consensus estimate of $6.27 billion. During the same period in the previous year, the firm posted $2.11 EPS. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. Equities research analysts anticipate that Marriott International, Inc. will post 9.26 earnings per share for the current year.

Marriott International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Thursday, November 21st will be given a dividend of $0.63 per share. The ex-dividend date is Thursday, November 21st. This represents a $2.52 annualized dividend and a dividend yield of 0.89%. Marriott International’s dividend payout ratio is presently 26.36%.

Insider Buying and Selling

In other Marriott International news, CEO Anthony Capuano sold 8,332 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $284.49, for a total transaction of $2,370,370.68. Following the completion of the transaction, the chief executive officer now owns 108,361 shares of the company’s stock, valued at approximately $30,827,620.89. This trade represents a 7.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Felitia Lee sold 916 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $276.48, for a total value of $253,255.68. Following the completion of the sale, the chief accounting officer now directly owns 5,609 shares in the company, valued at approximately $1,550,776.32. This represents a 14.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,108 shares of company stock valued at $3,434,439 over the last ninety days. Company insiders own 12.32% of the company’s stock.

Marriott International 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.