MetLife Investment Management LLC Sells 3,219 Shares of Marriott International, Inc. (NASDAQ:MAR)

MetLife Investment Management LLC lessened its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 5.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,684 shares of the company’s stock after selling 3,219 shares during the quarter. MetLife Investment Management LLC’s holdings in Marriott International were worth $15,086,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in MAR. Bangor Savings Bank grew its holdings in Marriott International by 131.1% during the 2nd quarter. Bangor Savings Bank now owns 104 shares of the company’s stock worth $25,000 after acquiring an additional 59 shares during the period. Hantz Financial Services Inc. acquired a new stake in shares of Marriott International during the second quarter worth $26,000. MFA Wealth Advisors LLC acquired a new position in Marriott International in the second quarter valued at about $28,000. Silvant Capital Management LLC bought a new position in Marriott International during the third quarter worth about $31,000. Finally, Darwin Wealth Management LLC bought a new stake in shares of Marriott International in the 3rd quarter valued at about $33,000. Institutional investors own 70.70% of the company’s stock.

Insider Activity

In related 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 transaction, the chief executive officer now owns 108,361 shares in the company, valued at approximately $30,827,620.89. This represents a 7.14 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider William P. Brown sold 1,707 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $284.30, for a total transaction of $485,300.10. Following the sale, the insider now owns 23,077 shares of the company’s stock, valued at $6,560,791.10. This trade represents a 6.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,815 shares of company stock valued at $3,919,739 over the last three months. Insiders own 10.07% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on MAR shares. Wells Fargo & Company lifted their price objective on shares of Marriott International from $238.00 to $261.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 22nd. Bank of America upped their price objective on shares of Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Evercore ISI lifted their target price on Marriott International from $245.00 to $270.00 and gave the stock an “in-line” rating in a report on Monday, October 21st. UBS Group lowered their price target on Marriott International from $267.00 to $244.00 and set a “neutral” rating for the company in a report on Tuesday, August 13th. Finally, Morgan Stanley cut their price objective on Marriott International from $268.00 to $250.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. Fourteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $260.20.

Marriott International Stock Down 0.9 %

NASDAQ:MAR opened at $285.60 on Thursday. Marriott International, Inc. has a twelve month low of $200.94 and a twelve month high of $289.80. The firm has a market capitalization of $79.37 billion, a price-to-earnings ratio of 29.87, a price-to-earnings-growth ratio of 5.67 and a beta of 1.58. The stock’s 50 day moving average price is $264.98 and its two-hundred day moving average price is $244.43.

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

Marriott International Announces Dividend

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 given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Thursday, November 21st. Marriott International’s dividend payout ratio (DPR) is presently 26.36%.

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.