Cerity Partners LLC Buys 24,666 Shares of Marriott International, Inc. (NASDAQ:MAR)

Cerity Partners LLC lifted its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 40.7% during the third quarter, Holdings Channel reports. The firm owned 85,255 shares of the company’s stock after acquiring an additional 24,666 shares during the period. Cerity Partners LLC’s holdings in Marriott International were worth $21,194,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of MAR. Quent Capital LLC lifted its holdings in Marriott International by 7.9% during the first quarter. Quent Capital LLC now owns 644 shares of the company’s stock valued at $162,000 after purchasing an additional 47 shares during the last quarter. BOKF NA increased its stake in shares of Marriott International by 12.9% in the first quarter. BOKF NA now owns 3,151 shares of the company’s stock worth $792,000 after buying an additional 360 shares during the period. SVB Wealth LLC raised its stake in shares of Marriott International by 2.8% during the first quarter. SVB Wealth LLC now owns 1,891 shares of the company’s stock valued at $477,000 after acquiring an additional 52 shares during the last quarter. Silvercrest Asset Management Group LLC lifted its holdings in Marriott International by 17.7% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 35,292 shares of the company’s stock worth $8,905,000 after buying an additional 5,309 shares during the period. Finally, Ancora Advisors LLC lifted its stake in Marriott International by 1.0% in the first quarter. Ancora Advisors LLC now owns 99,578 shares of the company’s stock worth $25,124,000 after acquiring an additional 1,025 shares during the period. Institutional investors own 70.70% of the company’s stock.

Insider Activity

In related news, EVP Benjamin T. Breland sold 500 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $274.49, for a total value of $137,245.00. Following the sale, the executive vice president now owns 12,286 shares in the company, valued at approximately $3,372,384.14. The trade was a 3.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Anthony Capuano sold 8,332 shares of Marriott International stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $284.49, for a total value 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 represents a 7.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,108 shares of company stock worth $3,434,439 over the last quarter. Insiders own 12.32% of the company’s stock.

Marriott International Trading Up 0.3 %

NASDAQ MAR opened at $284.29 on Monday. The stock has a market cap of $79.00 billion, a price-to-earnings ratio of 29.74, a PEG ratio of 5.58 and a beta of 1.58. Marriott International, Inc. has a 12 month low of $200.94 and a 12 month high of $289.04. The company’s 50 day moving average is $261.88 and its two-hundred day moving average is $243.45.

Marriott International (NASDAQ:MAR) last issued its earnings results on Monday, November 4th. The company reported $2.26 earnings per share 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 during the quarter, compared to the consensus estimate of $6.27 billion. During the same period in the prior year, the company posted $2.11 EPS. The company’s quarterly revenue was up 5.5% on a year-over-year basis. Sell-side analysts forecast that Marriott International, Inc. will post 9.26 EPS 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 paid a $0.63 dividend. The ex-dividend date is Thursday, November 21st. This represents a $2.52 annualized dividend and a yield of 0.89%. Marriott International’s payout ratio is 26.36%.

Analyst Ratings Changes

Several analysts have weighed in on the company. 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 research report on Tuesday, August 6th. The Goldman Sachs Group initiated coverage on shares of Marriott International in a report on Wednesday, September 18th. They issued a “buy” rating and a $267.00 target price for the company. Barclays increased their price objective on Marriott International from $240.00 to $249.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 5th. BMO Capital Markets raised their target price on shares of Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a report on Tuesday, November 5th. Finally, Truist Financial decreased their target price on shares of Marriott International from $263.00 to $254.00 and set a “hold” rating for the company in a research note on Tuesday, August 6th. Thirteen analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $259.00.

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.