Oppenheimer & Co. Inc. Has $3.03 Million Position in Marriott International, Inc. (NASDAQ:MAR)

Oppenheimer & Co. Inc. reduced its stake in Marriott International, Inc. (NASDAQ:MAR) by 5.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 12,167 shares of the company’s stock after selling 698 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Marriott International were worth $3,025,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in MAR. Oppenheimer Asset Management Inc. lifted its holdings in shares of Marriott International by 12.5% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 2,122 shares of the company’s stock worth $528,000 after purchasing an additional 235 shares in the last quarter. GHE LLC lifted its stake in shares of Marriott International by 17.0% in the third quarter. GHE LLC now owns 6,549 shares of the company’s stock valued at $1,628,000 after buying an additional 953 shares in the last quarter. Pinnacle Financial Partners Inc acquired a new position in shares of Marriott International during the third quarter valued at about $99,000. Haverford Trust Co raised its holdings in shares of Marriott International by 1.0% in the 3rd quarter. Haverford Trust Co now owns 4,207 shares of the company’s stock worth $1,046,000 after acquiring an additional 40 shares during the last quarter. Finally, Aptus Capital Advisors LLC lifted its position in Marriott International by 24.8% in the 3rd quarter. Aptus Capital Advisors LLC now owns 68,504 shares of the company’s stock valued at $17,030,000 after acquiring an additional 13,626 shares in the last quarter. Institutional investors own 70.70% of the company’s stock.

Insiders Place Their Bets

In other Marriott International news, CAO Felitia Lee sold 916 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $276.48, for a total value of $253,255.68. Following the completion of the transaction, the chief accounting officer now directly owns 5,609 shares of the company’s stock, valued at $1,550,776.32. This trade represents a 14.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Benjamin T. Breland sold 500 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total value of $137,245.00. Following the completion of the sale, the executive vice president now owns 12,286 shares in the company, valued at $3,372,384.14. This trade represents a 3.91 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,108 shares of company stock worth $3,434,439 in the last quarter. 12.32% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on MAR shares. Morgan Stanley lowered their price objective on Marriott International from $268.00 to $250.00 and set an “overweight” rating for the company in a research note on Tuesday, August 6th. Macquarie restated a “neutral” rating and set a $245.00 price objective on shares of Marriott International in a research note on Tuesday, November 5th. JPMorgan Chase & Co. upped their target price on shares of Marriott International from $235.00 to $255.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. Robert W. Baird boosted their price target on shares of Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Finally, Mizuho lifted their target price on shares of Marriott International from $233.00 to $246.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Thirteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Marriott International currently has a consensus rating of “Hold” and a consensus target price of $259.00.

Marriott International Stock Performance

Shares of Marriott International stock opened at $278.78 on Friday. The stock has a market capitalization of $77.47 billion, a P/E ratio of 29.16, a P/E/G 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. The stock’s 50-day simple moving average is $255.57 and its 200 day simple moving average is $241.46.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Monday, November 4th. The company reported $2.26 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 business had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.27 billion. During the same quarter in the previous year, the company posted $2.11 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. Equities research analysts forecast that Marriott International, Inc. will post 9.26 EPS for the current fiscal year.

Marriott International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Thursday, November 21st will be issued a dividend of $0.63 per share. The ex-dividend date is Thursday, November 21st. This represents a $2.52 dividend on an annualized basis and a yield of 0.90%. Marriott International’s dividend payout ratio (DPR) is 26.36%.

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.