Citizens Financial Group Inc. RI Has $11.07 Million Stake in Marriott International, Inc. (NASDAQ:MAR)

Citizens Financial Group Inc. RI cut its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 2.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,535 shares of the company’s stock after selling 986 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Marriott International were worth $11,071,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Quent Capital LLC grew its stake in Marriott International by 7.9% in 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 in the last quarter. Bessemer Group Inc. lifted its stake in Marriott International by 151.7% in the first quarter. Bessemer Group Inc. now owns 16,047 shares of the company’s stock valued at $4,049,000 after acquiring an additional 9,671 shares during the last quarter. CreativeOne Wealth LLC lifted its stake in Marriott International by 30.8% in the first quarter. CreativeOne Wealth LLC now owns 2,053 shares of the company’s stock valued at $518,000 after acquiring an additional 484 shares during the last quarter. Advisors Asset Management Inc. increased its stake in shares of Marriott International by 16.8% during the 1st quarter. Advisors Asset Management Inc. now owns 17,975 shares of the company’s stock worth $4,535,000 after purchasing an additional 2,592 shares during the last quarter. Finally, Rodgers Brothers Inc. raised its holdings in shares of Marriott International by 13.1% in the 1st quarter. Rodgers Brothers Inc. now owns 1,725 shares of the company’s stock valued at $435,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Stock Up 0.3 %

Shares of Marriott International stock opened at $280.18 on Thursday. The firm’s 50-day moving average price is $259.78 and its two-hundred day moving average price is $242.73. The company has a market capitalization of $77.86 billion, a price-to-earnings ratio of 29.31, a PEG ratio of 5.49 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.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.27 billion. During the same quarter in the prior year, the firm earned $2.11 earnings per share. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, sell-side analysts expect that Marriott International, Inc. will post 9.26 earnings per share for the current year.

Marriott International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, November 21st will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Thursday, November 21st. Marriott International’s dividend payout ratio is presently 26.36%.

Insider Transactions at Marriott International

In other news, CFO Kathleen K. Oberg sold 2,360 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $285.41, for a total transaction of $673,567.60. Following the completion of the transaction, the chief financial officer now directly owns 39,726 shares in the company, valued at approximately $11,338,197.66. This represents a 5.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Anthony Capuano sold 8,332 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer now directly owns 108,361 shares in the company, valued at approximately $30,827,620.89. This trade represents a 7.14 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,108 shares of company stock valued at $3,434,439. 12.32% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have issued reports on MAR shares. Evercore ISI upped their price objective on Marriott International from $245.00 to $270.00 and gave the company an “in-line” rating in a research note on Monday, October 21st. BMO Capital Markets boosted their target price on Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Marriott International from $222.00 to $216.00 and set a “hold” rating for the company in a research report on Thursday, August 1st. UBS Group decreased their price objective on shares of Marriott International from $267.00 to $244.00 and set a “neutral” rating on the stock in a report on Tuesday, August 13th. Finally, Morgan Stanley decreased their price target on shares of Marriott International from $268.00 to $250.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. Thirteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Marriott International presently has a consensus rating of “Hold” and a consensus target price of $259.00.

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.