Marriott International, Inc. $MAR Shares Sold by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP trimmed its stake in Marriott International, Inc. (NASDAQ:MAR) by 49.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,255 shares of the company’s stock after selling 3,243 shares during the period. Fulcrum Asset Management LLP’s holdings in Marriott International were worth $1,177,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Valley National Advisers Inc. boosted its position in Marriott International by 4,398.1% in the third quarter. Valley National Advisers Inc. now owns 7,017 shares of the company’s stock valued at $2,496,000 after buying an additional 6,861 shares in the last quarter. Integrity Alliance LLC. increased its holdings in shares of Marriott International by 375.1% during the third quarter. Integrity Alliance LLC. now owns 3,240 shares of the company’s stock worth $1,152,000 after buying an additional 2,558 shares in the last quarter. Tidal Investments LLC increased its holdings in shares of Marriott International by 62.5% during the second quarter. Tidal Investments LLC now owns 34,640 shares of the company’s stock worth $12,837,000 after buying an additional 13,322 shares in the last quarter. VMS Asset Management Limited bought a new position in shares of Marriott International in the third quarter valued at approximately $2,927,000. Finally, First Citizens Bank & Trust Co. bought a new position in shares of Marriott International in the third quarter valued at approximately $1,249,000. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Marriott International Stock Performance

NASDAQ:MAR opened at $429.18 on Thursday. The company has a market cap of $110.52 billion, a price-to-earnings ratio of 42.83, a P/E/G ratio of 3.07 and a beta of 1.15. The stock’s fifty day moving average price is $371.23 and its two-hundred day moving average price is $359.71. Marriott International, Inc. has a 52-week low of $280.99 and a 52-week high of $433.30.

Marriott International (NASDAQ:MAR) last released its earnings results on Monday, November 2nd. The company reported $3.02 earnings per share for the quarter, topping analysts’ consensus estimates of $2.84 by $0.18. The company had revenue of $7 billion during the quarter, compared to the consensus estimate of $6.93 billion. Marriott International had a negative return on equity of 69.94% and a net margin of 9.68%. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.47 earnings per share. On average, equities analysts predict that Marriott International, Inc. will post 12.10 EPS for the current fiscal year.

Marriott International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Thursday, November 19th will be paid a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, November 19th. Marriott International’s payout ratio is 29.14%.

Insider Buying and Selling at Marriott International

In other Marriott International news, EVP Rena Reiss sold 4,969 shares of the firm’s stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $423.32, for a total value of $2,103,477.08. Following the transaction, the executive vice president directly owned 38,953 shares of the company’s stock, valued at approximately $16,489,583.96. This trade represents a 11.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Deborah Harrison sold 3,500 shares of the company’s stock in a transaction on Friday, September 25th. The shares were sold at an average price of $352.09, for a total transaction of $1,232,315.00. Following the sale, the insider owned 282,383 shares of the company’s stock, valued at $99,424,230.47. The trade was a 1.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 77,824 shares of company stock valued at $32,243,110 over the last 90 days. Company insiders own 11.43% of the company’s stock.

Analyst Ratings Changes

MAR has been the topic of a number of research analyst reports. UBS Group decreased their price target on Marriott International from $412.00 to $395.00 and set a “neutral” rating on the stock in a research report on Thursday, August 20th. Argus reduced their price objective on Marriott International from $445.00 to $425.00 and set a “buy” rating on the stock in a research note on Friday, August 14th. China Intl Cap raised Marriott International to a “strong-buy” rating in a research note on Wednesday, August 12th. Sanford C. Bernstein restated an “outperform” rating and set a $445.00 target price on shares of Marriott International in a report on Wednesday, November 4th. Finally, Wells Fargo & Company raised their target price on Marriott International from $426.00 to $463.00 and gave the company an “overweight” rating in a research note on Tuesday, November 3rd. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $399.04.

Marriott International Profile

Marriott International is a global lodging company that manages, franchises, and licenses hotels, resorts, and other accommodations. Its portfolio spans luxury, premium, select-service, and extended-stay brands, including The Ritz-Carlton, St. Regis, W Hotels, Marriott, Sheraton, Courtyard, Residence Inn, and Moxy. The company traces its origins to a root beer stand opened by J. Willard and Alice Marriott in Washington, D.C., in 1927. It entered the lodging business in the 1950s and is headquartered in Bethesda, Maryland.