Marriott International, Inc. $MAR Stock Position Lifted by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. raised its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 38.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,919 shares of the company’s stock after buying an additional 1,640 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Marriott International were worth $2,105,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. State Street Corp raised its holdings in shares of Marriott International by 2.9% in the 2nd quarter. State Street Corp now owns 9,644,773 shares of the company’s stock valued at $3,574,256,000 after buying an additional 272,044 shares during the period. Dimensional Fund Advisors LP lifted its stake in Marriott International by 0.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 727,472 shares of the company’s stock worth $237,893,000 after acquiring an additional 5,530 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in Marriott International by 5.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 664,123 shares of the company’s stock valued at $236,209,000 after acquiring an additional 36,765 shares during the period. Swiss National Bank boosted its holdings in Marriott International by 5.9% during the 1st quarter. Swiss National Bank now owns 669,398 shares of the company’s stock valued at $218,940,000 after acquiring an additional 37,080 shares during the period. Finally, Hsbc Holdings PLC boosted its holdings in Marriott International by 15.3% during the 2nd quarter. Hsbc Holdings PLC now owns 470,593 shares of the company’s stock valued at $174,311,000 after acquiring an additional 62,529 shares during the period. 70.70% of the stock is owned by institutional investors and hedge funds.

Marriott International Stock Up 0.2%

NASDAQ:MAR opened at $429.18 on Thursday. Marriott International, Inc. has a 52-week low of $280.99 and a 52-week high of $433.30. The stock’s 50 day moving average price is $371.23 and its 200 day moving average price is $359.71. The company has a market capitalization of $110.52 billion, a PE ratio of 42.83, a P/E/G ratio of 3.07 and a beta of 1.15.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Monday, November 2nd. The company reported $3.02 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.18. The business 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 company’s revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.47 earnings per share. As a group, sell-side analysts anticipate that Marriott International, Inc. will post 12.10 EPS for the current fiscal year.

Marriott International Announces Dividend

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. The ex-dividend date is Thursday, November 19th. This represents a $2.92 dividend on an annualized basis and a yield of 0.7%. Marriott International’s dividend payout ratio is currently 29.14%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. BMO Capital Markets cut their price target on shares of Marriott International from $410.00 to $395.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 4th. Erste Group Bank initiated coverage on shares of Marriott International in a research report on Thursday, August 27th. They set a “buy” rating on the stock. Wolfe Research assumed coverage on shares of Marriott International in a research note on Wednesday, September 2nd. They issued a “hold” rating for the company. Mizuho dropped their price objective on shares of Marriott International from $384.00 to $374.00 and set a “neutral” rating for the company in a report on Tuesday, August 4th. Finally, Argus cut their price target on Marriott International from $445.00 to $425.00 and set a “buy” rating on the stock in a report on Friday, August 14th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $399.04.

Insider Activity at Marriott International

In other Marriott International news, CEO Anthony Capuano sold 63,355 shares of the firm’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $420.12, for a total transaction of $26,616,702.60. Following the transaction, the chief executive officer directly owned 50,867 shares of the company’s stock, valued at approximately $21,370,244.04. This trade represents a 55.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider David Marriott sold 3,500 shares of Marriott International 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 completion of the transaction, the insider owned 282,383 shares in the company, valued at approximately $99,424,230.47. This represents a 1.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 77,824 shares of company stock worth $32,243,110 in the last three months. Company insiders own 11.43% of the company’s stock.

About Marriott International

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.