Hudson Value Partners LLC Sells 450 Shares of Marriott International, Inc. (NASDAQ:MAR)

Hudson Value Partners LLC trimmed its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 8.7% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 4,725 shares of the company’s stock after selling 450 shares during the quarter. Hudson Value Partners LLC’s holdings in Marriott International were worth $1,175,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of MAR. JPMorgan Chase & Co. lifted its stake in Marriott International by 1.8% in the 1st quarter. JPMorgan Chase & Co. now owns 10,616,899 shares of the company’s stock valued at $2,678,750,000 after purchasing an additional 192,652 shares during the last quarter. Capital International Investors raised its holdings in Marriott International by 4.7% in the 1st quarter. Capital International Investors now owns 3,296,879 shares of the company’s stock valued at $831,836,000 after buying an additional 149,378 shares during the last quarter. National Pension Service grew its holdings in Marriott International by 11.6% during the 3rd quarter. National Pension Service now owns 719,613 shares of the company’s stock worth $178,896,000 after acquiring an additional 74,832 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Marriott International by 5.1% during the second quarter. Dimensional Fund Advisors LP now owns 679,757 shares of the company’s stock worth $164,355,000 after purchasing an additional 33,149 shares during the period. Finally, First Pacific Advisors LP lifted its holdings in Marriott International by 2.1% during the 2nd quarter. First Pacific Advisors LP now owns 613,205 shares of the company’s stock worth $148,255,000 after buying an additional 12,499 shares during the period. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Marriott International

In related news, EVP Benjamin T. Breland sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $274.49, for a total transaction of $137,245.00. Following the sale, the executive vice president now owns 12,286 shares of the company’s stock, valued at approximately $3,372,384.14. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 12.32% of the company’s stock.

Marriott International Trading Up 0.5 %

NASDAQ:MAR opened at $277.68 on Friday. The firm’s 50 day moving average is $249.39 and its 200 day moving average is $239.69. Marriott International, Inc. has a 12 month low of $192.04 and a 12 month high of $278.50. The stock has a market capitalization of $78.17 billion, a PE ratio of 29.05, a price-to-earnings-growth ratio of 6.21 and a beta of 1.58.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Monday, November 4th. The company reported $2.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). The firm had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.27 billion. Marriott International had a net margin of 11.18% and a negative return on equity of 207.04%. The company’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.11 earnings per share. Research analysts predict that Marriott International, Inc. will post 9.27 earnings per share for the current year.

Marriott International Announces Dividend

The business also recently announced 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. This represents a $2.52 annualized dividend and a yield of 0.91%. Marriott International’s dividend payout ratio is currently 26.36%.

Analysts Set New Price Targets

Several research firms have issued reports on MAR. Bank of America raised their price target on shares of Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Wells Fargo & Company boosted their price objective on Marriott International from $238.00 to $261.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 22nd. Morgan Stanley reduced their price objective on shares of Marriott International from $268.00 to $250.00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Marriott International from $222.00 to $216.00 and set a “hold” rating on the stock in a research note on Thursday, August 1st. Finally, Evercore ISI raised their target price 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. Thirteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price 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.