Marriott International, Inc. (NASDAQ:MAR) Shares Bought by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. raised its holdings in Marriott International, Inc. (NASDAQ:MAR – Get Rating) by 305.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,810 shares of the company’s stock after buying an additional 9,648 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Marriott International were worth $1,796,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in MAR. Arrowstreet Capital Limited Partnership increased its position in shares of Marriott International by 1,066.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,157,619 shares of the company’s stock worth $379,202,000 after purchasing an additional 1,972,684 shares in the last quarter. Renaissance Technologies LLC increased its position in Marriott International by 200.6% in the 2nd quarter. Renaissance Technologies LLC now owns 1,594,216 shares of the company’s stock valued at $216,829,000 after acquiring an additional 1,063,800 shares during the period. Price T Rowe Associates Inc. MD increased its position in Marriott International by 32.1% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 4,350,364 shares of the company’s stock valued at $591,693,000 after acquiring an additional 1,055,986 shares during the period. HS Management Partners LLC acquired a new position in Marriott International in the 3rd quarter valued at about $91,541,000. Finally, Prudential Financial Inc. increased its position in Marriott International by 248.3% in the 2nd quarter. Prudential Financial Inc. now owns 859,470 shares of the company’s stock valued at $116,897,000 after acquiring an additional 612,702 shares during the period. Institutional investors and hedge funds own 58.97% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MAR. StockNews.com began coverage on Marriott International in a research report on Thursday. They issued a “buy” rating on the stock. Redburn Partners initiated coverage on Marriott International in a report on Wednesday, November 30th. They issued a “sell” rating on the stock. Wells Fargo & Company lifted their price objective on Marriott International from $182.00 to $189.00 and gave the company an “overweight” rating in a report on Thursday, February 2nd. Citigroup lowered Marriott International from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $170.00 to $175.00 in a report on Wednesday, December 14th. Finally, Morgan Stanley lifted their price objective on Marriott International from $193.00 to $195.00 and gave the company an “overweight” rating in a report on Wednesday, February 15th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $180.50.

Marriott International Price Performance

Shares of NASDAQ:MAR opened at $158.77 on Friday. The business’s 50 day simple moving average is $168.89 and its 200-day simple moving average is $158.69. The firm has a market capitalization of $48.92 billion, a price-to-earnings ratio of 21.87, a price-to-earnings-growth ratio of 0.69 and a beta of 1.58. The company has a debt-to-equity ratio of 16.51, a current ratio of 0.45 and a quick ratio of 0.45. Marriott International, Inc. has a 12 month low of $131.01 and a 12 month high of $195.90.

Marriott International (NASDAQ:MAR – Get Rating) last posted its earnings results on Tuesday, February 14th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.84 by $0.12. Marriott International had a return on equity of 168.43% and a net margin of 11.35%. The firm had revenue of $5.92 billion for the quarter, compared to analyst estimates of $5.38 billion. During the same quarter in the prior year, the company earned $1.30 EPS. Marriott International’s revenue was up 33.2% on a year-over-year basis. As a group, equities analysts forecast that Marriott International, Inc. will post 7.73 earnings per share for the current fiscal year.

Marriott International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Friday, February 24th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, February 23rd. This represents a $1.60 dividend on an annualized basis and a yield of 1.01%. This is a positive change from Marriott International’s previous quarterly dividend of $0.30. Marriott International’s dividend payout ratio is presently 22.04%.

Insider Activity at Marriott International

In other Marriott International news, insider Rajeev Menon sold 6,000 shares of the business’s stock in a transaction on Tuesday, March 7th. The stock was sold at an average price of $176.17, for a total value of $1,057,020.00. Following the completion of the transaction, the insider now directly owns 12,000 shares in the company, valued at approximately $2,114,040. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Marriott International news, insider Rajeev Menon sold 6,000 shares of the business’s stock in a transaction on Tuesday, March 7th. The stock was sold at an average price of $176.17, for a total value of $1,057,020.00. Following the completion of the transaction, the insider now directly owns 12,000 shares in the company, valued at approximately $2,114,040. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider William P. Brown sold 2,500 shares of the business’s stock in a transaction on Friday, February 24th. The shares were sold at an average price of $170.03, for a total value of $425,075.00. Following the completion of the transaction, the insider now owns 17,738 shares of the company’s stock, valued at $3,015,992.14. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,086 shares of company stock valued at $3,860,436. 12.21% of the stock is owned by corporate insiders.

About Marriott International

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Marriott International, Inc engages in the operation and franchise of hotel, residential, and timeshare properties. It operates through the following geography segments: U.S. & Canada, Asia Pacific, and Europe, Middle East and Africa (EMEA). The company was founded by J. Willard Marriott and Alice Sheets Marriott in 1927 and is headquartered in Bethesda, MD.