Marriott International, Inc. (NASDAQ:MAR) Stock Holdings Lifted by First Fiduciary Investment Counsel Inc.

First Fiduciary Investment Counsel Inc. increased its position in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 37.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 54,417 shares of the company's stock after acquiring an additional 14,780 shares during the period. Marriott International makes up 2.7% of First Fiduciary Investment Counsel Inc.'s portfolio, making the stock its 13th biggest position. First Fiduciary Investment Counsel Inc.'s holdings in Marriott International were worth $13,528,000 at the end of the most recent quarter.

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Other large investors have also modified their holdings of the company. Harbor Capital Advisors Inc. lifted its stake in Marriott International by 0.4% in the third quarter. Harbor Capital Advisors Inc. now owns 8,698 shares of the company's stock valued at $2,162,000 after acquiring an additional 38 shares during the last quarter. Rockland Trust Co. lifted its stake in shares of Marriott International by 2.3% in the second quarter. Rockland Trust Co. now owns 1,802 shares of the company's stock worth $436,000 after buying an additional 41 shares during the last quarter. Park Avenue Securities LLC lifted its stake in shares of Marriott International by 1.4% in the second quarter. Park Avenue Securities LLC now owns 3,298 shares of the company's stock worth $797,000 after buying an additional 46 shares during the last quarter. SeaCrest Wealth Management LLC raised its stake in Marriott International by 1.5% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 3,075 shares of the company's stock valued at $743,000 after purchasing an additional 46 shares during the last quarter. Finally, Quent Capital LLC raised its stake in Marriott International by 7.9% during the 1st quarter. Quent Capital LLC now owns 644 shares of the company's stock valued at $162,000 after purchasing an additional 47 shares during the last quarter. Institutional investors and hedge funds own 70.70% of the company's stock.

Insider Buying and Selling at Marriott International

In other news, CAO Felitia Lee sold 916 shares of the firm's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $276.48, for a total value of $253,255.68. Following the transaction, the chief accounting officer now owns 5,609 shares of the company's stock, valued at approximately $1,550,776.32. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CAO Felitia Lee sold 916 shares of the firm's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $276.48, for a total value of $253,255.68. Following the transaction, the chief accounting officer now owns 5,609 shares of the company's stock, valued at approximately $1,550,776.32. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Benjamin T. Breland sold 500 shares of the firm's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $274.49, for a total transaction of $137,245.00. Following the completion of the transaction, the executive vice president now directly owns 12,286 shares in the company, valued at $3,372,384.14. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 12.32% of the company's stock.

Wall Street Analysts Forecast Growth

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MAR has been the subject of several research analyst reports. Truist Financial cut their target price on shares of Marriott International from $263.00 to $254.00 and set a "hold" rating for the company in a research note on Tuesday, August 6th. Robert W. Baird upped their target price on shares of Marriott International from $258.00 to $264.00 and gave the company a "neutral" rating in a research note on Tuesday. JPMorgan Chase & Co. upped their target price on shares of Marriott International from $235.00 to $255.00 and gave the company a "neutral" rating in a research note on Friday, July 19th. UBS Group lowered their price target 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, 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 report on Thursday, August 1st. Thirteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Marriott International currently has a consensus rating of "Hold" and a consensus price target of $259.00.

View Our Latest Research Report on Marriott International

Marriott International Trading Up 1.1 %

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MAR opened at $280.80 on Friday. The stock has a market capitalization of $78.03 billion, a PE ratio of 29.37, a PEG ratio of 6.05 and a beta of 1.58. Marriott International, Inc. has a 1-year low of $192.27 and a 1-year high of $282.80. The firm has a 50-day moving average price of $251.24 and a two-hundred day moving average price of $240.26.

Marriott International (NASDAQ:MAR - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The company reported $2.26 earnings per share for the quarter, missing the consensus estimate of $2.31 by ($0.05). The company had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.27 billion. Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The company's revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.11 EPS. On average, research analysts predict that Marriott International, Inc. will post 9.27 EPS for the current year.

Marriott International Announces Dividend

The business also recently disclosed 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 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend is Thursday, November 21st. Marriott International's payout ratio is presently 26.36%.

Marriott International Company 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.

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