Gillespie Robinson & Grimm Inc. trimmed its position in shares of Marriott International Inc (NASDAQ:MAR) by 0.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 83,135 shares of the company’s stock after selling 765 shares during the period. Gillespie Robinson & Grimm Inc.’s holdings in Marriott International were worth $10,339,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of MAR. Kohmann Bosshard Financial Services LLC bought a new position in shares of Marriott International during the third quarter valued at approximately $352,000. Cerebellum GP LLC bought a new position in Marriott International in the 3rd quarter worth $455,000. Douglass Winthrop Advisors LLC bought a new position in Marriott International in the 3rd quarter worth $231,000. TIAA FSB raised its holdings in Marriott International by 2.4% in the 3rd quarter. TIAA FSB now owns 22,101 shares of the company’s stock worth $2,749,000 after purchasing an additional 525 shares in the last quarter. Finally, First Hawaiian Bank raised its holdings in Marriott International by 3.3% in the 3rd quarter. First Hawaiian Bank now owns 13,023 shares of the company’s stock worth $1,620,000 after purchasing an additional 420 shares in the last quarter. 63.21% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Craig S. Smith sold 14,915 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $128.20, for a total value of $1,912,103.00. Following the completion of the transaction, the insider now owns 18,062 shares of the company’s stock, valued at $2,315,548.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director George Munoz sold 4,866 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $133.61, for a total value of $650,146.26. Following the completion of the transaction, the director now directly owns 6,754 shares of the company’s stock, valued at approximately $902,401.94. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,157 shares of company stock valued at $3,008,421. Company insiders own 12.60% of the company’s stock.

NASDAQ MAR traded down $0.24 during trading hours on Thursday, hitting $118.25. 536,422 shares of the company’s stock traded hands, compared to its average volume of 1,995,146. Marriott International Inc has a 52 week low of $100.62 and a 52 week high of $144.24. The business’s fifty day moving average price is $125.99 and its two-hundred day moving average price is $131.73. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 8.93. The firm has a market capitalization of $39.26 billion, a P/E ratio of 19.04, a P/E/G ratio of 2.67 and a beta of 1.28.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Monday, August 5th. The company reported $1.56 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.56. The firm had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.50 billion. Marriott International had a net margin of 6.81% and a return on equity of 113.75%. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.73 EPS. On average, sell-side analysts expect that Marriott International Inc will post 6.03 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, August 22nd were given a $0.48 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.62%. Marriott International’s payout ratio is currently 30.92%.

A number of research firms recently issued reports on MAR. BidaskClub downgraded shares of Marriott International from a “sell” rating to a “strong sell” rating in a research note on Friday, September 27th. Morgan Stanley increased their price target on shares of Marriott International from $123.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 7th. Longbow Research lowered Marriott International from a “buy” rating to a “neutral” rating in a research report on Monday, July 15th. JPMorgan Chase & Co. decreased their target price on Marriott International from $134.00 to $128.00 and set a “neutral” rating for the company in a research report on Friday, September 6th. Finally, Sanford C. Bernstein initiated coverage on Marriott International in a research report on Wednesday, September 11th. They issued a “market perform” rating and a $136.00 target price for the company. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $134.71.

Marriott International Company Profile

Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through North American Full-Service, North American Limited-Service, and Asia Pacific segments. It operates its properties under the JW Marriott, The Ritz-Carlton, Ritz-Carlton Reserve, W Hotels, The Luxury Collection, St.

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Institutional Ownership by Quarter for Marriott International (NASDAQ:MAR)

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