American National Bank Has $6.04 Million Holdings in Marriott International, Inc. (NASDAQ:MAR)

American National Bank raised its position in Marriott International, Inc. (NASDAQ:MAR) by 54.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,885 shares of the company’s stock after acquiring an additional 11,597 shares during the period. American National Bank’s holdings in Marriott International were worth $6,041,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in MAR. First Bank & Trust lifted its position in shares of Marriott International by 4.8% during the 2nd quarter. First Bank & Trust now owns 1,481 shares of the company’s stock worth $272,000 after buying an additional 68 shares during the period. Gradient Investments LLC lifted its position in shares of Marriott International by 9.7% during the 2nd quarter. Gradient Investments LLC now owns 760 shares of the company’s stock worth $140,000 after buying an additional 67 shares during the period. Level Four Advisory Services LLC lifted its holdings in Marriott International by 8.2% during the 2nd quarter. Level Four Advisory Services LLC now owns 1,544 shares of the company’s stock valued at $284,000 after purchasing an additional 117 shares during the last quarter. Tsfg LLC lifted its holdings in Marriott International by 384.6% during the 2nd quarter. Tsfg LLC now owns 1,008 shares of the company’s stock valued at $185,000 after purchasing an additional 800 shares during the last quarter. Finally, Moody National Bank Trust Division raised its position in Marriott International by 3.8% in the 2nd quarter. Moody National Bank Trust Division now owns 5,936 shares of the company’s stock valued at $1,090,000 after purchasing an additional 218 shares during the last quarter. Institutional investors and hedge funds own 58.79% of the company’s stock.

Marriott International Price Performance

Shares of MAR opened at $200.68 on Tuesday. The company has a debt-to-equity ratio of 73.56, a quick ratio of 0.46 and a current ratio of 0.46. The stock has a 50 day simple moving average of $200.47 and a 200 day simple moving average of $181.87. The firm has a market capitalization of $59.85 billion, a PE ratio of 22.62, a P/E/G ratio of 1.38 and a beta of 1.59. Marriott International, Inc. has a 52-week low of $135.90 and a 52-week high of $210.98.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Tuesday, August 1st. The company reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $2.19 by $0.07. Marriott International had a return on equity of 649.26% and a net margin of 12.15%. The firm had revenue of $6.08 billion for the quarter, compared to analyst estimates of $5.98 billion. During the same quarter last year, the company earned $1.80 EPS. The company’s revenue was up 13.8% on a year-over-year basis. Sell-side analysts predict that Marriott International, Inc. will post 8.64 EPS for the current fiscal year.

Marriott International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 17th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 1.04%. The ex-dividend date is Wednesday, August 16th. Marriott International’s dividend payout ratio is currently 23.45%.

Wall Street Analyst Weigh In

MAR has been the subject of several research analyst reports. Morgan Stanley lifted their price objective on Marriott International from $208.00 to $225.00 and gave the company an “overweight” rating in a research report on Wednesday, August 2nd. Barclays boosted their target price on shares of Marriott International from $189.00 to $208.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 2nd. Argus boosted their target price on shares of Marriott International from $208.00 to $232.00 and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. Wells Fargo & Company boosted their target price on Marriott International from $212.00 to $222.00 and gave the stock an “overweight” rating in a research report on Monday, August 7th. Finally, BMO Capital Markets boosted their target price on Marriott International from $192.00 to $210.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $211.08.

Insider Buying and Selling at Marriott International

In other news, CFO Kathleen K. Oberg sold 13,584 shares of Marriott International stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $207.56, for a total value of $2,819,495.04. Following the transaction, the chief financial officer now owns 16,641 shares in the company, valued at approximately $3,454,005.96. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Marriott International news, Director Eric Hippeau sold 4,300 shares of the company’s stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $174.39, for a total value of $749,877.00. Following the completion of the transaction, the director now owns 4,072 shares of the company’s stock, valued at approximately $710,116.08. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Kathleen K. Oberg sold 13,584 shares of the stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $207.56, for a total value of $2,819,495.04. Following the completion of the transaction, the chief financial officer now owns 16,641 shares of the company’s stock, valued at $3,454,005.96. The disclosure for this sale can be found here. Insiders have sold a total of 103,723 shares of company stock valued at $21,070,240 in the last ninety days. 12.32% of the stock is currently owned by company insiders.

Marriott International Company Profile

Marriott International, Inc operates, franchises, and licenses hotel, residential, timeshare, and other lodging properties worldwide. The company operates through U.S. and Canada, and International segments. It operates its properties under the JW Marriott, The Ritz-Carlton, Ritz-Carlton Reserve, W Hotels, The Luxury Collection, St.