Marietta Wealth Management LLC Sells 197 Shares of Marriott International, Inc. (NASDAQ:MAR)

Marietta Wealth Management LLC lessened its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 1.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,336 shares of the company’s stock after selling 197 shares during the period. Marietta Wealth Management LLC’s holdings in Marriott International were worth $4,135,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Grove Bank & Trust grew its holdings in Marriott International by 3.4% during the 4th quarter. Grove Bank & Trust now owns 1,307 shares of the company’s stock worth $295,000 after acquiring an additional 43 shares during the period. Argus Investors Counsel Inc. increased its holdings in Marriott International by 0.6% in the fourth quarter. Argus Investors Counsel Inc. now owns 7,731 shares of the company’s stock worth $1,743,000 after purchasing an additional 45 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its stake in Marriott International by 2.8% in the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,673 shares of the company’s stock valued at $377,000 after buying an additional 45 shares during the period. Capital Investment Advisors LLC boosted its holdings in shares of Marriott International by 0.9% during the 3rd quarter. Capital Investment Advisors LLC now owns 5,989 shares of the company’s stock worth $1,177,000 after buying an additional 52 shares in the last quarter. Finally, ORG Partners LLC grew its holdings in Marriott International by 72.6% in the fourth quarter. ORG Partners LLC now owns 126 shares of the company’s stock worth $29,000 after purchasing an additional 53 shares during the period. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on MAR. UBS Group boosted their target price on Marriott International from $210.00 to $259.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. Barclays raised their price target on shares of Marriott International from $234.00 to $239.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 14th. Jefferies Financial Group increased their price objective on Marriott International from $205.00 to $227.00 and gave the stock a “hold” rating in a research note on Tuesday, January 2nd. BMO Capital Markets upped their price target on Marriott International from $230.00 to $235.00 and gave the stock a “market perform” rating in a report on Wednesday, February 14th. Finally, Argus lifted their price objective on shares of Marriott International from $270.00 to $280.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. Eleven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Marriott International presently has a consensus rating of “Hold” and an average target price of $236.81.

Insider Activity

In other news, CEO Anthony Capuano sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $248.48, for a total value of $4,969,600.00. Following the completion of the sale, the chief executive officer now directly owns 93,323 shares in the company, valued at approximately $23,188,899.04. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Anthony Capuano sold 20,000 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $248.48, for a total value of $4,969,600.00. Following the completion of the sale, the chief executive officer now owns 93,323 shares of the company’s stock, valued at approximately $23,188,899.04. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Rena Hozore Reiss sold 3,563 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $240.39, for a total value of $856,509.57. Following the transaction, the executive vice president now owns 36,778 shares in the company, valued at $8,841,063.42. The disclosure for this sale can be found here. In the last three months, insiders have sold 125,003 shares of company stock worth $30,435,493. 10.07% of the stock is currently owned by insiders.

Marriott International Stock Performance

Marriott International stock traded down $1.38 during midday trading on Tuesday, reaching $247.03. 479,565 shares of the stock were exchanged, compared to its average volume of 1,414,661. The company’s fifty day moving average is $248.97 and its 200-day moving average is $224.60. The firm has a market cap of $71.38 billion, a PE ratio of 24.38, a PEG ratio of 1.83 and a beta of 1.62. Marriott International, Inc. has a 52 week low of $162.77 and a 52 week high of $260.57.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $3.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.12 by $1.45. The firm had revenue of $6.10 billion during the quarter, compared to the consensus estimate of $6.20 billion. Marriott International had a negative return on equity of 848.49% and a net margin of 13.00%. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the company posted $1.96 EPS. On average, sell-side analysts anticipate that Marriott International, Inc. will post 9.46 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, February 22nd were paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.84%. The ex-dividend date was Wednesday, February 21st. Marriott International’s dividend payout ratio (DPR) is currently 20.41%.

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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.