Yousif Capital Management LLC Sells 4,048 Shares of Marriott International, Inc. (NASDAQ:MAR)

Yousif Capital Management LLC reduced its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 11.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,518 shares of the company’s stock after selling 4,048 shares during the quarter. Yousif Capital Management LLC’s holdings in Marriott International were worth $8,513,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Jensen Investment Management Inc. acquired a new position in shares of Marriott International in the 3rd quarter valued at approximately $793,000. BayBridge Capital Group LLC acquired a new position in Marriott International during the third quarter valued at approximately $1,254,000. Sumitomo Mitsui Trust Group Inc. lifted its stake in Marriott International by 0.5% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 566,548 shares of the company’s stock worth $140,844,000 after purchasing an additional 2,723 shares during the last quarter. Oddo BHF Asset Management Sas bought a new position in shares of Marriott International in the 3rd quarter valued at $2,721,000. Finally, Kinsale Capital Group Inc. bought a new stake in shares of Marriott International during the 3rd quarter worth $3,769,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Robert W. Baird boosted their target price on Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Bank of America increased their price objective on shares of Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 21st. The Goldman Sachs Group upped their price target on shares of Marriott International from $280.00 to $314.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Wells Fargo & Company boosted their price objective on Marriott International from $262.00 to $285.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Finally, Mizuho lifted their price target on Marriott International from $233.00 to $246.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Thirteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Marriott International presently has an average rating of “Hold” and an average price target of $276.35.

Marriott International Trading Up 0.6 %

MAR stock opened at $292.39 on Thursday. Marriott International, Inc. has a 1-year low of $204.55 and a 1-year high of $295.45. The stock has a 50-day moving average price of $283.16 and a 200-day moving average price of $259.75. The firm has a market cap of $81.25 billion, a PE ratio of 30.58, a price-to-earnings-growth ratio of 4.68 and a beta of 1.57.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Monday, November 4th. The company reported $2.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The business had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.27 billion. During the same quarter in the previous year, the company posted $2.11 earnings per share. Marriott International’s quarterly revenue was up 5.5% on a year-over-year basis. On average, analysts forecast that Marriott International, Inc. will post 9.26 earnings per share for the current year.

Insider Buying and Selling

In other Marriott International news, insider William P. Brown sold 1,707 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $284.30, for a total value of $485,300.10. Following the completion of the sale, the insider now owns 23,077 shares of the company’s stock, valued at approximately $6,560,791.10. This trade represents a 6.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Kathleen K. Oberg sold 2,360 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $285.41, for a total value of $673,567.60. Following the transaction, the chief financial officer now directly owns 39,726 shares in the company, valued at $11,338,197.66. The trade was a 5.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,399 shares of company stock valued at $3,529,238 over the last ninety days. 10.07% of the stock is owned by corporate insiders.

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.