Lbp Am Sa Lowers Stock Position in Marriott International, Inc. (NASDAQ:MAR)

Lbp Am Sa lowered its position in Marriott International, Inc. (NASDAQ:MAR) by 4.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,105 shares of the company’s stock after selling 263 shares during the period. Lbp Am Sa’s holdings in Marriott International were worth $1,424,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hopwood Financial Services Inc. bought a new position in Marriott International during the fourth quarter valued at about $25,000. Bell Investment Advisors Inc grew its position in Marriott International by 112.2% during the fourth quarter. Bell Investment Advisors Inc now owns 104 shares of the company’s stock valued at $29,000 after buying an additional 55 shares during the period. Sound Income Strategies LLC grew its position in Marriott International by 494.4% during the fourth quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock valued at $30,000 after buying an additional 89 shares during the period. Darwin Wealth Management LLC bought a new position in Marriott International during the third quarter valued at about $33,000. Finally, Wingate Wealth Advisors Inc. bought a new position in Marriott International during the fourth quarter valued at about $33,000. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MAR. JPMorgan Chase & Co. increased their price target on shares of Marriott International from $251.00 to $269.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Mizuho increased their target price on shares of Marriott International from $246.00 to $293.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Stifel Nicolaus increased their target price on shares of Marriott International from $252.00 to $283.00 and gave the stock a “hold” rating in a research report on Tuesday, November 26th. Barclays cut their target price on shares of Marriott International from $287.00 to $283.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. Finally, UBS Group increased their target price on shares of Marriott International from $294.00 to $301.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Thirteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Marriott International currently has an average rating of “Hold” and an average target price of $286.45.

Insider Transactions at Marriott International

In related news, CFO Kathleen K. Oberg sold 14,498 shares of Marriott International stock in a transaction on Friday, February 21st. The shares were sold at an average price of $278.07, for a total value of $4,031,458.86. Following the sale, the chief financial officer now owns 14,282 shares in the company, valued at $3,971,395.74. The trade was a 50.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Susan C. Schwab sold 1,054 shares of Marriott International stock in a transaction on Monday, February 24th. The shares were sold at an average price of $277.48, for a total transaction of $292,463.92. Following the completion of the sale, the director now owns 4,551 shares in the company, valued at approximately $1,262,811.48. This trade represents a 18.80 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 31,694 shares of company stock worth $8,938,132. Insiders own 12.32% of the company’s stock.

Marriott International Price Performance

Shares of MAR opened at $243.11 on Friday. The firm’s 50 day simple moving average is $278.37 and its 200 day simple moving average is $269.66. The company has a market capitalization of $67.02 billion, a P/E ratio of 29.22, a P/E/G ratio of 3.42 and a beta of 1.58. Marriott International, Inc. has a 1-year low of $204.55 and a 1-year high of $307.52.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $2.45 EPS for the quarter, topping the consensus estimate of $2.37 by $0.08. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. On average, equities analysts anticipate that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, February 27th will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Thursday, February 27th. Marriott International’s dividend payout ratio (DPR) is presently 30.29%.

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.