Skandinaviska Enskilda Banken AB publ Sells 1,391 Shares of Marriott International, Inc. (NASDAQ:MAR)

Skandinaviska Enskilda Banken AB publ trimmed its holdings in Marriott International, Inc. (NASDAQ:MAR) by 2.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 49,238 shares of the company’s stock after selling 1,391 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Marriott International were worth $13,796,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Hopwood Financial Services Inc. bought a new stake in shares of Marriott International in the fourth quarter valued at about $25,000. Bell Investment Advisors Inc lifted its position in shares of Marriott International by 112.2% in the 4th quarter. Bell Investment Advisors Inc now owns 104 shares of the company’s stock worth $29,000 after acquiring an additional 55 shares during the period. Sound Income Strategies LLC lifted its position in shares of Marriott International by 494.4% in the 4th quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock worth $30,000 after acquiring an additional 89 shares during the period. Darwin Wealth Management LLC bought a new position in Marriott International in the third quarter worth $33,000. Finally, Wingate Wealth Advisors Inc. bought a new position in Marriott International in the fourth quarter worth $33,000. 70.70% of the stock is owned by institutional investors.

Insider Transactions at Marriott International

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on MAR shares. Morgan Stanley raised their price objective on shares of Marriott International from $289.00 to $298.00 and gave the stock an “overweight” rating in a report on Tuesday, March 4th. Stifel Nicolaus raised their price target on shares of Marriott International from $252.00 to $283.00 and gave the stock a “hold” rating in a research note on Tuesday, November 26th. Jefferies Financial Group raised their price target on shares of Marriott International from $251.00 to $295.00 and gave the stock a “hold” rating in a research note on Thursday, January 2nd. Evercore ISI upgraded Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 target price for the company in a research report on Tuesday, February 4th. Finally, Wells Fargo & Company cut their target price on Marriott International from $285.00 to $277.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 18th. Thirteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $286.45.

Marriott International Stock Up 2.5 %

MAR stock opened at $243.11 on Friday. The business has a fifty day moving average of $278.37 and a 200-day moving average of $269.37. The company has a market cap of $67.02 billion, a P/E ratio of 29.22, a PEG ratio of 3.42 and a beta of 1.58. Marriott International, Inc. has a twelve month low of $204.55 and a twelve month high of $307.52.

Marriott International (NASDAQ:MAR) last released its earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.08. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. As a group, equities research analysts anticipate that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, February 27th will be given 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 is Thursday, February 27th. Marriott International’s payout ratio is 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.