Delta Asset Management LLC TN Sells 549 Shares of Marriott International, Inc. (NASDAQ:MAR)

Delta Asset Management LLC TN reduced its position in Marriott International, Inc. (NASDAQ:MAR) by 13.1% in the 4th quarter, Holdings Channel reports. The firm owned 3,628 shares of the company’s stock after selling 549 shares during the quarter. Delta Asset Management LLC TN’s holdings in Marriott International were worth $1,012,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Great Valley Advisor Group Inc. raised its holdings in shares of Marriott International by 3.5% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 1,578 shares of the company’s stock worth $392,000 after buying an additional 53 shares in the last quarter. Swedbank AB grew its position in Marriott International by 6.1% in the third quarter. Swedbank AB now owns 63,386 shares of the company’s stock valued at $15,758,000 after acquiring an additional 3,635 shares during the period. Larson Financial Group LLC lifted its holdings in shares of Marriott International by 10.8% during the third quarter. Larson Financial Group LLC now owns 379 shares of the company’s stock valued at $94,000 after acquiring an additional 37 shares during the period. Brown Brothers Harriman & Co. boosted its stake in shares of Marriott International by 7.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 4,456 shares of the company’s stock valued at $1,108,000 after purchasing an additional 291 shares in the last quarter. Finally, Private Trust Co. NA grew its holdings in shares of Marriott International by 3.9% in the 3rd quarter. Private Trust Co. NA now owns 3,008 shares of the company’s stock worth $748,000 after purchasing an additional 113 shares during the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Stock Up 0.1 %

NASDAQ:MAR opened at $246.72 on Thursday. The stock’s fifty day simple moving average is $273.76 and its 200-day simple moving average is $270.43. The firm has a market capitalization of $68.02 billion, a P/E ratio of 29.65, a P/E/G ratio of 3.42 and a beta of 1.58. Marriott International, Inc. has a 12-month low of $204.55 and a 12-month high of $307.52.

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

Marriott International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, February 27th will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date is Thursday, February 27th. Marriott International’s dividend payout ratio is currently 30.29%.

Analysts Set New Price Targets

MAR has been the topic of a number of recent analyst reports. Barclays reduced their price target on shares of Marriott International from $287.00 to $283.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 12th. Evercore ISI raised Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 target price on the stock in a report on Tuesday, February 4th. Susquehanna raised their price target on Marriott International from $255.00 to $285.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. JPMorgan Chase & Co. boosted their price objective on Marriott International from $251.00 to $269.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Finally, Morgan Stanley lifted their price target on Marriott International from $289.00 to $298.00 and gave the company an “overweight” rating in a report on Tuesday, March 4th. Thirteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Marriott International currently has a consensus rating of “Hold” and an average price target of $286.05.

Insider Buying and Selling

In other Marriott International news, Director Susan C. Schwab sold 1,054 shares of the firm’s stock in a transaction that occurred 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 sale, the director now directly 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Kathleen K. Oberg sold 14,498 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $278.07, for a total transaction of $4,031,458.86. Following the completion of the transaction, the chief financial officer now owns 14,282 shares of the company’s stock, valued at $3,971,395.74. This trade represents a 50.38 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 31,694 shares of company stock valued at $8,938,132. 12.32% of the stock is owned by company 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.