Marriott International, Inc. (NASDAQ:MAR) Shares Purchased by Wedmont Private Capital

Wedmont Private Capital raised its holdings in Marriott International, Inc. (NASDAQ:MAR) by 9.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,690 shares of the company’s stock after acquiring an additional 318 shares during the quarter. Wedmont Private Capital’s holdings in Marriott International were worth $999,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of MAR. Fiduciary Alliance LLC purchased a new position in Marriott International in the fourth quarter valued at $691,000. Czech National Bank raised its position in Marriott International by 5.1% in the 4th quarter. Czech National Bank now owns 50,010 shares of the company’s stock valued at $13,950,000 after purchasing an additional 2,411 shares in the last quarter. Tilia Fiduciary Partners Inc. grew its position in shares of Marriott International by 2.8% during the fourth quarter. Tilia Fiduciary Partners Inc. now owns 9,760 shares of the company’s stock worth $2,723,000 after buying an additional 269 shares in the last quarter. Harbor Capital Advisors Inc. increased its stake in shares of Marriott International by 2.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 8,918 shares of the company’s stock worth $2,488,000 after buying an additional 220 shares during the period. Finally, Hilltop National Bank lifted its stake in Marriott International by 2.9% in the fourth quarter. Hilltop National Bank now owns 5,638 shares of the company’s stock worth $1,573,000 after acquiring an additional 157 shares during the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Stock Performance

Shares of Marriott International stock opened at $272.29 on Tuesday. The company has a market cap of $75.67 billion, a P/E ratio of 28.48, a PEG ratio of 5.47 and a beta of 1.57. The firm has a fifty day moving average of $282.31 and a two-hundred day moving average of $255.12. Marriott International, Inc. has a one year low of $204.55 and a one year high of $295.45.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Monday, November 4th. The company reported $2.26 earnings per share for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). The business had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.27 billion. Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. Marriott International’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.11 EPS. As a group, equities analysts predict that Marriott International, Inc. will post 9.26 earnings per share for the current year.

Marriott International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st were paid a dividend of $0.63 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.93%. Marriott International’s dividend payout ratio (DPR) is presently 26.36%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on MAR. BMO Capital Markets raised their price objective on shares of Marriott International from $255.00 to $265.00 and gave the company a “market perform” rating in a report on Tuesday, November 5th. Sanford C. Bernstein upped their price objective on Marriott International from $262.00 to $290.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Macquarie restated a “neutral” rating and set a $245.00 target price on shares of Marriott International in a research note on Tuesday, November 5th. Bank of America increased their price target 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. Finally, Stifel Nicolaus upped their target price on shares of Marriott International from $252.00 to $283.00 and gave the company a “hold” rating in a report on Tuesday, November 26th. Fourteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $269.65.

Insider Activity

In other Marriott International news, EVP Benjamin T. Breland sold 500 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total value of $137,245.00. Following the sale, the executive vice president now owns 12,286 shares of the company’s stock, valued at approximately $3,372,384.14. This represents a 3.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider William P. Brown sold 1,707 shares of Marriott International stock in a transaction 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 transaction, the insider now directly owns 23,077 shares of the company’s stock, valued at $6,560,791.10. This trade represents a 6.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,815 shares of company stock worth $3,919,739 in the last 90 days. 12.32% of the stock is currently owned by corporate insiders.

Marriott International 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.