UMB Bank n.a. Decreases Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

UMB Bank n.a. trimmed its holdings in Marriott International, Inc. (NASDAQ:MAR) by 6.0% during the fourth quarter, HoldingsChannel reports. The firm owned 51,492 shares of the company’s stock after selling 3,268 shares during the period. UMB Bank n.a.’s holdings in Marriott International were worth $14,363,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of MAR. Silvant Capital Management LLC acquired a new stake in shares of Marriott International during the 3rd quarter worth approximately $31,000. Darwin Wealth Management LLC acquired a new stake in shares of Marriott International during the 3rd quarter worth approximately $33,000. ORG Partners LLC increased its holdings in shares of Marriott International by 158.5% during the 4th quarter. ORG Partners LLC now owns 137 shares of the company’s stock worth $38,000 after buying an additional 84 shares during the last quarter. Cyrus J. Lawrence LLC acquired a new stake in shares of Marriott International during the 2nd quarter worth approximately $36,000. Finally, Kathleen S. Wright Associates Inc. acquired a new stake in shares of Marriott International during the 3rd quarter worth approximately $40,000. 70.70% of the stock is owned by hedge funds and other institutional investors.

Marriott International Stock Performance

NASDAQ MAR opened at $277.18 on Monday. The firm has a market cap of $77.03 billion, a PE ratio of 28.99, a P/E/G ratio of 4.48 and a beta of 1.57. Marriott International, Inc. has a one year low of $204.55 and a one year high of $295.45. The firm’s fifty day moving average is $282.53 and its two-hundred day moving average is $256.02.

Marriott International (NASDAQ:MAR) last issued 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 firm had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.27 billion. During the same quarter last year, the firm earned $2.11 earnings per share. The company’s revenue was up 5.5% compared to the same quarter last year. Research analysts predict that Marriott International, Inc. will post 9.25 earnings per share for the current year.

Marriott International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Thursday, November 21st were given a dividend of $0.63 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.52 annualized dividend and a yield of 0.91%. Marriott International’s payout ratio is currently 26.36%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on MAR shares. Argus raised their price target on shares of Marriott International from $300.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday. Evercore ISI lifted their target price on shares of Marriott International from $245.00 to $270.00 and gave the company an “in-line” rating in a report on Monday, October 21st. Robert W. Baird lifted their target price on shares of Marriott International from $258.00 to $264.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. TD Cowen dropped their target price on shares of Marriott International from $295.00 to $283.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Finally, Macquarie reiterated a “neutral” rating and issued a $245.00 target price on shares of Marriott International in a report on Tuesday, November 5th. Fourteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $272.15.

Insiders Place Their Bets

In other Marriott International news, CAO Felitia Lee sold 916 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $276.48, for a total value of $253,255.68. Following the sale, the chief accounting officer now owns 5,609 shares of the company’s stock, valued at $1,550,776.32. This represents a 14.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Benjamin T. Breland sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $274.49, for a total transaction of $137,245.00. Following the transaction, the executive vice president now directly owns 12,286 shares in the company, valued at $3,372,384.14. The trade was a 3.91 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,815 shares of company stock worth $3,919,739. 10.07% 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.