Choreo LLC Trims Stake in Marriott International, Inc. (NASDAQ:MAR)

Choreo LLC trimmed its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 0.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 29,690 shares of the company’s stock after selling 96 shares during the quarter. Choreo LLC’s holdings in Marriott International were worth $8,307,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sound Income Strategies LLC raised its holdings in shares of Marriott International by 494.4% in the fourth quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock worth $30,000 after buying an additional 89 shares during the period. Silvant Capital Management LLC bought a new stake in Marriott International during the 3rd quarter valued at about $31,000. Darwin Wealth Management LLC purchased a new stake in Marriott International in the 3rd quarter valued at about $33,000. ORG Partners LLC increased its position in shares of Marriott International by 158.5% during the fourth quarter. ORG Partners LLC now owns 137 shares of the company’s stock worth $38,000 after acquiring an additional 84 shares during the period. Finally, Heck Capital Advisors LLC bought a new stake in shares of Marriott International during the fourth quarter valued at approximately $38,000. 70.70% of the stock is owned by hedge funds and other institutional investors.

Marriott International Trading Up 0.1 %

NASDAQ:MAR opened at $290.75 on Wednesday. The firm has a fifty day simple moving average of $283.16 and a 200-day simple moving average of $259.75. Marriott International, Inc. has a 12 month low of $204.55 and a 12 month high of $295.45. The company has a market capitalization of $80.80 billion, a P/E ratio of 30.41, a PEG ratio of 4.68 and a beta of 1.57.

Marriott International (NASDAQ:MAR) last released its earnings results on Monday, November 4th. The company reported $2.26 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 period last year, the firm earned $2.11 EPS. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. Equities analysts forecast that Marriott International, Inc. will post 9.26 EPS for the current year.

Marriott International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st were paid a $0.63 dividend. 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 0.87%. Marriott International’s payout ratio is currently 26.36%.

Insider Buying and Selling

In related news, CEO Anthony Capuano sold 8,332 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $284.49, for a total transaction of $2,370,370.68. Following the sale, the chief executive officer now directly owns 108,361 shares of the company’s stock, valued at approximately $30,827,620.89. This represents a 7.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Felitia Lee sold 916 shares of Marriott International stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $276.48, for a total transaction of $253,255.68. Following the completion of the transaction, the chief accounting officer now directly owns 5,609 shares of the company’s stock, valued at $1,550,776.32. The trade was a 14.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,315 shares of company stock valued at $3,782,494 over the last 90 days. Insiders own 10.07% of the company’s stock.

Wall Street Analysts Forecast Growth

MAR has been the topic of several research reports. Robert W. Baird raised their price objective on Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. TD Cowen lowered their price objective on shares of Marriott International from $295.00 to $283.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. The Goldman Sachs Group raised their target price on shares of Marriott International from $280.00 to $314.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Sanford C. Bernstein upped their price target on shares of Marriott International from $262.00 to $290.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Finally, Jefferies Financial Group lifted their price objective on shares of Marriott International from $251.00 to $295.00 and gave the company a “hold” rating in a report on Thursday, January 2nd. Thirteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Marriott International has an average rating of “Hold” and a consensus price target of $276.35.

About Marriott International

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.