Rhumbline Advisers Has $120.43 Million Position in Marriott International, Inc. (NASDAQ:MAR)

Rhumbline Advisers cut its holdings in Marriott International, Inc. (NASDAQ:MAR) by 3.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 431,744 shares of the company’s stock after selling 13,398 shares during the quarter. Rhumbline Advisers owned about 0.16% of Marriott International worth $120,431,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of MAR. Exchange Traded Concepts LLC grew its position in shares of Marriott International by 126.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 972 shares of the company’s stock valued at $242,000 after purchasing an additional 542 shares during the period. Creative Planning boosted its position in Marriott International by 4.1% during the 3rd quarter. Creative Planning now owns 97,322 shares of the company’s stock worth $24,194,000 after acquiring an additional 3,840 shares during the last quarter. Bleakley Financial Group LLC boosted its position in Marriott International by 7.5% during the 3rd quarter. Bleakley Financial Group LLC now owns 5,728 shares of the company’s stock worth $1,424,000 after acquiring an additional 400 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Marriott International by 1.8% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 32,339 shares of the company’s stock worth $8,039,000 after acquiring an additional 566 shares during the last quarter. Finally, V Square Quantitative Management LLC boosted its position in Marriott International by 29.4% during the 3rd quarter. V Square Quantitative Management LLC now owns 2,550 shares of the company’s stock worth $634,000 after acquiring an additional 579 shares during the last quarter. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on MAR shares. The Goldman Sachs Group upped their price target on Marriott International from $280.00 to $314.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Evercore ISI raised Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 price target for the company in a research report on Tuesday, February 4th. Bank of America upped their price objective on Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Stifel Nicolaus upped their price objective on Marriott International from $252.00 to $283.00 and gave the stock a “hold” rating in a research note on Tuesday, November 26th. Finally, Argus upped their price objective on Marriott International from $300.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Thirteen analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $284.45.

Marriott International Price Performance

MAR stock opened at $283.52 on Friday. The stock has a market capitalization of $78.79 billion, a price-to-earnings ratio of 29.66, a PEG ratio of 4.88 and a beta of 1.57. The business’s fifty day moving average price is $284.12 and its two-hundred day moving average price is $262.57. Marriott International, Inc. has a fifty-two week low of $204.55 and a fifty-two week 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, topping the consensus estimate of $2.37 by $0.08. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. Research analysts expect that Marriott International, Inc. will post 9.26 EPS for the current year.

Marriott International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, February 27th will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 0.89%. The ex-dividend date is Thursday, February 27th. Marriott International’s dividend payout ratio (DPR) is presently 26.36%.

Insider Activity at Marriott International

In other news, insider William P. Brown sold 1,707 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $284.30, for a total transaction of $485,300.10. Following the completion of the transaction, the insider now directly owns 23,077 shares in the company, valued at $6,560,791.10. This trade represents a 6.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 12.32% of the stock is currently owned by insiders.

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.