Connable Office Inc. Has $3.42 Million Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

Connable Office Inc. lessened its holdings in Marriott International, Inc. (NASDAQ:MAR) by 1.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 12,251 shares of the company’s stock after selling 184 shares during the quarter. Connable Office Inc.’s holdings in Marriott International were worth $3,417,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Sound Income Strategies LLC boosted its position in Marriott International by 494.4% during the fourth quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock valued at $30,000 after purchasing an additional 89 shares during the last quarter. Silvant Capital Management LLC acquired a new stake in Marriott International during the third quarter valued at $31,000. Darwin Wealth Management LLC acquired a new stake in Marriott International during the third quarter valued at $33,000. Wingate Wealth Advisors Inc. acquired a new stake in Marriott International during the fourth quarter valued at $33,000. Finally, ORG Partners LLC boosted its position in Marriott International by 158.5% during the fourth quarter. ORG Partners LLC now owns 137 shares of the company’s stock valued at $38,000 after purchasing an additional 84 shares during the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.

Insider Buying and Selling at Marriott International

In other news, CFO Kathleen K. Oberg sold 14,498 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $278.07, for a total value of $4,031,458.86. Following the transaction, the chief financial officer now directly owns 14,282 shares of the company’s stock, valued at $3,971,395.74. The trade was a 50.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider William P. Brown sold 12,642 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $285.63, for a total value of $3,610,934.46. Following the completion of the transaction, the insider now directly owns 30,919 shares in the company, valued at $8,831,393.97. The trade was a 29.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 31,694 shares of company stock valued at $8,938,132. 10.07% of the stock is currently owned by corporate insiders.

Marriott International Stock Up 1.2 %

Shares of MAR opened at $280.45 on Friday. Marriott International, Inc. has a 12-month low of $204.55 and a 12-month high of $307.52. The firm has a market capitalization of $77.32 billion, a price-to-earnings ratio of 33.71, a P/E/G ratio of 3.42 and a beta of 1.57. The stock’s 50-day moving average price is $283.20 and its 200 day moving average price is $266.94.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 earnings per share 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%. Equities research analysts expect that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, February 27th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Thursday, February 27th. Marriott International’s payout ratio is 30.29%.

Wall Street Analysts Forecast Growth

MAR has been the subject of a number of analyst reports. Susquehanna boosted their price target on Marriott International from $255.00 to $285.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Jefferies Financial Group boosted their price target on Marriott International from $251.00 to $295.00 and gave the stock a “hold” rating in a research report on Thursday, January 2nd. The Goldman Sachs Group boosted 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. UBS Group boosted their price target on Marriott International from $294.00 to $301.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Finally, Argus boosted their price target on Marriott International from $300.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Thirteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Marriott International presently has a consensus rating of “Hold” and a consensus target price of $284.05.

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.