Jensen Investment Management Inc. Reduces Position in Marriott International, Inc. (NASDAQ:MAR)

Jensen Investment Management Inc. cut its position in Marriott International, Inc. (NASDAQ:MAR) by 6.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,970 shares of the company’s stock after selling 220 shares during the period. Jensen Investment Management Inc.’s holdings in Marriott International were worth $828,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its position in shares of Marriott International by 2.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,477,619 shares of the company’s stock valued at $412,167,000 after purchasing an additional 32,288 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Marriott International by 4.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,024,187 shares of the company’s stock valued at $254,613,000 after buying an additional 46,563 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of Marriott International by 8.4% in the 3rd quarter. Janus Henderson Group PLC now owns 613,052 shares of the company’s stock valued at $152,399,000 after buying an additional 47,551 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Marriott International in the 4th quarter valued at $165,162,000. Finally, PNC Financial Services Group Inc. grew its position in shares of Marriott International by 3.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 443,103 shares of the company’s stock valued at $110,156,000 after buying an additional 12,702 shares during the last quarter. 70.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MAR has been the topic of a number of recent analyst reports. Evercore ISI raised shares of Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 target price on the stock in a research report on Tuesday, February 4th. Morgan Stanley raised their price objective on shares of Marriott International from $289.00 to $298.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 4th. Jefferies Financial Group raised their price objective on shares of Marriott International from $251.00 to $295.00 and gave the stock a “hold” rating in a research report on Thursday, January 2nd. JPMorgan Chase & Co. raised their price objective on shares of Marriott International from $251.00 to $269.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Finally, Argus raised their price objective on shares of 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. According to data from MarketBeat.com, Marriott International presently has an average rating of “Hold” and a consensus price target of $286.45.

Insider Buying and Selling at Marriott International

In other Marriott International news, EVP Rena Hozore Reiss sold 3,500 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $286.65, for a total transaction of $1,003,275.00. Following the completion of the transaction, the executive vice president now directly owns 24,733 shares in the company, valued at approximately $7,089,714.45. This trade represents a 12.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Kathleen K. Oberg sold 14,498 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $278.07, for a total transaction of $4,031,458.86. Following the transaction, the chief financial officer now owns 14,282 shares of the company’s stock, valued at $3,971,395.74. This trade represents a 50.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 31,694 shares of company stock worth $8,938,132. 12.32% of the stock is owned by corporate insiders.

Marriott International Stock Up 2.5 %

Shares of NASDAQ MAR opened at $243.11 on Monday. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $307.52. The firm has a 50-day moving average price of $278.37 and a 200 day moving average price of $269.96. The stock has a market capitalization of $67.02 billion, a price-to-earnings ratio of 29.22, a price-to-earnings-growth ratio of 3.42 and a beta of 1.58.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.37 by $0.08. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. Equities research analysts expect that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Thursday, February 27th. This represents a $2.52 annualized dividend and a yield of 1.04%. Marriott International’s dividend payout ratio (DPR) is currently 30.29%.

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.