Capco Asset Management LLC Lowers Holdings in Marriott International, Inc. (NASDAQ:MAR)

Capco Asset Management LLC lowered its holdings in Marriott International, Inc. (NASDAQ:MAR) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 252,876 shares of the company’s stock after selling 3,823 shares during the period. Marriott International makes up about 15.9% of Capco Asset Management LLC’s holdings, making the stock its 2nd biggest position. Capco Asset Management LLC owned about 0.09% of Marriott International worth $70,537,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Hopwood Financial Services Inc. purchased a new position in Marriott International during the fourth quarter valued at approximately $25,000. Bell Investment Advisors Inc grew its stake in Marriott International by 112.2% during the fourth quarter. Bell Investment Advisors Inc now owns 104 shares of the company’s stock valued at $29,000 after acquiring an additional 55 shares in the last quarter. Sound Income Strategies LLC grew its stake 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 acquiring an additional 89 shares in the last quarter. Wingate Wealth Advisors Inc. purchased a new position in Marriott International in the 4th quarter worth approximately $33,000. Finally, Darwin Wealth Management LLC purchased a new position in Marriott International in the 3rd quarter worth approximately $33,000. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Insider Transactions at Marriott International

In related news, CFO Kathleen K. Oberg sold 14,498 shares of Marriott International 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 completion of the transaction, the chief financial officer now directly owns 14,282 shares of the company’s stock, valued at $3,971,395.74. This trade represents a 50.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Susan C. Schwab sold 1,054 shares of Marriott International stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $277.48, for a total transaction of $292,463.92. Following the transaction, the director now directly owns 4,551 shares of the company’s stock, valued at approximately $1,262,811.48. This trade represents a 18.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 31,694 shares of company stock valued at $8,938,132. Company insiders own 12.32% of the company’s stock.

Wall Street Analysts Forecast Growth

MAR has been the subject of a number of research reports. The Goldman Sachs Group boosted their price target on shares of Marriott International from $280.00 to $314.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Morgan Stanley boosted their price target on shares of Marriott International from $289.00 to $298.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 4th. Stifel Nicolaus boosted their price target on shares of Marriott International from $252.00 to $283.00 and gave the stock a “hold” rating in a research note on Tuesday, November 26th. JPMorgan Chase & Co. boosted their price target on shares of Marriott International from $251.00 to $269.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Finally, Barclays lowered their price objective on shares of Marriott International from $287.00 to $283.00 and set an “equal weight” rating for the company in a report on Wednesday, February 12th. Thirteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $286.05.

Marriott International Stock Down 3.0 %

NASDAQ:MAR opened at $237.49 on Friday. The company has a fifty day moving average of $275.53 and a 200 day moving average of $269.81. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $307.52. The firm has a market capitalization of $65.47 billion, a P/E ratio of 28.54, a P/E/G ratio of 3.42 and a beta of 1.58.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 EPS for the quarter, topping 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%. As a group, analysts anticipate that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, February 27th will be given a $0.63 dividend. The ex-dividend date is Thursday, February 27th. This represents a $2.52 annualized dividend and a dividend yield of 1.06%. Marriott International’s dividend payout ratio is 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.