CIBC Private Wealth Group LLC Sells 4,978 Shares of Marriott International, Inc. (NASDAQ:MAR)

CIBC Private Wealth Group LLC cut its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 2.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 197,186 shares of the company’s stock after selling 4,978 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Marriott International were worth $53,936,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Townsquare Capital LLC lifted its stake in shares of Marriott International by 22.3% in the 3rd quarter. Townsquare Capital LLC now owns 7,393 shares of the company’s stock valued at $1,838,000 after purchasing an additional 1,349 shares during the period. CreativeOne Wealth LLC boosted its position in shares of Marriott International by 7.5% in the 3rd quarter. CreativeOne Wealth LLC now owns 1,772 shares of the company’s stock worth $441,000 after purchasing an additional 123 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Marriott International by 1.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,185 shares of the company’s stock worth $11,482,000 after acquiring an additional 435 shares during the last quarter. Public Sector Pension Investment Board grew its position in Marriott International by 5.9% during the 3rd quarter. Public Sector Pension Investment Board now owns 8,944 shares of the company’s stock valued at $2,223,000 after purchasing an additional 500 shares during the last quarter. Finally, Edgestream Partners L.P. increased its position in shares of Marriott International by 18.8% during the third quarter. Edgestream Partners L.P. now owns 6,141 shares of the company’s stock valued at $1,527,000 after acquiring an additional 970 shares in the last quarter. 70.70% of the stock is currently owned by institutional investors.

Marriott International Stock Performance

Shares of Marriott International stock opened at $237.01 on Monday. The stock has a 50 day moving average price of $272.32 and a 200-day moving average price of $270.93. Marriott International, Inc. has a one year low of $204.55 and a one year high of $307.52. The stock has a market cap of $65.34 billion, a price-to-earnings ratio of 28.49, a price-to-earnings-growth ratio of 3.42 and a beta of 1.58.

Marriott International (NASDAQ:MAR) last announced its earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share 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%. Sell-side analysts predict that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The company 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. The ex-dividend date is Thursday, February 27th. This represents a $2.52 annualized dividend and a yield of 1.06%. Marriott International’s dividend payout ratio (DPR) is currently 30.29%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Mizuho lifted their price objective on Marriott International from $246.00 to $293.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Jefferies Financial Group upped their price objective on Marriott International from $251.00 to $295.00 and gave the stock a “hold” rating in a research note on Thursday, January 2nd. Barclays lowered their price objective on Marriott International from $287.00 to $283.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 12th. JPMorgan Chase & Co. raised their target price 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, UBS Group upped their price target on shares of Marriott International from $294.00 to $301.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Thirteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Marriott International has a consensus rating of “Hold” and an average price target of $286.05.

Insider Activity at Marriott International

In other Marriott International news, CFO Kathleen K. Oberg sold 14,498 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $278.07, for a total transaction of $4,031,458.86. Following the sale, the chief financial officer now owns 14,282 shares of the company’s stock, valued at approximately $3,971,395.74. This trade represents a 50.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Susan C. Schwab sold 1,054 shares of the business’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $277.48, for a total value of $292,463.92. Following the completion of the transaction, the director now directly owns 4,551 shares of the company’s stock, valued at approximately $1,262,811.48. The trade was a 18.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 31,694 shares of company stock worth $8,938,132 over the last three months. 12.32% of the stock is owned by corporate insiders.

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.