Central Bank & Trust Co. Sells 2,449 Shares of Marriott International, Inc. (NASDAQ:MAR)

Central Bank & Trust Co. cut its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 35.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,484 shares of the company’s stock after selling 2,449 shares during the period. Central Bank & Trust Co.’s holdings in Marriott International were worth $1,251,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Intech Investment Management LLC boosted its stake in Marriott International by 10.7% during the 2nd quarter. Intech Investment Management LLC now owns 7,980 shares of the company’s stock worth $1,929,000 after acquiring an additional 770 shares during the last quarter. Frank Rimerman Advisors LLC boosted its position in shares of Marriott International by 8,934.8% during the second quarter. Frank Rimerman Advisors LLC now owns 5,963 shares of the company’s stock worth $1,442,000 after purchasing an additional 5,897 shares in the last quarter. Cyrus J. Lawrence LLC acquired a new position in shares of Marriott International in the 2nd quarter valued at $36,000. Public Sector Pension Investment Board increased its position in shares of Marriott International by 63.7% in the 2nd quarter. Public Sector Pension Investment Board now owns 8,444 shares of the company’s stock valued at $2,042,000 after buying an additional 3,287 shares in the last quarter. Finally, Evergreen Capital Management LLC lifted its holdings in Marriott International by 3.9% during the second quarter. Evergreen Capital Management LLC now owns 2,556 shares of the company’s stock worth $618,000 after acquiring an additional 97 shares in the last quarter. Institutional investors own 70.70% of the company’s stock.

Marriott International Price Performance

Marriott International stock opened at $277.18 on Tuesday. The company’s 50-day moving average is $282.53 and its 200-day moving average is $256.13. The firm has a market capitalization of $77.03 billion, a PE ratio of 28.99, a P/E/G ratio of 4.48 and a beta of 1.57. Marriott International, Inc. has a fifty-two week low of $204.55 and a fifty-two week high of $295.45.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Monday, November 4th. The company reported $2.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.31 by ($0.05). The business had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.27 billion. Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. Marriott International’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.11 EPS. As a group, analysts expect that Marriott International, Inc. will post 9.25 EPS for the current year.

Marriott International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st were given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend was Thursday, November 21st. Marriott International’s payout ratio is presently 26.36%.

Insider Buying and Selling

In related news, EVP Benjamin T. Breland sold 500 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total value of $137,245.00. Following the completion of the sale, the executive vice president now directly owns 12,286 shares in the company, valued at $3,372,384.14. The trade was a 3.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Felitia Lee sold 916 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $276.48, for a total value of $253,255.68. Following the transaction, the chief accounting officer now owns 5,609 shares in the company, valued at $1,550,776.32. The trade was a 14.04 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,815 shares of company stock valued at $3,919,739. Company insiders own 10.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. raised their price target on Marriott International from $251.00 to $269.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Truist Financial raised their target price on shares of Marriott International from $254.00 to $277.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Evercore ISI increased their price objective on shares of Marriott International from $245.00 to $270.00 and gave the stock an “in-line” rating in a research report on Monday, October 21st. Wells Fargo & Company boosted their price objective on shares of Marriott International from $238.00 to $261.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 22nd. Finally, Argus lifted their price target on Marriott International from $300.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Fourteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $272.15.

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.