Carson Advisory Inc. Sells 638 Shares of Marriott International, Inc. (NASDAQ:MAR)

Carson Advisory Inc. lowered its holdings in Marriott International, Inc. (NASDAQ:MAR) by 14.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 3,727 shares of the company’s stock after selling 638 shares during the quarter. Carson Advisory Inc.’s holdings in Marriott International were worth $840,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of MAR. Parnassus Investments LLC bought a new stake in shares of Marriott International in the third quarter valued at approximately $481,621,000. FMR LLC grew its stake in Marriott International by 16.1% during the third quarter. FMR LLC now owns 8,634,610 shares of the company’s stock valued at $1,697,219,000 after acquiring an additional 1,194,665 shares in the last quarter. Jennison Associates LLC grew its stake in Marriott International by 34.8% during the fourth quarter. Jennison Associates LLC now owns 4,547,098 shares of the company’s stock valued at $1,025,416,000 after acquiring an additional 1,173,028 shares in the last quarter. International Assets Investment Management LLC grew its stake in Marriott International by 1,487.6% during the fourth quarter. International Assets Investment Management LLC now owns 345,246 shares of the company’s stock valued at $77,856,000 after acquiring an additional 323,500 shares in the last quarter. Finally, Raymond James & Associates grew its stake in Marriott International by 33.0% during the third quarter. Raymond James & Associates now owns 540,684 shares of the company’s stock valued at $106,277,000 after acquiring an additional 134,079 shares in the last quarter. Institutional investors own 70.70% of the company’s stock.

Insiders Place Their Bets

In other Marriott International news, CEO Anthony Capuano sold 20,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $248.48, for a total value of $4,969,600.00. Following the completion of the transaction, the chief executive officer now directly owns 93,323 shares in the company, valued at approximately $23,188,899.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Anthony Capuano sold 20,000 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $248.48, for a total value of $4,969,600.00. Following the completion of the transaction, the chief executive officer now directly owns 93,323 shares in the company, valued at approximately $23,188,899.04. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Eric Hippeau sold 2,600 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $237.40, for a total transaction of $617,240.00. Following the completion of the transaction, the director now owns 1,472 shares of the company’s stock, valued at $349,452.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 125,003 shares of company stock worth $30,435,493. 12.32% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

MAR has been the subject of a number of research reports. Argus boosted their price target on shares of Marriott International from $270.00 to $280.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Wells Fargo & Company cut their price target on shares of Marriott International from $250.00 to $248.00 and set an “equal weight” rating for the company in a research note on Thursday. Barclays boosted their price target on shares of Marriott International from $239.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Friday, April 19th. Mizuho boosted their price target on shares of Marriott International from $260.00 to $265.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, BMO Capital Markets boosted their price target on shares of Marriott International from $235.00 to $240.00 and gave the stock a “market perform” rating in a research note on Thursday. Eleven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $237.31.

Marriott International Stock Performance

NASDAQ:MAR traded up $1.70 during midday trading on Thursday, reaching $235.56. 1,412,497 shares of the stock traded hands, compared to its average volume of 1,455,512. The company has a fifty day moving average of $248.01 and a 200 day moving average of $228.08. Marriott International, Inc. has a 12 month low of $165.13 and a 12 month high of $260.57. The stock has a market capitalization of $68.07 billion, a P/E ratio of 22.90, a PEG ratio of 5.27 and a beta of 1.61.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.04). Marriott International had a negative return on equity of 848.49% and a net margin of 13.00%. The company had revenue of $5.98 billion during the quarter, compared to the consensus estimate of $5.95 billion. During the same quarter last year, the company posted $2.09 earnings per share. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. On average, analysts predict that Marriott International, Inc. will post 9.46 EPS for the current fiscal year.

Marriott International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, February 22nd were issued a $0.52 dividend. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $2.08 annualized dividend and a yield of 0.88%. Marriott International’s dividend payout ratio (DPR) is presently 20.41%.

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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.