Gilman Hill Asset Management LLC Sells 195 Shares of Marriott International, Inc. (NASDAQ:MAR)

Gilman Hill Asset Management LLC lessened its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 1.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,513 shares of the company’s stock after selling 195 shares during the quarter. Gilman Hill Asset Management LLC’s holdings in Marriott International were worth $4,885,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in MAR. Silvant Capital Management LLC bought a new position in Marriott International during the 3rd quarter valued at approximately $31,000. Darwin Wealth Management LLC bought a new position in shares of Marriott International during the third quarter valued at approximately $33,000. Cyrus J. Lawrence LLC bought a new stake in Marriott International in the second quarter valued at $36,000. ORG Partners LLC increased its position in Marriott International by 158.5% during the 4th quarter. ORG Partners LLC now owns 137 shares of the company’s stock valued at $38,000 after purchasing an additional 84 shares during the period. Finally, Kathleen S. Wright Associates Inc. bought a new position in Marriott International in the 3rd quarter worth $40,000. 70.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on MAR. Sanford C. Bernstein increased their price target on shares of Marriott International from $262.00 to $290.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. BMO Capital Markets raised their target price on Marriott International from $255.00 to $265.00 and gave the company a “market perform” rating in a research note on Tuesday, November 5th. The Goldman Sachs Group upped their price target on Marriott International from $280.00 to $314.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Barclays boosted their target price on shares of Marriott International from $249.00 to $286.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Finally, Truist Financial increased their price target on shares of Marriott International from $254.00 to $277.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Fourteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $272.15.

Insider Activity at Marriott International

In other news, insider William P. Brown sold 1,707 shares of Marriott International stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $284.30, for a total transaction of $485,300.10. Following the completion of the sale, the insider now directly owns 23,077 shares in the company, valued at approximately $6,560,791.10. The trade was a 6.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Benjamin T. Breland sold 500 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $274.49, for a total transaction of $137,245.00. Following the transaction, the executive vice president now owns 12,286 shares of the company’s stock, valued at $3,372,384.14. This represents a 3.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,815 shares of company stock valued at $3,919,739. Insiders own 10.07% of the company’s stock.

Marriott International Stock Up 0.4 %

NASDAQ MAR opened at $277.18 on Monday. The stock’s 50-day moving average price is $282.53 and its 200-day moving average price is $256.02. The company has a market capitalization of $77.03 billion, a P/E ratio of 28.99, a price-to-earnings-growth ratio of 4.48 and a beta of 1.57. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $295.45.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Monday, November 4th. The company reported $2.26 earnings per share for the quarter, missing the consensus estimate of $2.31 by ($0.05). The firm had revenue of $6.26 billion for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.11 EPS. Research analysts anticipate that Marriott International, Inc. will post 9.25 EPS for the current year.

Marriott International Dividend Announcement

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

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.