Marriott International, Inc. (NASDAQ:MAR) Stock Position Reduced by KMG Fiduciary Partners LLC

KMG Fiduciary Partners LLC reduced its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 0.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,136 shares of the company’s stock after selling 46 shares during the period. Marriott International comprises approximately 0.9% of KMG Fiduciary Partners LLC’s holdings, making the stock its 25th largest holding. KMG Fiduciary Partners LLC’s holdings in Marriott International were worth $10,359,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Silvant Capital Management LLC acquired a new position in Marriott International in the third quarter valued at approximately $31,000. Darwin Wealth Management LLC bought a new stake in shares of Marriott International in the 3rd quarter worth approximately $33,000. Cyrus J. Lawrence LLC acquired a new position in Marriott International during the 2nd quarter valued at approximately $36,000. ORG Partners LLC increased its position in Marriott International by 158.5% in the fourth quarter. ORG Partners LLC now owns 137 shares of the company’s stock worth $38,000 after buying an additional 84 shares during the period. Finally, Kathleen S. Wright Associates Inc. bought a new stake in Marriott International in the third quarter valued at $40,000. 70.70% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Wells Fargo & Company increased their price objective on shares of Marriott International from $238.00 to $261.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 22nd. Robert W. Baird raised their price target on shares of Marriott International from $258.00 to $264.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Macquarie reissued a “neutral” rating and issued a $245.00 price objective on shares of Marriott International in a report on Tuesday, November 5th. Sanford C. Bernstein boosted their price target on Marriott International from $262.00 to $290.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Finally, Evercore ISI lifted their price objective on shares of Marriott International from $245.00 to $270.00 and gave the company an “in-line” rating in a research note on Monday, October 21st. Fourteen analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $272.15.

Insiders Place Their Bets

In other Marriott International news, EVP Benjamin T. Breland sold 500 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were 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 owns 12,286 shares in the company, valued at $3,372,384.14. This represents a 3.91 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kathleen K. Oberg sold 2,360 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $285.41, for a total transaction of $673,567.60. Following the transaction, the chief financial officer now owns 39,726 shares in the company, valued at approximately $11,338,197.66. This represents a 5.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,815 shares of company stock worth $3,919,739. 10.07% of the stock is currently owned by company insiders.

Marriott International Trading Down 0.0 %

MAR stock opened at $276.00 on Friday. Marriott International, Inc. has a one year low of $204.55 and a one year high of $295.45. The firm has a 50-day moving average of $282.64 and a two-hundred day moving average of $255.51. The firm has a market capitalization of $76.70 billion, a PE ratio of 28.87, a P/E/G ratio of 4.48 and a beta of 1.57.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing the consensus estimate of $2.31 by ($0.05). Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The firm had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.27 billion. During the same quarter last year, the company posted $2.11 EPS. The firm’s revenue was up 5.5% compared to the same quarter last year. On average, equities research analysts anticipate that Marriott International, Inc. will post 9.25 earnings per share for the current year.

Marriott International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Thursday, November 21st were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend was Thursday, November 21st. 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.