McLean Asset Management Corp Has $215,000 Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

McLean Asset Management Corp reduced its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 6.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 770 shares of the company’s stock after selling 50 shares during the period. McLean Asset Management Corp’s holdings in Marriott International were worth $215,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MAR. Sound Income Strategies LLC boosted its holdings in shares of Marriott International by 494.4% in the 4th quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock worth $30,000 after acquiring an additional 89 shares in the last quarter. Silvant Capital Management LLC bought a new position in Marriott International in the 3rd quarter valued at $31,000. Darwin Wealth Management LLC acquired a new position in Marriott International in the third quarter worth $33,000. ORG Partners LLC increased its stake in shares of Marriott International by 158.5% in the fourth quarter. ORG Partners LLC now owns 137 shares of the company’s stock valued at $38,000 after buying an additional 84 shares in the last quarter. Finally, Kathleen S. Wright Associates Inc. bought a new position in shares of Marriott International in the third quarter valued at about $40,000. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Marriott International Price Performance

MAR opened at $284.11 on Monday. The company has a market capitalization of $78.95 billion, a price-to-earnings ratio of 29.72, a P/E/G ratio of 4.64 and a beta of 1.57. The business’s 50-day moving average price is $282.24 and its two-hundred day moving average price is $257.56. Marriott International, Inc. has a 1 year low of $204.55 and a 1 year high of $295.45.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Monday, November 4th. The company reported $2.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.27 billion. During the same quarter last year, the business earned $2.11 earnings per share. Marriott International’s revenue for the quarter was up 5.5% on a year-over-year basis. Sell-side analysts anticipate that Marriott International, Inc. will post 9.25 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st were issued a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 0.89%. The ex-dividend date was Thursday, November 21st. Marriott International’s payout ratio is presently 26.36%.

Analysts Set New Price Targets

MAR has been the subject of several research reports. Bank of America raised their price objective on shares of Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Evercore ISI boosted 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. Jefferies Financial Group lifted their target price on Marriott International from $251.00 to $295.00 and gave the company a “hold” rating in a research note on Thursday, January 2nd. TD Cowen cut their price target on Marriott International from $295.00 to $283.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Finally, JPMorgan Chase & Co. boosted their price objective on Marriott International from $251.00 to $269.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. 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.com, Marriott International presently has a consensus rating of “Hold” and a consensus target price of $272.15.

Insider Buying and Selling

In other Marriott International 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 transaction, the insider now directly owns 23,077 shares of the company’s stock, valued at $6,560,791.10. The trade was a 6.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Benjamin T. Breland sold 500 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total transaction of $137,245.00. Following the sale, the executive vice president now owns 12,286 shares of the company’s stock, valued at approximately $3,372,384.14. This represents a 3.91 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,815 shares of company stock worth $3,919,739. Insiders own 12.32% of the company’s stock.

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.