400 Shares in Marriott International, Inc. (NASDAQ:MAR) Bought by Lee Danner & Bass Inc.

Lee Danner & Bass Inc. acquired a new position in shares of Marriott International, Inc. (NASDAQ:MAR) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 400 shares of the company’s stock, valued at approximately $112,000.

A number of other institutional investors have also recently added to or reduced their stakes in MAR. Empowered Funds LLC boosted its position in Marriott International by 4.8% during the 3rd quarter. Empowered Funds LLC now owns 3,734 shares of the company’s stock worth $928,000 after acquiring an additional 172 shares during the period. Prospera Financial Services Inc boosted its position in Marriott International by 151.8% during the 3rd quarter. Prospera Financial Services Inc now owns 3,603 shares of the company’s stock worth $896,000 after acquiring an additional 2,172 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Marriott International during the 3rd quarter worth $2,148,000. Commerce Bank boosted its position in Marriott International by 3.6% during the 3rd quarter. Commerce Bank now owns 11,361 shares of the company’s stock worth $2,824,000 after acquiring an additional 393 shares during the period. Finally, Darwin Wealth Management LLC acquired a new position in Marriott International during the 3rd quarter worth $33,000. 70.70% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. UBS Group boosted their price target on Marriott International from $294.00 to $301.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Mizuho upped their price objective on Marriott International from $246.00 to $293.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. The Goldman Sachs Group upped their price objective on Marriott International from $280.00 to $314.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Argus upped their price objective on Marriott International from $300.00 to $330.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Finally, Evercore ISI upgraded Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 price objective for the company in a report on Tuesday, February 4th. Thirteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Marriott International currently has an average rating of “Hold” and a consensus target price of $286.05.

Insiders Place Their Bets

In other news, CFO Kathleen K. Oberg sold 14,498 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $278.07, for a total transaction of $4,031,458.86. Following the completion of the sale, the chief financial officer now owns 14,282 shares in the company, valued at approximately $3,971,395.74. This represents a 50.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Susan C. Schwab sold 1,054 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $277.48, for a total value of $292,463.92. Following the sale, the director now owns 4,551 shares of the company’s stock, valued at approximately $1,262,811.48. This trade represents a 18.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,694 shares of company stock valued at $8,938,132 in the last three months. Insiders own 12.32% of the company’s stock.

Marriott International Trading Down 3.0 %

NASDAQ:MAR opened at $237.49 on Friday. The firm has a market capitalization of $65.47 billion, a price-to-earnings ratio of 28.54, a PEG ratio of 3.42 and a beta of 1.58. Marriott International, Inc. has a 1-year low of $204.55 and a 1-year high of $307.52. The business’s fifty day moving average price is $275.53 and its 200 day moving average price is $269.81.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.08. Marriott International had a negative return on equity of 116.67% and a net margin of 9.46%. Equities analysts forecast that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, February 27th will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend is Thursday, February 27th. Marriott International’s payout ratio is currently 30.29%.

Marriott International Company 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.