Angeles Investment Advisors LLC Reduces Holdings in Marriott International, Inc. (NASDAQ:MAR)

Angeles Investment Advisors LLC reduced its stake in Marriott International, Inc. (NASDAQ:MAR) by 10.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,133 shares of the company’s stock after selling 137 shares during the period. Angeles Investment Advisors LLC’s holdings in Marriott International were worth $316,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Meridian Wealth Management LLC bought a new stake in shares of Marriott International during the 3rd quarter valued at $1,170,000. Great Valley Advisor Group Inc. boosted its stake in Marriott International by 3.5% during the third quarter. Great Valley Advisor Group Inc. now owns 1,578 shares of the company’s stock worth $392,000 after acquiring an additional 53 shares in the last quarter. Cerity Partners LLC increased its stake in shares of Marriott International by 40.7% during the third quarter. Cerity Partners LLC now owns 85,255 shares of the company’s stock valued at $21,194,000 after purchasing an additional 24,666 shares in the last quarter. Swedbank AB lifted its holdings in shares of Marriott International by 6.1% during the third quarter. Swedbank AB now owns 63,386 shares of the company’s stock valued at $15,758,000 after purchasing an additional 3,635 shares during the last quarter. Finally, Baltimore Washington Financial Advisors Inc. boosted its position in shares of Marriott International by 1.8% in the 3rd quarter. Baltimore Washington Financial Advisors Inc. now owns 76,875 shares of the company’s stock worth $19,111,000 after purchasing an additional 1,394 shares in the last quarter. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on MAR shares. JPMorgan Chase & Co. raised their price objective on Marriott International from $251.00 to $269.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Stifel Nicolaus lifted their price target on Marriott International from $252.00 to $283.00 and gave the stock a “hold” rating in a research report on Tuesday, November 26th. Argus increased their price objective on shares of Marriott International from $300.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Evercore ISI raised shares of Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 target price for the company in a report on Tuesday, February 4th. Finally, Wells Fargo & Company cut their price target on shares of Marriott International from $285.00 to $277.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 18th. Thirteen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $286.05.

Marriott International Stock Down 3.0 %

Marriott International stock opened at $237.49 on Monday. The business has a 50-day simple moving average of $275.53 and a two-hundred day simple moving average of $270.37. Marriott International, Inc. has a 52-week low of $204.55 and a 52-week high of $307.52. The company has a market cap of $65.47 billion, a P/E ratio of 28.54, a P/E/G ratio of 3.42 and a beta of 1.58.

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

Marriott International Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date is Thursday, February 27th. Marriott International’s payout ratio is 30.29%.

Insider Transactions at Marriott International

In related news, insider William P. Brown sold 12,642 shares of Marriott International stock in a transaction on Friday, February 21st. The shares were sold at an average price of $285.63, for a total transaction of $3,610,934.46. Following the transaction, the insider now owns 30,919 shares in the company, valued at approximately $8,831,393.97. The trade was a 29.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kathleen K. Oberg sold 14,498 shares of Marriott International stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $278.07, for a total value of $4,031,458.86. Following the sale, the chief financial officer now directly owns 14,282 shares in the company, valued at $3,971,395.74. This trade represents a 50.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,694 shares of company stock valued at $8,938,132 over the last quarter. 12.32% of the stock is currently owned by company insiders.

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.