First Bank & Trust Reduces Holdings in Marriott International, Inc. (NASDAQ:MAR)

First Bank & Trust trimmed its stake in Marriott International, Inc. (NASDAQ:MAR) by 5.9% in the 4th quarter, HoldingsChannel reports. The firm owned 1,553 shares of the company’s stock after selling 97 shares during the quarter. First Bank & Trust’s holdings in Marriott International were worth $433,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of MAR. Allspring Global Investments Holdings LLC lifted its position in shares of Marriott International by 1.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 14,843 shares of the company’s stock worth $3,690,000 after purchasing an additional 274 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Marriott International by 15.7% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 494 shares of the company’s stock worth $123,000 after purchasing an additional 67 shares during the period. Foundations Investment Advisors LLC lifted its position in shares of Marriott International by 2.6% in the 3rd quarter. Foundations Investment Advisors LLC now owns 2,010 shares of the company’s stock worth $500,000 after purchasing an additional 51 shares during the period. Sequoia Financial Advisors LLC increased its stake in shares of Marriott International by 25.4% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 11,053 shares of the company’s stock worth $2,748,000 after acquiring an additional 2,240 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI increased its stake in shares of Marriott International by 31.4% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 1,620 shares of the company’s stock worth $403,000 after acquiring an additional 387 shares in the last quarter. 70.70% of the stock is owned by hedge funds and other institutional investors.

Marriott International Stock Down 0.1 %

MAR opened at $287.20 on Friday. The firm has a 50 day moving average price of $283.92 and a 200-day moving average price of $264.29. Marriott International, Inc. has a twelve month low of $204.55 and a twelve month high of $307.52. The stock has a market capitalization of $79.18 billion, a price-to-earnings ratio of 34.52, a PEG ratio of 3.43 and a beta of 1.57.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data 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 net margin of 9.46% and a negative return on equity of 116.67%. As a group, analysts expect that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, February 27th will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $2.52 annualized dividend and a yield of 0.88%. Marriott International’s dividend payout ratio (DPR) is 30.29%.

Analyst Ratings Changes

MAR has been the subject of several research reports. BMO Capital Markets increased their price target on shares of Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 5th. Barclays decreased their price target on shares of Marriott International from $287.00 to $283.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 12th. Evercore ISI upgraded shares of Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 price target for the company in a research note on Tuesday, February 4th. UBS Group increased their price target on shares of Marriott International from $294.00 to $301.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Finally, Mizuho raised their price objective on shares of Marriott International from $246.00 to $293.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Thirteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Marriott International currently has an average rating of “Hold” and a consensus target price of $284.05.

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.