Great Lakes Advisors LLC Sells 1,620 Shares of Marriott International, Inc. (NASDAQ:MAR)

Great Lakes Advisors LLC decreased its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 3.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 39,836 shares of the company’s stock after selling 1,620 shares during the quarter. Great Lakes Advisors LLC’s holdings in Marriott International were worth $11,112,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Hopwood Financial Services Inc. bought a new position in shares of Marriott International during the fourth quarter valued at approximately $25,000. Farther Finance Advisors LLC grew its stake in shares of Marriott International by 18.4% during the fourth quarter. Farther Finance Advisors LLC now owns 3,104 shares of the company’s stock valued at $866,000 after buying an additional 483 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Marriott International by 24.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 613 shares of the company’s stock valued at $171,000 after buying an additional 120 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of Marriott International by 8.6% during the fourth quarter. Sequoia Financial Advisors LLC now owns 12,009 shares of the company’s stock valued at $3,350,000 after buying an additional 956 shares during the last quarter. Finally, HighTower Advisors LLC grew its stake in shares of Marriott International by 2.7% during the fourth quarter. HighTower Advisors LLC now owns 97,065 shares of the company’s stock valued at $27,075,000 after buying an additional 2,588 shares during the last quarter. Institutional investors own 70.70% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Wells Fargo & Company lowered their price target on Marriott International from $285.00 to $277.00 and set an “equal weight” rating for the company in a report on Tuesday, February 18th. Susquehanna upped their target price on Marriott International from $255.00 to $285.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. The Goldman Sachs Group increased 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. Barclays cut their target price on Marriott International from $287.00 to $283.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 12th. Finally, Morgan Stanley upped their target price on Marriott International from $289.00 to $298.00 and gave the company an “overweight” rating in a research report on Tuesday, March 4th. Thirteen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Marriott International currently has a consensus rating of “Hold” and an average price target of $286.45.

Marriott International Stock Down 1.0 %

MAR stock opened at $243.81 on Thursday. The company’s 50-day simple moving average is $279.75 and its 200-day simple moving average is $269.47. Marriott International, Inc. has a 52-week low of $204.55 and a 52-week high of $307.52. The firm has a market cap of $67.22 billion, a P/E ratio of 29.30, a PEG ratio of 3.42 and a beta of 1.58.

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

Marriott International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, February 27th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date is Thursday, February 27th. Marriott International’s dividend payout ratio is presently 30.29%.

Insider Activity at Marriott International

In other Marriott International news, EVP Rena Hozore Reiss sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $286.65, for a total value of $1,003,275.00. Following the transaction, the executive vice president now directly owns 24,733 shares of the company’s stock, valued at $7,089,714.45. This trade represents a 12.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider William P. Brown sold 12,642 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $285.63, for a total transaction of $3,610,934.46. Following the completion of the transaction, the insider now directly owns 30,919 shares in the company, valued at $8,831,393.97. This trade represents a 29.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 31,694 shares of company stock valued at $8,938,132. 12.32% of the stock is owned by corporate 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.