Lincoln Capital LLC Sells 448 Shares of Marriott International, Inc. (NASDAQ:MAR)

Lincoln Capital LLC cut its holdings in Marriott International, Inc. (NASDAQ:MAR) by 1.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 27,047 shares of the company’s stock after selling 448 shares during the quarter. Marriott International makes up 1.6% of Lincoln Capital LLC’s portfolio, making the stock its 14th largest position. Lincoln Capital LLC’s holdings in Marriott International were worth $7,544,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in MAR. Jensen Investment Management Inc. bought a new position in Marriott International in the 3rd quarter valued at $793,000. BayBridge Capital Group LLC bought a new position in Marriott International in the third quarter valued at about $1,254,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in Marriott International by 0.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 566,548 shares of the company’s stock worth $140,844,000 after purchasing an additional 2,723 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new position in Marriott International during the 3rd quarter valued at about $2,721,000. Finally, Kinsale Capital Group Inc. bought a new stake in shares of Marriott International during the third quarter worth approximately $3,769,000. 70.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MAR has been the subject of a number of analyst reports. Macquarie reaffirmed a “neutral” rating and set a $245.00 target price on shares of Marriott International in a report on Tuesday, November 5th. Bank of America increased their target price on Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Mizuho upped their price target on Marriott International from $233.00 to $246.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Barclays boosted their price objective on shares of Marriott International from $249.00 to $286.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Finally, Wells Fargo & Company increased their target price on shares of Marriott International from $238.00 to $261.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 22nd. Fourteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Marriott International presently has a consensus rating of “Hold” and a consensus price target of $272.15.

Marriott International Trading Up 0.4 %

NASDAQ:MAR opened at $277.18 on Monday. The firm has a fifty day simple moving average of $282.53 and a 200 day simple moving average of $256.02. Marriott International, Inc. has a 1-year low of $204.55 and a 1-year high of $295.45. The stock has a market capitalization of $77.03 billion, a PE ratio of 28.99, a P/E/G ratio of 4.48 and a beta of 1.57.

Marriott International (NASDAQ:MAR) last issued its earnings results 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). The firm had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.27 billion. Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.11 earnings per share. On average, equities analysts predict that Marriott International, Inc. will post 9.25 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Thursday, November 21st were paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date was Thursday, November 21st. Marriott International’s dividend payout ratio (DPR) is presently 26.36%.

Insider Buying and Selling at Marriott International

In other news, CEO Anthony Capuano sold 8,332 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $284.49, for a total value of $2,370,370.68. Following the transaction, the chief executive officer now owns 108,361 shares of the company’s stock, valued at approximately $30,827,620.89. This represents a 7.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Benjamin T. Breland sold 500 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $274.49, for a total value of $137,245.00. Following the completion of the sale, the executive vice president now owns 12,286 shares of the company’s stock, valued at $3,372,384.14. This trade represents a 3.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,815 shares of company stock valued at $3,919,739 in the last quarter. 10.07% of the stock is currently owned by 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.