Marriott International, Inc. (NASDAQ:MAR) Holdings Trimmed by Tiemann Investment Advisors LLC

Tiemann Investment Advisors LLC lowered its holdings in Marriott International, Inc. (NASDAQ:MAR) by 8.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,379 shares of the company’s stock after selling 210 shares during the period. Tiemann Investment Advisors LLC’s holdings in Marriott International were worth $664,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of MAR. Daiwa Securities Group Inc. grew its position in Marriott International by 5.2% during the fourth quarter. Daiwa Securities Group Inc. now owns 49,710 shares of the company’s stock valued at $13,866,000 after purchasing an additional 2,472 shares in the last quarter. Moran Wealth Management LLC boosted its position in Marriott International by 70.5% during the fourth quarter. Moran Wealth Management LLC now owns 4,369 shares of the company’s stock valued at $1,219,000 after purchasing an additional 1,807 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Marriott International by 3.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 47,884 shares of the company’s stock valued at $13,357,000 after purchasing an additional 1,699 shares in the last quarter. Bell Investment Advisors Inc raised its stake in shares of Marriott International by 112.2% during the 4th quarter. Bell Investment Advisors Inc now owns 104 shares of the company’s stock worth $29,000 after purchasing an additional 55 shares in the last quarter. Finally, OFI Invest Asset Management bought a new stake in shares of Marriott International in the 4th quarter valued at approximately $46,000. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Insider Transactions at Marriott International

In other news, Director Susan C. Schwab sold 1,054 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $277.48, for a total value of $292,463.92. Following the transaction, the director now directly owns 4,551 shares of the company’s stock, valued at $1,262,811.48. The trade was a 18.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Rena Hozore Reiss sold 3,500 shares of the firm’s stock in a transaction 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 sale, the executive vice president now directly owns 24,733 shares of the company’s stock, valued at $7,089,714.45. This represents a 12.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 31,694 shares of company stock valued at $8,938,132. 12.32% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Wells Fargo & Company cut their price objective on shares of Marriott International from $285.00 to $277.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 18th. Mizuho raised their price target on shares of Marriott International from $246.00 to $293.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Argus upped their price objective on shares of Marriott International from $300.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. JPMorgan Chase & Co. raised their target price on Marriott International from $251.00 to $269.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Finally, The Goldman Sachs Group upped their price target on Marriott International from $280.00 to $314.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Thirteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $286.45.

Marriott International Stock Performance

NASDAQ:MAR opened at $262.75 on Monday. The company has a market capitalization of $72.44 billion, a price-to-earnings ratio of 31.58, a PEG ratio of 3.42 and a beta of 1.58. The company has a 50-day moving average of $281.57 and a 200-day moving average of $269.27. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $307.52.

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 analysts’ consensus estimates of $2.37 by $0.08. Marriott International had a negative return on equity of 116.67% and a net margin of 9.46%. Sell-side analysts forecast that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, February 27th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $2.52 annualized dividend and a dividend yield of 0.96%. Marriott International’s dividend payout ratio is presently 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.