Marriott International, Inc. (NASDAQ:MAR) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lessened its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 14.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 80,782 shares of the company’s stock after selling 14,189 shares during the period. SG Americas Securities LLC’s holdings in Marriott International were worth $22,533,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Jensen Investment Management Inc. bought a new position in shares of Marriott International during the third quarter worth about $793,000. BayBridge Capital Group LLC bought a new position in Marriott International in the 3rd quarter worth about $1,254,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Marriott International by 0.5% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 566,548 shares of the company’s stock valued at $140,844,000 after buying an additional 2,723 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new position in shares of Marriott International during the third quarter worth approximately $2,721,000. Finally, Kinsale Capital Group Inc. bought a new position in Marriott International in the 3rd quarter worth approximately $3,769,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Bank of America boosted their price target on Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. The Goldman Sachs Group raised their target price on shares of Marriott International from $280.00 to $314.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. 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 report on Thursday, January 16th. Robert W. Baird boosted their target price on Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Finally, Jefferies Financial Group lifted their price target on Marriott International from $251.00 to $295.00 and gave the company a “hold” rating in a research report on Thursday, January 2nd. Fourteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $272.15.

Marriott International Trading Up 1.0 %

NASDAQ:MAR opened at $280.41 on Thursday. Marriott International, Inc. has a 1-year low of $204.55 and a 1-year high of $295.45. The firm has a market capitalization of $77.92 billion, a price-to-earnings ratio of 29.33, a PEG ratio of 4.59 and a beta of 1.57. The business’s fifty day moving average price is $282.19 and its 200 day moving average price is $256.65.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing the consensus estimate of $2.31 by ($0.05). Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The company had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.27 billion. During the same quarter in the prior year, the business posted $2.11 earnings per share. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. Equities analysts forecast that Marriott International, Inc. will post 9.25 earnings per share for the current year.

Marriott International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Thursday, November 21st were given a dividend of $0.63 per share. The ex-dividend date was Thursday, November 21st. This represents a $2.52 dividend on an annualized basis and a yield of 0.90%. Marriott International’s payout ratio is 26.36%.

Insiders Place Their Bets

In other Marriott International news, CAO Felitia Lee sold 916 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $276.48, for a total transaction of $253,255.68. Following the transaction, the chief accounting officer now directly owns 5,609 shares in the company, valued at $1,550,776.32. This trade represents a 14.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Benjamin T. Breland sold 500 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total value of $137,245.00. Following the sale, the executive vice president now owns 12,286 shares of the company’s stock, valued at approximately $3,372,384.14. This trade represents a 3.91 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,815 shares of company stock valued at $3,919,739 in the last three months. Insiders own 12.32% of the company’s stock.

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.