Folger Nolan Fleming Douglas Capital Management Inc. Reduces Position in Marriott International, Inc. (NASDAQ:MAR)

Folger Nolan Fleming Douglas Capital Management Inc. decreased its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 0.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,871 shares of the company’s stock after selling 535 shares during the quarter. Marriott International makes up 1.5% of Folger Nolan Fleming Douglas Capital Management Inc.’s portfolio, making the stock its 19th largest position. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Marriott International were worth $13,502,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank OZK raised its holdings in shares of Marriott International by 2.5% in the 4th quarter. Bank OZK now owns 5,527 shares of the company’s stock valued at $1,246,000 after purchasing an additional 133 shares in the last quarter. Valmark Advisers Inc. raised its holdings in shares of Marriott International by 5.2% in the 4th quarter. Valmark Advisers Inc. now owns 2,017 shares of the company’s stock valued at $455,000 after purchasing an additional 100 shares in the last quarter. First Fiduciary Investment Counsel Inc. raised its holdings in shares of Marriott International by 1.0% in the 4th quarter. First Fiduciary Investment Counsel Inc. now owns 38,600 shares of the company’s stock valued at $8,705,000 after purchasing an additional 376 shares in the last quarter. Motley Fool Asset Management LLC grew its position in shares of Marriott International by 3.7% in the 4th quarter. Motley Fool Asset Management LLC now owns 8,088 shares of the company’s stock worth $1,824,000 after buying an additional 286 shares during the last quarter. Finally, Syon Capital LLC grew its position in shares of Marriott International by 6.0% in the 4th quarter. Syon Capital LLC now owns 4,373 shares of the company’s stock worth $986,000 after buying an additional 247 shares during the last quarter. Institutional investors own 70.70% of the company’s stock.

Marriott International Trading Down 0.5 %

NASDAQ:MAR traded down $1.10 during trading hours on Friday, reaching $240.84. 1,065,547 shares of the company were exchanged, compared to its average volume of 1,409,872. The stock’s 50-day moving average is $248.36 and its 200-day moving average is $227.03. The firm has a market cap of $69.60 billion, a PE ratio of 23.63, a price-to-earnings-growth ratio of 5.40 and a beta of 1.62. Marriott International, Inc. has a twelve month low of $162.77 and a twelve month high of $260.57.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $3.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.12 by $1.45. The company had revenue of $6.10 billion during the quarter, compared to analysts’ expectations of $6.20 billion. Marriott International had a net margin of 13.00% and a negative return on equity of 848.49%. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.96 earnings per share. As a group, research analysts anticipate that Marriott International, Inc. will post 9.46 EPS for the current year.

Marriott International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, February 22nd were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date was Wednesday, February 21st. Marriott International’s dividend payout ratio (DPR) is 20.41%.

Wall Street Analyst Weigh In

MAR has been the topic of a number of analyst reports. UBS Group lifted their price objective on shares of Marriott International from $210.00 to $259.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 28th. Barclays lifted their price objective on shares of Marriott International from $239.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Friday, April 19th. Wells Fargo & Company lifted their price objective on shares of Marriott International from $234.00 to $250.00 and gave the stock an “equal weight” rating in a research report on Monday, March 18th. Jefferies Financial Group boosted their target price on shares of Marriott International from $205.00 to $227.00 and gave the stock a “hold” rating in a research report on Tuesday, January 2nd. Finally, Robert W. Baird dropped their target price on shares of Marriott International from $250.00 to $248.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 14th. Eleven analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $236.69.

Insider Activity

In other news, EVP Rena Hozore Reiss sold 3,563 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $240.39, for a total value of $856,509.57. Following the completion of the sale, the executive vice president now directly owns 36,778 shares in the company, valued at $8,841,063.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, EVP Rena Hozore Reiss sold 3,563 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $240.39, for a total value of $856,509.57. Following the completion of the sale, the executive vice president now owns 36,778 shares of the company’s stock, valued at $8,841,063.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Eric Hippeau sold 1,400 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $251.19, for a total transaction of $351,666.00. Following the completion of the sale, the director now directly owns 72 shares of the company’s stock, valued at approximately $18,085.68. The disclosure for this sale can be found here. Insiders sold 125,003 shares of company stock worth $30,435,493 over 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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.