Fiduciary Group LLC Sells 2,113 Shares of Marriott International, Inc. (NASDAQ:MAR)

Fiduciary Group LLC reduced its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 10.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,225 shares of the company’s stock after selling 2,113 shares during the quarter. Fiduciary Group LLC’s holdings in Marriott International were worth $3,884,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Parnassus Investments LLC bought a new stake in Marriott International during the 3rd quarter worth approximately $481,621,000. FMR LLC grew its holdings in shares of Marriott International by 16.1% during the third quarter. FMR LLC now owns 8,634,610 shares of the company’s stock worth $1,697,219,000 after purchasing an additional 1,194,665 shares during the last quarter. Jennison Associates LLC increased its stake in shares of Marriott International by 34.8% in the fourth quarter. Jennison Associates LLC now owns 4,547,098 shares of the company’s stock valued at $1,025,416,000 after buying an additional 1,173,028 shares in the last quarter. International Assets Investment Management LLC lifted its position in Marriott International by 1,487.6% during the 4th quarter. International Assets Investment Management LLC now owns 345,246 shares of the company’s stock worth $77,856,000 after buying an additional 323,500 shares in the last quarter. Finally, Raymond James & Associates grew its holdings in Marriott International by 33.0% during the 3rd quarter. Raymond James & Associates now owns 540,684 shares of the company’s stock worth $106,277,000 after acquiring an additional 134,079 shares during the last quarter. 70.70% of the stock is owned by institutional investors.

Marriott International Price Performance

Shares of MAR traded down $1.10 during midday trading on Friday, hitting $240.84. The stock had a trading volume of 1,065,547 shares, compared to its average volume of 1,409,872. The firm has a market cap of $69.60 billion, a price-to-earnings ratio of 23.63, a price-to-earnings-growth ratio of 5.37 and a beta of 1.62. The company has a 50 day simple moving average of $248.36 and a two-hundred day simple moving average of $227.23. Marriott International, Inc. has a twelve month low of $162.77 and a twelve month high of $260.57.

Marriott International (NASDAQ:MAR) last released its earnings results on Tuesday, February 13th. The company reported $3.57 EPS for the quarter, beating the consensus estimate of $2.12 by $1.45. The firm had revenue of $6.10 billion for the quarter, compared to analysts’ expectations of $6.20 billion. Marriott International had a negative return on equity of 848.49% and a net margin of 13.00%. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.96 EPS. Analysts forecast that Marriott International, Inc. will post 9.46 EPS for the current fiscal year.

Marriott International Announces Dividend

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

Analyst Upgrades and Downgrades

MAR has been the topic of a number of research reports. Wells Fargo & Company upped their target price 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 increased their price objective on Marriott International from $205.00 to $227.00 and gave the company a “hold” rating in a research report on Tuesday, January 2nd. Barclays boosted their target price on Marriott International from $239.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Friday, April 19th. Mizuho reduced their target price on shares of Marriott International from $263.00 to $260.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 23rd. Finally, Robert W. Baird decreased their price objective on Marriott International from $250.00 to $248.00 and set a “neutral” rating for the company in a research note on Wednesday, February 14th. Eleven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $236.69.

Insiders Place Their Bets

In other Marriott International news, CEO Anthony Capuano sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $248.48, for a total value of $4,969,600.00. Following the completion of the transaction, the chief executive officer now directly owns 93,323 shares in the company, valued at $23,188,899.04. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Marriott International news, CEO Anthony Capuano sold 20,000 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $248.48, for a total value of $4,969,600.00. Following the completion of the sale, the chief executive officer now owns 93,323 shares in the company, valued at $23,188,899.04. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Eric Hippeau sold 2,600 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $237.40, for a total transaction of $617,240.00. Following the transaction, the director now owns 1,472 shares in the company, valued at $349,452.80. The disclosure for this sale can be found here. Insiders have sold 125,003 shares of company stock valued at $30,435,493 in the last three months. 12.32% of the stock is currently owned by corporate insiders.

About Marriott International

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.