Marriott International, Inc. (NASDAQ:MAR) Shares Acquired by Alliancebernstein L.P.

Alliancebernstein L.P. increased its stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 0.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 580,110 shares of the company's stock after purchasing an additional 2,517 shares during the period. Alliancebernstein L.P. owned 0.21% of Marriott International worth $161,816,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of MAR. TFG Advisers LLC raised its stake in Marriott International by 0.8% in the 4th quarter. TFG Advisers LLC now owns 4,426 shares of the company's stock worth $1,235,000 after acquiring an additional 37 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in Marriott International by 1.2% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,290 shares of the company's stock worth $918,000 after buying an additional 38 shares during the last quarter. Evermay Wealth Management LLC boosted its holdings in shares of Marriott International by 1.1% in the 4th quarter. Evermay Wealth Management LLC now owns 3,415 shares of the company's stock valued at $953,000 after acquiring an additional 38 shares during the last quarter. Essex Financial Services Inc. lifted its position in Marriott International by 1.3% during the fourth quarter. Essex Financial Services Inc. now owns 3,004 shares of the company's stock valued at $838,000 after purchasing an additional 39 shares during the period. Finally, Monument Capital Management grew its position in Marriott International by 5.2% during the 4th quarter. Monument Capital Management now owns 853 shares of the company's stock worth $238,000 after purchasing an additional 42 shares during the period. Institutional investors and hedge funds own 70.70% of the company's stock.

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Insider Buying and Selling

In related news, insider William P. Brown sold 12,642 shares of Marriott International stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $285.63, for a total value of $3,610,934.46. Following the completion of the transaction, the insider now owns 30,919 shares in the company, valued at approximately $8,831,393.97. The trade was a 29.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Kathleen K. Oberg sold 14,498 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $278.07, for a total transaction of $4,031,458.86. Following the sale, the chief financial officer now owns 14,282 shares in the company, valued at approximately $3,971,395.74. This trade represents a 50.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 31,694 shares of company stock valued at $8,938,132. Company insiders own 12.32% of the company's stock.

Marriott International Trading Down 4.5 %

MAR stock traded down $10.04 during trading on Friday, reaching $214.58. 3,573,896 shares of the stock were exchanged, compared to its average volume of 1,524,474. The business has a 50 day moving average price of $267.40 and a 200-day moving average price of $270.62. The firm has a market capitalization of $59.22 billion, a price-to-earnings ratio of 25.79, a P/E/G ratio of 3.42 and a beta of 1.42. Marriott International, Inc. has a 1 year low of $204.55 and a 1 year high of $307.52.

Marriott International (NASDAQ:MAR - Get Free Report) last posted its earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.08. Marriott International had a negative return on equity of 116.67% and a net margin of 9.46%. On average, research analysts anticipate that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, February 27th were paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend was Thursday, February 27th. Marriott International's dividend payout ratio (DPR) is 30.29%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Wells Fargo & Company dropped their target price on Marriott International from $285.00 to $277.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 18th. The Goldman Sachs Group lifted their target price on shares of Marriott International from $280.00 to $314.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. UBS Group raised their price target on shares of Marriott International from $294.00 to $301.00 and gave the company a "neutral" rating in a research report on Wednesday, February 12th. Susquehanna increased their target price on shares of Marriott International from $255.00 to $285.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Finally, Barclays reduced their price target on Marriott International from $287.00 to $283.00 and set an "equal weight" rating for the company in a report on Wednesday, February 12th. Thirteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $286.05.

Marriott International 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.