7,088 Shares in Marriott International, Inc. (NASDAQ:MAR) Purchased by Allstate Corp

Allstate Corp acquired a new stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 7,088 shares of the company's stock, valued at approximately $1,977,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Hopwood Financial Services Inc. purchased a new stake in Marriott International during the 4th quarter valued at $25,000. Bell Investment Advisors Inc grew its stake in shares of Marriott International by 112.2% in the fourth quarter. Bell Investment Advisors Inc now owns 104 shares of the company's stock worth $29,000 after purchasing an additional 55 shares during the last quarter. Sound Income Strategies LLC raised its position in Marriott International by 494.4% during the 4th quarter. Sound Income Strategies LLC now owns 107 shares of the company's stock valued at $30,000 after purchasing an additional 89 shares during the last quarter. Wingate Wealth Advisors Inc. purchased a new stake in Marriott International in the 4th quarter worth approximately $33,000. Finally, ORG Partners LLC increased its stake in shares of Marriott International by 158.5% during the fourth quarter. ORG Partners LLC now owns 137 shares of the company's stock valued at $38,000 after buying an additional 84 shares during the period. Institutional investors own 70.70% of the company's stock.

Analyst Upgrades and Downgrades

MAR has been the subject of several research reports. The Goldman Sachs Group upped their price objective on shares of Marriott International from $280.00 to $314.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. JPMorgan Chase & Co. lifted their price objective on Marriott International from $251.00 to $269.00 and gave the company a "neutral" rating in a research report on Friday, December 13th. Argus increased their target price on Marriott International from $300.00 to $330.00 and gave the stock a "buy" rating in a research report on Thursday, January 16th. Mizuho upped their price target on Marriott International from $246.00 to $293.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Finally, Jefferies Financial Group boosted their target price on shares of Marriott International from $251.00 to $295.00 and gave the company a "hold" rating in a report on Thursday, January 2nd. Thirteen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $286.05.

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Marriott International Price Performance

NASDAQ MAR traded up $0.04 during trading hours on Tuesday, hitting $238.24. The company's stock had a trading volume of 1,451,116 shares, compared to its average volume of 1,503,048. The company has a market cap of $65.68 billion, a P/E ratio of 28.63, a price-to-earnings-growth ratio of 3.42 and a beta of 1.58. The company's 50 day simple moving average is $271.54 and its two-hundred day simple moving average is $270.98. Marriott International, Inc. has a 12 month low of $204.55 and a 12 month high of $307.52.

Marriott International (NASDAQ:MAR - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share for the quarter, beating 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%. As a group, research analysts predict that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, February 27th were given a dividend of $0.63 per share. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $2.52 annualized dividend and a yield of 1.06%. Marriott International's dividend payout ratio (DPR) is 30.29%.

Insider Buying and Selling at Marriott International

In other Marriott International news, CFO Kathleen K. Oberg sold 14,498 shares of the company's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $278.07, for a total value of $4,031,458.86. Following the completion of the sale, the chief financial officer now owns 14,282 shares in the company, valued at $3,971,395.74. This represents a 50.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Rena Hozore Reiss sold 3,500 shares of Marriott International stock in a transaction dated 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 transaction, the executive vice president now directly owns 24,733 shares in the company, valued at approximately $7,089,714.45. The trade was a 12.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,694 shares of company stock valued at $8,938,132. Insiders own 12.32% of the company's stock.

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, City Express by Marriott, and St.