Blue Edge Capital LLC Reduces Stock Position in Marriott International, Inc. (NASDAQ:MAR)

Blue Edge Capital LLC lessened its holdings in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 5.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,481 shares of the company's stock after selling 1,252 shares during the period. Blue Edge Capital LLC's holdings in Marriott International were worth $5,992,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of MAR. FMR LLC boosted its stake in Marriott International by 0.8% during the fourth quarter. FMR LLC now owns 6,973,897 shares of the company's stock worth $1,945,299,000 after acquiring an additional 56,978 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Marriott International by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 5,026,529 shares of the company's stock worth $1,398,321,000 after purchasing an additional 60,458 shares during the period. Wellington Management Group LLP raised its holdings in Marriott International by 50.8% during the fourth quarter. Wellington Management Group LLP now owns 4,661,101 shares of the company's stock worth $1,300,168,000 after buying an additional 1,570,144 shares during the last quarter. Invesco Ltd. raised its stake in shares of Marriott International by 17.4% in the fourth quarter. Invesco Ltd. now owns 3,469,070 shares of the company's stock worth $967,662,000 after purchasing an additional 512,963 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Marriott International in the fourth quarter valued at approximately $580,922,000. Institutional investors own 70.70% of the company's stock.

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Marriott International Stock Down 0.6 %

NASDAQ:MAR traded down $1.31 during trading hours on Tuesday, hitting $222.18. 608,623 shares of the company's stock traded hands, compared to its average volume of 1,564,258. The firm has a market cap of $61.31 billion, a P/E ratio of 26.70, a P/E/G ratio of 3.42 and a beta of 1.42. The business's fifty day simple moving average is $256.42 and its two-hundred day simple moving average is $269.28. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $307.52.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 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, analysts expect that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, February 27th were paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.13%. The ex-dividend date was Thursday, February 27th. Marriott International's dividend payout ratio (DPR) is currently 30.29%.

Insider Activity

In other Marriott International news, CFO Kathleen K. Oberg sold 14,498 shares of the business's stock in a transaction on Friday, February 21st. The shares were 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 directly owns 14,282 shares of the company's stock, valued at $3,971,395.74. The trade was a 50.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Rena Hozore Reiss sold 3,500 shares of the firm's 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 $7,089,714.45. This trade represents a 12.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 31,694 shares of company stock worth $8,938,132. 12.32% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on MAR. Barclays dropped their price objective on Marriott International from $287.00 to $283.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 12th. Wells Fargo & Company cut their price target on shares of Marriott International from $285.00 to $277.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 18th. Morgan Stanley lifted their target price on shares of Marriott International from $289.00 to $298.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 4th. Evercore ISI raised Marriott International from an "in-line" rating to an "outperform" rating and set a $330.00 price target for the company in a research report on Tuesday, February 4th. Finally, UBS Group lifted their target price on Marriott International from $294.00 to $301.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Fourteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $279.15.

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.