CIBC Private Wealth Group LLC Sells 4,978 Shares of Marriott International, Inc. (NASDAQ:MAR)

CIBC Private Wealth Group LLC lessened its holdings in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 2.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 197,186 shares of the company's stock after selling 4,978 shares during the quarter. CIBC Private Wealth Group LLC owned 0.07% of Marriott International worth $53,936,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Townsquare Capital LLC grew its holdings in shares of Marriott International by 22.3% in the third quarter. Townsquare Capital LLC now owns 7,393 shares of the company's stock worth $1,838,000 after purchasing an additional 1,349 shares during the last quarter. CreativeOne Wealth LLC increased its position in shares of Marriott International by 7.5% in the third quarter. CreativeOne Wealth LLC now owns 1,772 shares of the company's stock valued at $441,000 after acquiring an additional 123 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Marriott International by 1.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,185 shares of the company's stock worth $11,482,000 after purchasing an additional 435 shares during the period. Public Sector Pension Investment Board grew its stake in shares of Marriott International by 5.9% in the third quarter. Public Sector Pension Investment Board now owns 8,944 shares of the company's stock worth $2,223,000 after purchasing an additional 500 shares during the last quarter. Finally, Edgestream Partners L.P. raised its position in Marriott International by 18.8% during the 3rd quarter. Edgestream Partners L.P. now owns 6,141 shares of the company's stock valued at $1,527,000 after purchasing an additional 970 shares during the last quarter. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on MAR. Evercore ISI upgraded Marriott International from an "in-line" rating to an "outperform" rating and set a $330.00 target price for the company in a report on Tuesday, February 4th. Susquehanna lifted their target price on shares of Marriott International from $255.00 to $285.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. The Goldman Sachs Group increased their price target on shares of Marriott International from $280.00 to $314.00 and gave the stock a "buy" rating in a research note on Tuesday, December 10th. Morgan Stanley upped their target price on Marriott International from $289.00 to $298.00 and gave the stock an "overweight" rating in a report on Tuesday, March 4th. Finally, JPMorgan Chase & Co. raised 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. Thirteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $286.05.

Marriott International Stock Performance

Shares of NASDAQ:MAR traded down $10.04 during midday trading on Friday, reaching $214.58. 3,573,896 shares of the company's stock traded hands, compared to its average volume of 1,523,553. Marriott International, Inc. has a one year low of $204.55 and a one year high of $307.52. The stock has a 50 day moving average of $267.40 and a 200 day moving average of $270.38. The company has a market cap 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 (NASDAQ:MAR - Get Free Report) last announced its earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share for the quarter, beating analysts' consensus estimates of $2.37 by $0.08. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. Sell-side analysts predict that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Announces Dividend

The firm also recently disclosed 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 annualized dividend 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 presently 30.29%.

Insider Activity at Marriott International

In other Marriott International news, CFO Kathleen K. Oberg sold 14,498 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The shares were 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider William P. Brown sold 12,642 shares of the company's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $285.63, for a total transaction of $3,610,934.46. Following the completion of the transaction, the insider now directly owns 30,919 shares of the company's stock, valued at $8,831,393.97. This represents a 29.02 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,694 shares of company stock worth $8,938,132. 12.32% of the stock is owned by company insiders.

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.