Crake Asset Management LLP Lowers Holdings in Marriott International, Inc. (NASDAQ:MAR)

Crake Asset Management LLP cut its position in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 74.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,300 shares of the company's stock after selling 126,007 shares during the period. Marriott International accounts for about 1.3% of Crake Asset Management LLP's investment portfolio, making the stock its 7th biggest position. Crake Asset Management LLP's holdings in Marriott International were worth $12,357,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of MAR. Invst LLC grew its position in Marriott International by 3.1% during the 3rd quarter. Invst LLC now owns 8,258 shares of the company's stock worth $2,053,000 after acquiring an additional 252 shares during the last quarter. Diamant Asset Management Inc. acquired a new stake in Marriott International in the third quarter worth about $373,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Marriott International during the third quarter worth approximately $1,260,000. Optimist Retirement Group LLC lifted its stake in shares of Marriott International by 7.7% in the 3rd quarter. Optimist Retirement Group LLC now owns 894 shares of the company's stock valued at $222,000 after purchasing an additional 64 shares during the period. Finally, Tidal Investments LLC boosted its holdings in Marriott International by 86.8% during the third quarter. Tidal Investments LLC now owns 16,375 shares of the company's stock worth $4,071,000 after buying an additional 7,607 shares during the last quarter. Institutional investors and hedge funds own 70.70% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on MAR shares. Argus lifted their price target on shares of Marriott International from $300.00 to $330.00 and gave the stock a "buy" rating in a research report on Thursday, January 16th. Barclays decreased their price target on shares of Marriott International from $283.00 to $236.00 and set an "equal weight" rating for the company in a research note on Tuesday. UBS Group increased their target price on shares of Marriott International from $294.00 to $301.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Stifel Nicolaus lowered their price target on shares of Marriott International from $295.00 to $240.00 and set a "hold" rating on the stock in a research note on Wednesday, April 16th. Finally, Morgan Stanley decreased their price objective on Marriott International from $275.00 to $267.00 and set an "overweight" rating for the company in a report on Tuesday. Fourteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $273.10.

Marriott International Trading Up 2.3 %

Marriott International stock opened at $220.59 on Wednesday. The company has a market capitalization of $60.87 billion, a price-to-earnings ratio of 26.51, a PEG ratio of 3.42 and a beta of 1.42. The stock's 50 day moving average is $247.22 and its 200-day moving average is $267.90. 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 posted its earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share for the quarter, topping analysts' consensus estimates 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, equities 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. Stockholders of record on Thursday, February 27th were issued 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 dividend yield of 1.14%. Marriott International's dividend payout ratio is presently 30.29%.

Insider Activity at Marriott International

In other Marriott International news, EVP Rena Hozore Reiss sold 3,500 shares of the company's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $286.65, for a total value of $1,003,275.00. Following the completion of the transaction, the executive vice president now owns 24,733 shares of the company's stock, valued at $7,089,714.45. This represents a 12.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Kathleen K. Oberg sold 14,498 shares of the business's 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 directly owns 14,282 shares in the company, valued at $3,971,395.74. The trade was a 50.38 % 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 worth $8,938,132. Company insiders own 10.68% of the company's stock.

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.

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