Cullen Frost Bankers Inc. Buys 1,569 Shares of Marriott International, Inc. (NASDAQ:MAR)

Cullen Frost Bankers Inc. lifted its holdings in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 3.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,068 shares of the company's stock after buying an additional 1,569 shares during the quarter. Cullen Frost Bankers Inc.'s holdings in Marriott International were worth $12,571,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Sound Income Strategies LLC lifted its holdings in shares of Marriott International by 494.4% during the fourth 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. bought a new stake in shares of Marriott International during the fourth quarter valued at approximately $33,000. Darwin Wealth Management LLC bought a new position in Marriott International in the 3rd quarter valued at approximately $33,000. Heck Capital Advisors LLC purchased a new stake in Marriott International during the 4th quarter valued at $38,000. Finally, ORG Partners LLC raised its stake in shares of Marriott International by 158.5% in the fourth quarter. ORG Partners LLC now owns 137 shares of the company's stock worth $38,000 after purchasing an additional 84 shares during the last quarter. 70.70% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Marriott International

In other news, insider William P. Brown sold 12,642 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $8,831,393.97. This represents a 29.02 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kathleen K. Oberg sold 14,498 shares of the business's stock in a transaction 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 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 position. The disclosure for this sale can be found here. Insiders sold 31,694 shares of company stock valued at $8,938,132 in the last 90 days. Insiders own 12.32% of the company's stock.

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Marriott International Stock Down 2.1 %

NASDAQ:MAR traded down $5.53 on Monday, reaching $257.22. 2,443,778 shares of the company's stock traded hands, compared to its average volume of 1,418,148. The firm has a market cap of $70.91 billion, a PE ratio of 30.92, a P/E/G ratio of 3.42 and a beta of 1.58. The stock has a 50-day simple moving average of $281.57 and a 200-day simple moving average of $269.27. 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 quarterly earnings results on Tuesday, February 11th. The company reported $2.45 EPS 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%. On average, equities analysts anticipate that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, February 27th will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend is Thursday, February 27th. Marriott International's payout ratio is currently 30.29%.

Analyst Ratings Changes

MAR has been the subject of several research analyst reports. Barclays reduced their price objective 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. UBS Group increased their price objective 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. 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. JPMorgan Chase & Co. increased their price target on Marriott International from $251.00 to $269.00 and gave the company a "neutral" rating in a report on Friday, December 13th. Finally, Argus lifted their price objective on Marriott International from $300.00 to $330.00 and gave the stock a "buy" rating in a report on Thursday, January 16th. Thirteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $286.45.

Marriott International Company 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.