Envestnet Asset Management Inc. Has $52.95 Million Holdings in Marriott International, Inc. (NASDAQ:MAR)

Envestnet Asset Management Inc. boosted its stake in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 1.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 189,810 shares of the company's stock after purchasing an additional 3,508 shares during the quarter. Envestnet Asset Management Inc. owned about 0.07% of Marriott International worth $52,946,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. MML Investors Services LLC lifted its position in Marriott International by 1.8% during the 3rd quarter. MML Investors Services LLC now owns 19,570 shares of the company's stock worth $4,865,000 after acquiring an additional 351 shares during the period. Coldstream Capital Management Inc. increased its stake in shares of Marriott International by 11.4% in the 3rd quarter. Coldstream Capital Management Inc. now owns 5,833 shares of the company's stock valued at $1,470,000 after purchasing an additional 598 shares in the last quarter. Toronto Dominion Bank raised its stake in shares of Marriott International by 4.5% during the 3rd quarter. Toronto Dominion Bank now owns 126,483 shares of the company's stock worth $31,444,000 after buying an additional 5,443 shares during the period. Invst LLC lifted its holdings in Marriott International by 3.1% during the third quarter. Invst LLC now owns 8,258 shares of the company's stock valued at $2,053,000 after purchasing an additional 252 shares in the last quarter. Finally, Diamant Asset Management Inc. acquired a new stake in Marriott International in the 3rd quarter worth about $373,000. Hedge funds and other institutional investors own 70.70% of the company's stock.

Remove Ads

Insider Transactions at Marriott International

In other Marriott International news, insider William P. Brown sold 12,642 shares of the business's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $285.63, for a total transaction of $3,610,934.46. Following the sale, the insider now directly owns 30,919 shares of the company's stock, valued at $8,831,393.97. The trade was a 29.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Susan C. Schwab sold 1,054 shares of the firm's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $277.48, for a total transaction of $292,463.92. Following the completion of the transaction, the director now directly owns 4,551 shares of the company's stock, valued at $1,262,811.48. This represents a 18.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 31,694 shares of company stock valued at $8,938,132 over the last 90 days. 12.32% of the stock is owned by company insiders.

Marriott International Trading Down 0.4 %

MAR traded down $1.00 during trading on Tuesday, hitting $222.49. The stock had a trading volume of 743,111 shares, compared to its average volume of 1,564,893. The company has a 50 day simple moving average of $256.42 and a 200-day simple moving average of $269.28. The firm has a market cap of $61.40 billion, a PE ratio of 26.74, a P/E/G ratio of 3.42 and a beta of 1.42. 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 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%. As a group, sell-side analysts anticipate that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on MAR. Morgan Stanley upped their price target on Marriott International from $289.00 to $298.00 and gave the company an "overweight" rating in a research report on Tuesday, March 4th. Barclays lowered their price objective on shares of Marriott International from $287.00 to $283.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 12th. Mizuho boosted their price target on shares of Marriott International from $246.00 to $293.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Wells Fargo & Company reduced their price objective on Marriott International from $285.00 to $277.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 18th. Finally, The Goldman Sachs Group reiterated a "neutral" rating and issued a $245.00 price target (down previously from $313.00) on shares of Marriott International in a research note on Monday. Fourteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price 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.