Frank Rimerman Advisors LLC Decreases Position in Marriott International, Inc. (NASDAQ:MAR)

Frank Rimerman Advisors LLC lessened its holdings in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 49.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,442 shares of the company's stock after selling 3,398 shares during the quarter. Frank Rimerman Advisors LLC's holdings in Marriott International were worth $960,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in MAR. Pinnacle Financial Partners Inc purchased a new position in shares of Marriott International during the third quarter valued at $99,000. Oppenheimer Asset Management Inc. increased its position in Marriott International by 12.5% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 2,122 shares of the company's stock valued at $528,000 after purchasing an additional 235 shares during the period. Impax Asset Management Group plc lifted its position in shares of Marriott International by 3.0% in the 3rd quarter. Impax Asset Management Group plc now owns 31,614 shares of the company's stock worth $7,859,000 after purchasing an additional 930 shares during the period. OneDigital Investment Advisors LLC increased its holdings in Marriott International by 1.6% during the third quarter. OneDigital Investment Advisors LLC now owns 6,107 shares of the company's stock valued at $1,518,000 after buying an additional 95 shares during the period. Finally, CIBC Asset Management Inc raised its stake in Marriott International by 3.8% in the third quarter. CIBC Asset Management Inc now owns 81,964 shares of the company's stock worth $20,376,000 after buying an additional 2,994 shares in the last quarter. 70.70% of the stock is owned by hedge funds and other institutional investors.

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Marriott International Trading Down 1.1 %

NASDAQ MAR traded down $2.78 on Thursday, hitting $244.84. 922,585 shares of the company's stock traded hands, compared to its average volume of 1,415,920. The firm's 50-day moving average price is $276.77 and its two-hundred day moving average price is $269.96. The firm has a market capitalization of $67.50 billion, a PE ratio of 29.43, a P/E/G ratio of 3.42 and a beta of 1.58. Marriott International, Inc. has a 1-year low of $204.55 and a 1-year 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, beating the consensus estimate of $2.37 by $0.08. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. On average, research analysts anticipate that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, February 27th will be given a $0.63 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $2.52 annualized dividend and a yield of 1.03%. Marriott International's dividend payout ratio is presently 30.29%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MAR. Jefferies Financial Group lifted their price target on Marriott International from $251.00 to $295.00 and gave the company a "hold" rating in a report on Thursday, January 2nd. Evercore ISI upgraded Marriott International from an "in-line" rating to an "outperform" rating and set a $330.00 target price on the stock in a research note on Tuesday, February 4th. Barclays decreased their price target 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. Morgan Stanley lifted their price objective 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. Finally, The Goldman Sachs Group raised their target price on shares of Marriott International from $280.00 to $314.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. Thirteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $286.45.

Insider Transactions at Marriott International

In other news, Director Susan C. Schwab sold 1,054 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $277.48, for a total transaction of $292,463.92. Following the sale, the director now directly owns 4,551 shares in the company, valued at $1,262,811.48. This trade represents a 18.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider William P. Brown sold 12,642 shares of the company's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $285.63, for a total value 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. The trade was a 29.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,694 shares of company stock valued at $8,938,132 in the last 90 days. 12.32% of the stock is currently owned by company insiders.

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.