Headlands Technologies LLC Cuts Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

Headlands Technologies LLC cut its holdings in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 88.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,556 shares of the company's stock after selling 12,259 shares during the period. Headlands Technologies LLC's holdings in Marriott International were worth $434,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of MAR. TFG Advisers LLC raised its position in shares of Marriott International by 0.8% in the fourth quarter. TFG Advisers LLC now owns 4,426 shares of the company's stock valued at $1,235,000 after buying an additional 37 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in Marriott International by 1.2% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,290 shares of the company's stock valued at $918,000 after acquiring an additional 38 shares in the last quarter. Evermay Wealth Management LLC lifted its position in shares of Marriott International by 1.1% during the 4th quarter. Evermay Wealth Management LLC now owns 3,415 shares of the company's stock valued at $953,000 after acquiring an additional 38 shares during the period. Essex Financial Services Inc. grew its holdings in shares of Marriott International by 1.3% during the 4th quarter. Essex Financial Services Inc. now owns 3,004 shares of the company's stock worth $838,000 after purchasing an additional 39 shares in the last quarter. Finally, Monument Capital Management increased its position in shares of Marriott International by 5.2% in the fourth quarter. Monument Capital Management now owns 853 shares of the company's stock worth $238,000 after purchasing an additional 42 shares during the period. 70.70% of the stock is owned by institutional investors.

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Insider Transactions at Marriott International

In related news, insider William P. Brown sold 12,642 shares of Marriott International stock in a transaction on Friday, February 21st. The shares were sold at an average price of $285.63, for a total value of $3,610,934.46. Following the completion of the sale, the insider now owns 30,919 shares of the company's stock, valued at approximately $8,831,393.97. This trade represents a 29.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Susan C. Schwab sold 1,054 shares of the company's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $277.48, for a total transaction of $292,463.92. Following the transaction, the director now owns 4,551 shares in the company, valued at approximately $1,262,811.48. The trade was a 18.80 % 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 corporate insiders.

Marriott International Price Performance

NASDAQ MAR traded down $1.22 during mid-day trading on Monday, reaching $213.36. 3,900,178 shares of the stock were exchanged, compared to its average volume of 1,533,937. The stock has a market cap of $58.88 billion, a P/E ratio of 25.64, a P/E/G ratio of 3.42 and a beta of 1.42. Marriott International, Inc. has a one year low of $203.20 and a one year high of $307.52. The stock has a 50 day simple moving average of $267.40 and a 200-day simple moving average of $270.85.

Marriott International (NASDAQ:MAR - Get Free Report) last issued 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%. Sell-side analysts anticipate that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, February 27th were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend was Thursday, February 27th. Marriott International's dividend payout ratio (DPR) is currently 30.29%.

Analysts Set New Price Targets

MAR has been the topic of several recent analyst reports. The Goldman Sachs Group lifted their price target on Marriott International from $280.00 to $314.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. Mizuho lifted their target price on Marriott International from $246.00 to $293.00 and gave the company a "neutral" rating in a research report on Wednesday, February 12th. 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. JPMorgan Chase & Co. upped their price objective on shares of Marriott International from $251.00 to $269.00 and gave the stock a "neutral" rating in a research report on Friday, December 13th. Finally, Barclays cut their target price on shares of Marriott International from $287.00 to $283.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 12th. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $286.05.

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.