5,038 Shares in Marriott International, Inc. (NASDAQ:MAR) Acquired by Heritage Trust Co

Heritage Trust Co acquired a new position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 5,038 shares of the company's stock, valued at approximately $1,405,000.

Other institutional investors have also made changes to their positions in the company. Straightline Group LLC acquired a new stake in shares of Marriott International in the fourth quarter worth $495,000. NewEdge Wealth LLC grew its holdings in shares of Marriott International by 34.4% during the 4th quarter. NewEdge Wealth LLC now owns 4,345 shares of the company's stock worth $1,212,000 after purchasing an additional 1,112 shares in the last quarter. Oddo BHF Asset Management Sas bought a new position in Marriott International in the third quarter valued at approximately $2,721,000. Union Bancaire Privee UBP SA acquired a new position in shares of Marriott International in the 4th quarter valued at $2,990,000. Finally, Markel Group Inc. increased its holdings in Marriott International by 30.6% in the fourth quarter. Markel Group Inc. now owns 47,000 shares of the company's stock valued at $13,110,000 after purchasing an additional 11,000 shares during the last quarter. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Susan C. Schwab sold 1,054 shares of Marriott International 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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider William P. Brown sold 12,642 shares of the firm's stock in a transaction on 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 transaction, the insider now directly owns 30,919 shares of the company's stock, valued at approximately $8,831,393.97. This represents a 29.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 31,694 shares of company stock worth $8,938,132 in the last 90 days. Insiders own 12.32% of the company's stock.

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Marriott International Trading Down 0.4 %

NASDAQ MAR traded down $0.91 on Tuesday, hitting $222.58. 1,204,622 shares of the company's stock were exchanged, compared to its average volume of 1,567,069. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $307.52. The stock has a 50-day moving average of $256.42 and a 200-day moving average of $269.28. The stock has a market cap of $61.42 billion, a price-to-earnings ratio of 26.75, a P/E/G ratio of 3.42 and a beta of 1.42.

Marriott International (NASDAQ:MAR - Get Free Report) last released its earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, beating 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, analysts predict that Marriott International, Inc. will post 10.1 earnings per share for the current 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 paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date was Thursday, February 27th. Marriott International's payout ratio is 30.29%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on MAR shares. Evercore ISI raised shares of Marriott International from an "in-line" rating to an "outperform" rating and set a $330.00 price target for the company in a report on Tuesday, February 4th. Wells Fargo & Company dropped their price target on Marriott International from $285.00 to $277.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 18th. Jefferies Financial Group lowered their target price on Marriott International from $295.00 to $226.00 and set a "hold" rating for the company in a research note on Wednesday, April 9th. Susquehanna lifted their price target on shares of Marriott International from $255.00 to $285.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Finally, UBS Group lifted their target price on Marriott International from $294.00 to $301.00 and gave the company a "neutral" rating in a research report on Wednesday, February 12th. 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 data from MarketBeat.com, Marriott International presently has an average rating of "Hold" and a consensus price target of $279.15.

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.