KCM Investment Advisors LLC Sells 1,413 Shares of Marriott International, Inc. (NASDAQ:MAR)

KCM Investment Advisors LLC cut its stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 15.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,501 shares of the company's stock after selling 1,413 shares during the period. KCM Investment Advisors LLC's holdings in Marriott International were worth $2,092,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of MAR. Hopwood Financial Services Inc. purchased a new position in shares of Marriott International during the fourth quarter valued at approximately $25,000. Bell Investment Advisors Inc raised its stake in Marriott International by 112.2% during the fourth quarter. Bell Investment Advisors Inc now owns 104 shares of the company's stock valued at $29,000 after buying an additional 55 shares during the last quarter. Sound Income Strategies LLC boosted its holdings in Marriott International by 494.4% in the fourth quarter. Sound Income Strategies LLC now owns 107 shares of the company's stock worth $30,000 after acquiring an additional 89 shares in the last quarter. Wingate Wealth Advisors Inc. purchased a new stake in Marriott International during the 4th quarter valued at about $33,000. Finally, Heck Capital Advisors LLC bought a new position in shares of Marriott International during the fourth quarter valued at $38,000. 70.70% of the stock is owned by institutional investors.

Marriott International Stock Performance

NASDAQ:MAR traded down $1.05 during trading hours on Friday, reaching $221.87. The stock had a trading volume of 535,286 shares, compared to its average volume of 1,562,665. The stock has a market capitalization of $61.23 billion, a PE ratio of 26.68, a PEG ratio of 3.42 and a beta of 1.42. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $307.52. The company has a 50 day moving average price of $259.10 and a two-hundred day moving average price of $269.50.

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Marriott International (NASDAQ:MAR - Get Free Report) last issued its quarterly earnings data 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 net margin of 9.46% and a negative return on equity of 116.67%. Equities research analysts predict that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend was Thursday, February 27th. Marriott International's dividend payout ratio is currently 30.29%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on MAR shares. Mizuho lifted their target price on shares of Marriott International from $246.00 to $293.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. 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. Jefferies Financial Group lowered their target price on Marriott International from $295.00 to $226.00 and set a "hold" rating on the stock in a report on Wednesday. UBS Group upped their price target 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. Finally, Wells Fargo & Company dropped their price objective on shares of Marriott International from $285.00 to $277.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 18th. Thirteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Marriott International has an average rating of "Hold" and an average target price of $282.60.

Insider Buying and Selling

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

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.