Cerity Partners LLC Sells 16,748 Shares of Marriott International, Inc. (NASDAQ:MAR)

Cerity Partners LLC lessened its position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 19.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 68,507 shares of the company's stock after selling 16,748 shares during the quarter. Cerity Partners LLC's holdings in Marriott International were worth $17,960,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. NewEdge Wealth LLC grew its holdings in shares of Marriott International by 34.4% in 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 during the last quarter. Oddo BHF Asset Management Sas acquired a new stake in shares of Marriott International in the third quarter valued at approximately $2,721,000. Union Bancaire Privee UBP SA acquired a new stake in shares of Marriott International in the 4th quarter valued at $2,990,000. Markel Group Inc. boosted 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 acquiring an additional 11,000 shares during the last quarter. Finally, Covea Finance lifted its position in Marriott International by 69.9% during the 4th quarter. Covea Finance now owns 60,540 shares of the company's stock valued at $16,887,000 after purchasing an additional 24,900 shares during the period. Institutional investors and hedge funds own 70.70% of the company's stock.

Insider Activity at Marriott International

In other Marriott International news, CFO Kathleen K. Oberg sold 14,498 shares of the business's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $278.07, for a total transaction of $4,031,458.86. Following the sale, the chief financial officer now directly owns 14,282 shares of the company's stock, valued at $3,971,395.74. The trade was a 50.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Susan C. Schwab sold 1,054 shares of Marriott International 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. This trade represents a 18.80 % decrease in their position. 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 in the last 90 days. 12.32% of the stock is owned by corporate insiders.

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Marriott International Price Performance

MAR traded up $0.08 on Tuesday, hitting $223.57. 471,291 shares of the stock were exchanged, compared to its average volume of 1,563,737. The business has a 50-day moving average of $256.42 and a two-hundred day moving average of $269.28. Marriott International, Inc. has a 12 month low of $204.55 and a 12 month high of $307.52. The firm has a market capitalization of $61.70 billion, a price-to-earnings ratio of 26.87, a PEG ratio of 3.42 and a beta of 1.42.

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, 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%. Equities research analysts expect that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Evercore ISI raised shares of Marriott International from an "in-line" rating to an "outperform" rating and set a $330.00 price objective on the stock in a research note on Tuesday, February 4th. UBS Group boosted their price target on shares of Marriott International from $294.00 to $301.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Wells Fargo & Company reduced their target price on Marriott International from $285.00 to $277.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 18th. Mizuho raised their price target on Marriott International from $246.00 to $293.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. Finally, Argus increased their target price on Marriott International from $300.00 to $330.00 and gave the stock a "buy" rating in a research note on Thursday, January 16th. Fourteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Marriott International has a consensus rating of "Hold" and a consensus price target of $279.15.

Marriott International 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.