Marriott International, Inc. (NASDAQ:MAR) Shares Sold by CSM Advisors LLC

CSM Advisors LLC lessened its holdings in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 3.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 35,368 shares of the company's stock after selling 1,282 shares during the period. CSM Advisors LLC's holdings in Marriott International were worth $9,865,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Straightline Group LLC acquired a new stake in shares of Marriott International in the 4th quarter valued at about $495,000. NewEdge Wealth LLC boosted its holdings in shares of Marriott International by 34.4% in the fourth quarter. NewEdge Wealth LLC now owns 4,345 shares of the company's stock valued at $1,212,000 after acquiring an additional 1,112 shares during the period. Oddo BHF Asset Management Sas purchased a new position in shares of Marriott International during the third quarter worth approximately $2,721,000. Union Bancaire Privee UBP SA purchased a new stake in Marriott International in the 4th quarter valued at $2,990,000. Finally, Markel Group Inc. boosted its stake in Marriott International by 30.6% during the 4th quarter. Markel Group Inc. now owns 47,000 shares of the company's stock worth $13,110,000 after purchasing an additional 11,000 shares during the period. Hedge funds and other institutional investors own 70.70% of the company's stock.

Marriott International Price Performance

NASDAQ MAR opened at $220.59 on Wednesday. The business has a 50 day moving average price of $247.22 and a 200 day moving average price of $267.90. The company has a market capitalization of $60.87 billion, a P/E ratio of 26.51, a PEG ratio of 3.42 and a beta of 1.42. 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 released its quarterly earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.08. Marriott International had a negative return on equity of 116.67% and a net margin of 9.46%. On average, research analysts expect that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, February 27th were paid a dividend of $0.63 per share. The ex-dividend date was Thursday, February 27th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.14%. Marriott International's dividend payout ratio (DPR) is 30.29%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on MAR shares. UBS Group upped their target price 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. Jefferies Financial Group decreased their price objective on Marriott International from $295.00 to $226.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. Susquehanna boosted their target price on Marriott International from $255.00 to $285.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Barclays decreased their price target on Marriott International from $283.00 to $236.00 and set an "equal weight" rating for the company in a report on Tuesday. Finally, 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. Fourteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $273.10.

Insider Buying and Selling

In related news, EVP Rena Hozore Reiss sold 3,500 shares of Marriott International stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $286.65, for a total transaction of $1,003,275.00. Following the completion of the sale, the executive vice president now owns 24,733 shares in the company, valued at approximately $7,089,714.45. This trade represents a 12.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Kathleen K. Oberg sold 14,498 shares of the company's stock in a transaction dated 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 completion of the transaction, the chief financial officer now owns 14,282 shares in the company, valued at approximately $3,971,395.74. This trade represents a 50.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 31,694 shares of company stock worth $8,938,132 in the last ninety days. Insiders own 10.68% of the company's stock.

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.

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