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

Inceptionr LLC cut its stake in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 45.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,463 shares of the company's stock after selling 1,223 shares during the period. Inceptionr LLC's holdings in Marriott International were worth $408,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Sound Income Strategies LLC grew its stake in Marriott International by 494.4% during the 4th quarter. Sound Income Strategies LLC now owns 107 shares of the company's stock valued at $30,000 after acquiring an additional 89 shares in the last quarter. Darwin Wealth Management LLC purchased a new position in Marriott International during the third quarter worth approximately $33,000. Wingate Wealth Advisors Inc. purchased a new stake in Marriott International in the 4th quarter valued at $33,000. ORG Partners LLC boosted its position in shares of Marriott International by 158.5% during the 4th quarter. ORG Partners LLC now owns 137 shares of the company's stock valued at $38,000 after acquiring an additional 84 shares during the last quarter. Finally, Heck Capital Advisors LLC purchased a new position in Marriott International during the fourth quarter worth about $38,000. Institutional investors and hedge funds own 70.70% of the company's stock.

Marriott International Stock Performance

Marriott International stock traded down $2.50 during midday trading on Wednesday, hitting $243.81. 2,278,626 shares of the company's stock were exchanged, compared to its average volume of 1,428,693. The firm's 50 day simple moving average is $280.45 and its 200 day simple moving average is $269.65. Marriott International, Inc. has a 12-month low of $204.55 and a 12-month high of $307.52. The stock has a market cap of $67.22 billion, a price-to-earnings ratio of 29.30, a price-to-earnings-growth ratio of 3.42 and a beta of 1.58.

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Marriott International (NASDAQ:MAR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, beating 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, equities research analysts forecast that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, February 27th will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Thursday, February 27th. Marriott International's payout ratio is 30.29%.

Insider Buying and Selling

In related news, EVP Rena Hozore Reiss sold 3,500 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $286.65, for a total value of $1,003,275.00. Following the completion of the transaction, the executive vice president now directly owns 24,733 shares of the company's stock, valued at $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 is available at this hyperlink. Also, Director Susan C. Schwab sold 1,054 shares of the company's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $277.48, for a total value of $292,463.92. Following the completion of the sale, the director now directly owns 4,551 shares in the company, valued at $1,262,811.48. This trade represents a 18.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 31,694 shares of company stock valued at $8,938,132 over the last ninety days. Corporate insiders own 12.32% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on MAR shares. Mizuho raised their target price on Marriott International from $246.00 to $293.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Morgan Stanley upped their target price on shares of Marriott International from $289.00 to $298.00 and gave the company an "overweight" rating in a research report on Tuesday, March 4th. Evercore ISI upgraded 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 research report on Tuesday, February 4th. Susquehanna upped their price objective on shares of Marriott International from $255.00 to $285.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Finally, Jefferies Financial Group boosted their target price on Marriott International from $251.00 to $295.00 and gave the company a "hold" rating in a research report on Thursday, January 2nd. Thirteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $286.45.

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.