Marriott International, Inc. (NASDAQ:MAR) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA decreased its position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 5.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,981,604 shares of the company's stock after selling 287,273 shares during the quarter. Massachusetts Financial Services Co. MA owned 1.79% of Marriott International worth $1,389,569,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in Marriott International during the fourth quarter worth about $580,922,000. Wellington Management Group LLP raised its position in shares of Marriott International by 50.8% during the 4th quarter. Wellington Management Group LLP now owns 4,661,101 shares of the company's stock worth $1,300,168,000 after purchasing an additional 1,570,144 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Marriott International during the 4th quarter valued at $165,162,000. PointState Capital LP purchased a new position in Marriott International during the third quarter worth $98,249,000. Finally, Proficio Capital Partners LLC raised its holdings in shares of Marriott International by 36,564.5% in the fourth quarter. Proficio Capital Partners LLC now owns 360,779 shares of the company's stock worth $100,636,000 after acquiring an additional 359,795 shares during the last quarter. Institutional investors and hedge funds own 70.70% of the company's stock.

Marriott International Stock Performance

Marriott International stock traded down $10.04 during trading on Friday, reaching $214.58. 3,573,896 shares of the company's stock were exchanged, compared to its average volume of 1,523,553. Marriott International, Inc. has a 52-week low of $204.55 and a 52-week high of $307.52. The firm has a market cap of $59.22 billion, a price-to-earnings ratio of 25.79, a PEG ratio of 3.42 and a beta of 1.42. The company's 50-day moving average is $267.40 and its two-hundred day moving average is $270.38.

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Marriott International (NASDAQ:MAR - Get Free Report) last posted 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%. Analysts anticipate that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Announces Dividend

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. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $2.52 annualized dividend and a dividend yield of 1.17%. Marriott International's dividend payout ratio (DPR) is presently 30.29%.

Insider Buying and Selling

In related news, EVP Rena Hozore Reiss sold 3,500 shares of Marriott International stock in a transaction on Friday, February 21st. The shares were sold at an average price of $286.65, for a total value 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. The trade was a 12.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider William P. Brown sold 12,642 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $285.63, for a total transaction of $3,610,934.46. Following the transaction, the insider now owns 30,919 shares in the company, valued at $8,831,393.97. This trade 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 valued at $8,938,132 in the last quarter. Company insiders own 12.32% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on MAR shares. Wells Fargo & Company dropped their price objective on Marriott International from $285.00 to $277.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 18th. 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. Barclays lowered their target price on shares of Marriott International from $287.00 to $283.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 12th. JPMorgan Chase & Co. lifted their price objective on Marriott International from $251.00 to $269.00 and gave the company a "neutral" rating in a research report on Friday, December 13th. Finally, Mizuho raised their price target on Marriott International from $246.00 to $293.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Thirteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $286.05.

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.