Orion Portfolio Solutions LLC Lowers Stake in Marriott International, Inc. (NASDAQ:MAR)

Orion Portfolio Solutions LLC trimmed its position in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 2.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,198 shares of the company's stock after selling 1,166 shares during the quarter. Orion Portfolio Solutions LLC's holdings in Marriott International were worth $11,492,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in MAR. Boussard & Gavaudan Investment Management LLP acquired a new stake in shares of Marriott International in the 4th quarter valued at $1,518,000. Norges Bank bought a new stake in Marriott International during the fourth quarter worth about $580,922,000. Blair William & Co. IL lifted its position in shares of Marriott International by 0.6% during the fourth quarter. Blair William & Co. IL now owns 35,319 shares of the company's stock worth $9,852,000 after purchasing an additional 198 shares in the last quarter. Loomis Sayles & Co. L P bought a new stake in shares of Marriott International during the fourth quarter worth $83,000. Finally, NEOS Investment Management LLC boosted its stake in Marriott International by 20.6% in the fourth quarter. NEOS Investment Management LLC now owns 31,781 shares of the company's stock valued at $8,865,000 after acquiring an additional 5,423 shares during the last quarter. 70.70% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on MAR shares. Mizuho boosted their price objective on shares of Marriott International from $246.00 to $293.00 and gave the company a "neutral" rating in a research report on Wednesday, February 12th. Argus increased their target price on shares of Marriott International from $300.00 to $330.00 and gave the stock a "buy" rating in a research report on Thursday, January 16th. Evercore ISI upgraded Marriott International from an "in-line" rating to an "outperform" rating and set a $330.00 target price on the stock in a research report on Tuesday, February 4th. Barclays dropped their price target on Marriott International from $287.00 to $283.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 12th. Finally, Jefferies Financial Group increased their price objective on shares of Marriott International from $251.00 to $295.00 and gave the company a "hold" rating in a research note 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. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $286.05.

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Marriott International Trading Up 0.5 %

MAR traded up $1.19 on Monday, hitting $238.20. 1,948,822 shares of the company's stock were exchanged, compared to its average volume of 1,503,255. The stock has a fifty day moving average of $272.32 and a two-hundred day moving average of $270.93. The firm has a market cap of $65.67 billion, a PE ratio of 28.63, a P/E/G ratio of 3.42 and a beta of 1.58. Marriott International, Inc. has a twelve month low of $204.55 and a twelve month high of $307.52.

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, 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%. On average, analysts predict that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, February 27th will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Thursday, February 27th. Marriott International's dividend payout ratio is currently 30.29%.

Insider Activity at Marriott International

In related news, CFO Kathleen K. Oberg sold 14,498 shares of the firm's stock in a transaction on Friday, February 21st. The stock was 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 owns 14,282 shares of the company's stock, valued at $3,971,395.74. This trade represents a 50.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Susan C. Schwab sold 1,054 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the director now 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. In the last quarter, insiders have sold 31,694 shares of company stock valued at $8,938,132. 12.32% of the stock is owned by insiders.

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.