Raymond James Financial Inc. Buys New Holdings in Marriott International, Inc. (NASDAQ:MAR)

Raymond James Financial Inc. acquired a new position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 592,105 shares of the company's stock, valued at approximately $165,162,000. Raymond James Financial Inc. owned 0.21% of Marriott International as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Sound Income Strategies LLC increased its position in shares of Marriott International by 494.4% in the fourth quarter. Sound Income Strategies LLC now owns 107 shares of the company's stock worth $30,000 after purchasing an additional 89 shares during the period. Wingate Wealth Advisors Inc. acquired a new position in shares of Marriott International in the 4th quarter valued at approximately $33,000. Darwin Wealth Management LLC bought a new stake in shares of Marriott International during the 3rd quarter worth approximately $33,000. Heck Capital Advisors LLC bought a new position in Marriott International in the fourth quarter valued at approximately $38,000. Finally, ORG Partners LLC increased its stake in shares of Marriott International by 158.5% in the 4th quarter. ORG Partners LLC now owns 137 shares of the company's stock valued at $38,000 after purchasing an additional 84 shares during the last quarter. Institutional investors own 70.70% of the company's stock.

Insider Activity

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 shares were sold at an average price of $286.65, for a total value of $1,003,275.00. Following 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Kathleen K. Oberg sold 14,498 shares of the company's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $278.07, for a total value of $4,031,458.86. Following the sale, the chief financial officer now owns 14,282 shares of the company's stock, valued at approximately $3,971,395.74. This trade represents a 50.38 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,694 shares of company stock worth $8,938,132. Insiders own 12.32% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research firms have recently commented on MAR. Jefferies Financial Group increased their target price on shares of Marriott International from $251.00 to $295.00 and gave the stock a "hold" rating in a report on Thursday, January 2nd. UBS Group boosted their target price on shares of Marriott International from $294.00 to $301.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Mizuho increased their price target on Marriott International from $246.00 to $293.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Susquehanna upped their target price on Marriott International from $255.00 to $285.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. lifted their price target on Marriott International from $251.00 to $269.00 and gave the company a "neutral" rating in a research note on Friday, December 13th. Thirteen analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Marriott International presently has a consensus rating of "Hold" and a consensus price target of $286.45.

Marriott International Trading Down 1.9 %

Shares of NASDAQ:MAR traded down $4.87 during trading on Monday, reaching $257.88. The company had a trading volume of 268,261 shares, compared to its average volume of 1,409,846. Marriott International, Inc. has a 12 month low of $204.55 and a 12 month high of $307.52. The company has a fifty day moving average of $281.57 and a two-hundred day moving average of $269.27. The stock has a market capitalization of $71.10 billion, a P/E ratio of 31.03, a price-to-earnings-growth ratio of 3.42 and a beta of 1.58.

Marriott International (NASDAQ:MAR - Get Free Report) last announced its quarterly earnings data 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 net margin of 9.46% and a negative return on equity of 116.67%. As a group, equities research analysts predict that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, February 27th will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend is Thursday, February 27th. Marriott International's dividend payout ratio is currently 30.29%.

Marriott International Company 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.