Renaissance Group LLC Cuts Stake in Marriott International, Inc. (NASDAQ:MAR)

Renaissance Group LLC decreased its position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 3.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 131,479 shares of the company's stock after selling 4,606 shares during the quarter. Marriott International comprises approximately 1.5% of Renaissance Group LLC's investment portfolio, making the stock its 18th largest position. Renaissance Group LLC's holdings in Marriott International were worth $36,675,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Hopwood Financial Services Inc. acquired a new position in Marriott International in the fourth quarter valued at approximately $25,000. Bell Investment Advisors Inc increased its stake in shares of Marriott International by 112.2% in the 4th quarter. Bell Investment Advisors Inc now owns 104 shares of the company's stock valued at $29,000 after acquiring an additional 55 shares in the last quarter. Sound Income Strategies LLC lifted its position in shares of 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 during the period. Wingate Wealth Advisors Inc. acquired a new stake in Marriott International in the fourth quarter worth $33,000. Finally, ORG Partners LLC increased its stake in Marriott International by 158.5% in the fourth quarter. ORG Partners LLC now owns 137 shares of the company's stock valued at $38,000 after purchasing an additional 84 shares in the last quarter. 70.70% of the stock is owned by institutional investors.

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Insider Buying and Selling at Marriott International

In other 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Susan C. Schwab sold 1,054 shares of the company'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 approximately $1,262,811.48. This trade represents a 18.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 31,694 shares of company stock valued at $8,938,132 in the last three months. Company insiders own 12.32% of the company's stock.

Marriott International Stock Up 1.0 %

MAR traded up $2.30 on Friday, hitting $225.22. The company's stock had a trading volume of 2,013,785 shares, compared to its average volume of 1,566,748. Marriott International, Inc. has a 12 month low of $204.55 and a 12 month high of $307.52. The firm has a market cap of $62.15 billion, a P/E ratio of 27.07, a price-to-earnings-growth ratio of 3.42 and a beta of 1.42. The company's 50 day simple moving average is $257.79 and its 200-day simple moving average is $269.49.

Marriott International (NASDAQ:MAR - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share 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%. Equities analysts predict that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, February 27th were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.12%. The ex-dividend date was Thursday, February 27th. Marriott International's dividend payout ratio is presently 30.29%.

Analyst Ratings Changes

Several analysts have recently commented on the company. Susquehanna raised their target price on Marriott International from $255.00 to $285.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Barclays lowered their target price on Marriott International from $287.00 to $283.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 12th. Mizuho lifted their price target 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. Jefferies Financial Group dropped their price objective on shares of Marriott International from $295.00 to $226.00 and set a "hold" rating on the stock in a research note on Wednesday. Finally, 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 report on Wednesday, February 12th. Thirteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Marriott International has a consensus rating of "Hold" and an average target price of $282.60.

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.