Rhumbline Advisers Sells 13,398 Shares of Marriott International, Inc. (NASDAQ:MAR)

Rhumbline Advisers reduced its stake in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 3.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 431,744 shares of the company's stock after selling 13,398 shares during the quarter. Rhumbline Advisers owned 0.16% of Marriott International worth $120,431,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of MAR. Exchange Traded Concepts LLC raised its stake in shares of Marriott International by 126.0% during the third quarter. Exchange Traded Concepts LLC now owns 972 shares of the company's stock valued at $242,000 after acquiring an additional 542 shares during the last quarter. Creative Planning raised its position in Marriott International by 4.1% during the 3rd quarter. Creative Planning now owns 97,322 shares of the company's stock valued at $24,194,000 after purchasing an additional 3,840 shares during the last quarter. Bleakley Financial Group LLC lifted its holdings in Marriott International by 7.5% in the 3rd quarter. Bleakley Financial Group LLC now owns 5,728 shares of the company's stock worth $1,424,000 after buying an additional 400 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Marriott International by 1.8% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 32,339 shares of the company's stock valued at $8,039,000 after buying an additional 566 shares during the period. Finally, V Square Quantitative Management LLC raised its holdings in shares of Marriott International by 29.4% during the third quarter. V Square Quantitative Management LLC now owns 2,550 shares of the company's stock valued at $634,000 after acquiring an additional 579 shares in the last quarter. Hedge funds and other institutional investors own 70.70% of the company's stock.

Insider Activity at Marriott International

In other Marriott International news, insider William P. Brown sold 1,707 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $284.30, for a total value of $485,300.10. Following the transaction, the insider now owns 23,077 shares of the company's stock, valued at approximately $6,560,791.10. This represents a 6.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 10.07% of the stock is owned by insiders.

Marriott International Stock Performance

Shares of MAR traded down $0.86 on Wednesday, hitting $287.56. 1,340,002 shares of the stock traded hands, compared to its average volume of 1,565,408. The company has a market capitalization of $79.28 billion, a PE ratio of 34.56, a P/E/G ratio of 3.38 and a beta of 1.57. Marriott International, Inc. has a one year low of $204.55 and a one year high of $307.52. The business has a 50 day simple moving average of $284.06 and a 200 day simple moving average of $263.97.

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

Marriott International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, February 27th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.88%. Marriott International's dividend payout ratio is presently 30.29%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on MAR shares. Macquarie reiterated a "neutral" rating and set a $245.00 price target on shares of Marriott International in a research report on Tuesday, November 5th. Wells Fargo & Company decreased their target price on Marriott International from $285.00 to $277.00 and set an "equal weight" rating for the company in a research report on Tuesday. Evercore ISI upgraded Marriott International from an "in-line" rating to an "outperform" rating and set a $330.00 price target on the stock in a research report on Tuesday, February 4th. Sanford C. Bernstein raised their price objective on Marriott International from $262.00 to $290.00 and gave the company an "outperform" rating in a research report on Tuesday, November 5th. Finally, Argus upped 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. Thirteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Marriott International currently has an average rating of "Hold" and an average target price of $284.05.

Marriott International 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.