Sanibel Captiva Trust Company Inc. Invests $427,000 in Marriott International, Inc. (NASDAQ:MAR)

Sanibel Captiva Trust Company Inc. bought a new stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,531 shares of the company's stock, valued at approximately $427,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Intech Investment Management LLC raised its stake in Marriott International by 10.7% in the 2nd quarter. Intech Investment Management LLC now owns 7,980 shares of the company's stock valued at $1,929,000 after acquiring an additional 770 shares during the period. Bridges Investment Management Inc. raised its position in shares of Marriott International by 17.1% in the second quarter. Bridges Investment Management Inc. now owns 3,240 shares of the company's stock valued at $783,000 after purchasing an additional 474 shares during the period. Skandinaviska Enskilda Banken AB publ boosted its holdings in Marriott International by 0.6% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 51,418 shares of the company's stock worth $12,426,000 after buying an additional 305 shares during the period. Summit Trail Advisors LLC grew its stake in Marriott International by 142.3% in the 2nd quarter. Summit Trail Advisors LLC now owns 4,632 shares of the company's stock valued at $1,120,000 after buying an additional 2,720 shares in the last quarter. Finally, Holderness Investments Co. lifted its position in shares of Marriott International by 3.1% during the second quarter. Holderness Investments Co. now owns 3,592 shares of the company's stock worth $868,000 after acquiring an additional 109 shares in the last quarter. 70.70% of the stock is owned by institutional investors.

Insider Buying and Selling at Marriott International

In related news, CEO Anthony Capuano sold 8,332 shares of the firm's stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $284.49, for a total value of $2,370,370.68. Following the completion of the sale, the chief executive officer now owns 108,361 shares of the company's stock, valued at $30,827,620.89. This trade represents a 7.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Felitia Lee sold 916 shares of the company's stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $276.48, for a total transaction of $253,255.68. Following the completion of the transaction, the chief accounting officer now owns 5,609 shares of the company's stock, valued at $1,550,776.32. This trade represents a 14.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,815 shares of company stock valued at $3,919,739 in the last quarter. Company insiders own 10.07% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on MAR. BMO Capital Markets boosted their price objective on Marriott International from $255.00 to $265.00 and gave the company a "market perform" rating in a research note on Tuesday, November 5th. Stifel Nicolaus upped their price target on Marriott International from $252.00 to $283.00 and gave the company a "hold" rating in a research report on Tuesday, November 26th. TD Cowen cut their price objective on shares of Marriott International from $295.00 to $283.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th. Barclays upped their target price on shares of Marriott International from $249.00 to $286.00 and gave the stock an "equal weight" rating in a report on Friday, December 13th. Finally, The Goldman Sachs Group boosted their price target on shares of Marriott International from $280.00 to $314.00 and gave the company a "buy" rating in a research report on Tuesday, December 10th. Fourteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $272.15.

Marriott International Stock Performance

NASDAQ:MAR traded up $1.18 during trading hours on Monday, reaching $277.18. The company's stock had a trading volume of 1,800,667 shares, compared to its average volume of 994,544. The firm has a market capitalization of $77.03 billion, a price-to-earnings ratio of 28.99, a PEG ratio of 4.48 and a beta of 1.57. The firm has a 50-day simple moving average of $282.53 and a 200-day simple moving average of $256.13. Marriott International, Inc. has a 1 year low of $204.55 and a 1 year high of $295.45.

Marriott International (NASDAQ:MAR - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing the consensus estimate of $2.31 by ($0.05). Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The company had revenue of $6.26 billion during the quarter, compared to analysts' expectations of $6.27 billion. During the same quarter in the prior year, the firm posted $2.11 EPS. The firm's quarterly revenue was up 5.5% on a year-over-year basis. Equities analysts anticipate that Marriott International, Inc. will post 9.25 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Thursday, November 21st were issued a dividend of $0.63 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.52 dividend on an annualized basis and a yield of 0.91%. Marriott International's dividend payout ratio is currently 26.36%.

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.