Marriott International, Inc. (NASDAQ:MAR) Shares Sold by Townsend Asset Management Corp NC ADV

Townsend Asset Management Corp NC ADV trimmed its holdings in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 10.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,432 shares of the company's stock after selling 2,839 shares during the quarter. Marriott International makes up approximately 2.4% of Townsend Asset Management Corp NC ADV's holdings, making the stock its 11th biggest position. Townsend Asset Management Corp NC ADV's holdings in Marriott International were worth $6,536,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of MAR. Raymond James Financial Inc. purchased a new stake in Marriott International during the fourth quarter valued at $165,162,000. Cullen Frost Bankers Inc. lifted its holdings in shares of Marriott International by 3.6% in the 4th quarter. Cullen Frost Bankers Inc. now owns 45,068 shares of the company's stock valued at $12,571,000 after acquiring an additional 1,569 shares during the last quarter. Verdence Capital Advisors LLC grew its position in Marriott International by 2.7% in the fourth quarter. Verdence Capital Advisors LLC now owns 5,258 shares of the company's stock worth $1,467,000 after acquiring an additional 136 shares in the last quarter. Proficio Capital Partners LLC raised its position in Marriott International by 31.4% during the fourth quarter. Proficio Capital Partners LLC now owns 1,293 shares of the company's stock valued at $361,000 after purchasing an additional 309 shares during the period. Finally, Cbre Investment Management Listed Real Assets LLC boosted its holdings in shares of Marriott International by 41.2% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 108,947 shares of the company's stock worth $30,390,000 after purchasing an additional 31,803 shares during the period. Institutional investors own 70.70% of the company's stock.

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Insider Transactions at Marriott International

In related news, insider William P. Brown sold 12,642 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $285.63, for a total value of $3,610,934.46. Following the completion of the sale, the insider now owns 30,919 shares in the company, valued at $8,831,393.97. This trade represents a 29.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Susan C. Schwab sold 1,054 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $277.48, for a total value of $292,463.92. Following the transaction, the director now directly owns 4,551 shares of the company's stock, 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. Over the last ninety days, insiders have sold 31,694 shares of company stock worth $8,938,132. Insiders own 12.32% of the company's stock.

Marriott International Price Performance

Shares of MAR traded down $5.53 during mid-day trading on Monday, reaching $257.22. The company's stock had a trading volume of 2,443,778 shares, compared to its average volume of 1,418,151. The company's 50 day moving average is $281.57 and its 200 day moving average is $269.27. The stock has a market cap of $70.91 billion, a PE ratio of 30.92, a price-to-earnings-growth ratio of 3.42 and a beta of 1.58. Marriott International, Inc. has a 12-month low of $204.55 and a 12-month high of $307.52.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate 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, sell-side analysts anticipate that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Mizuho raised their price target on Marriott International from $246.00 to $293.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. The Goldman Sachs Group increased their price objective on shares of Marriott International from $280.00 to $314.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. Morgan Stanley increased their price target on Marriott International from $289.00 to $298.00 and gave the stock an "overweight" rating in a report on Tuesday, March 4th. Jefferies Financial Group upped their price target 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. Finally, Wells Fargo & Company dropped their target price on shares of Marriott International from $285.00 to $277.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 18th. Thirteen analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $286.45.

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.