UMB Bank n.a. Sells 3,268 Shares of Marriott International, Inc. (NASDAQ:MAR)

UMB Bank n.a. reduced its position in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 6.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 51,492 shares of the company's stock after selling 3,268 shares during the period. UMB Bank n.a.'s holdings in Marriott International were worth $14,363,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Silvant Capital Management LLC bought a new stake in shares of Marriott International during the 3rd quarter worth about $31,000. Darwin Wealth Management LLC bought a new stake in shares of Marriott International during the third quarter worth approximately $33,000. ORG Partners LLC grew its position in shares of 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 during the last quarter. Cyrus J. Lawrence LLC bought a new position in shares of Marriott International during the second quarter worth approximately $36,000. Finally, Kathleen S. Wright Associates Inc. acquired a new stake in Marriott International during the 3rd quarter worth approximately $40,000. Institutional investors and hedge funds own 70.70% of the company's stock.

Analyst Ratings Changes

MAR has been the topic of several recent research reports. Argus increased their price objective on Marriott International from $300.00 to $330.00 and gave the stock a "buy" rating in a research report on Thursday. BMO Capital Markets lifted their price objective on shares of Marriott International from $255.00 to $265.00 and gave the stock a "market perform" rating in a research note on Tuesday, November 5th. Bank of America increased their target price on shares of Marriott International from $275.00 to $300.00 and gave the stock a "buy" rating in a research report on Monday, October 21st. Jefferies Financial Group lifted their price target on shares of Marriott International from $251.00 to $295.00 and gave the company a "hold" rating in a research report on Thursday, January 2nd. Finally, Macquarie reissued a "neutral" rating and set a $245.00 price target on shares of Marriott International in a research report on Tuesday, November 5th. Fourteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Marriott International currently has a consensus rating of "Hold" and an average price target of $272.15.

Insider Activity

In other Marriott International news, EVP Benjamin T. Breland sold 500 shares of the firm's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total transaction of $137,245.00. Following the transaction, the executive vice president now directly owns 12,286 shares in the company, valued at approximately $3,372,384.14. This trade represents a 3.91 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Felitia Lee sold 916 shares of the company's stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $276.48, for a total transaction of $253,255.68. Following the sale, the chief accounting officer now owns 5,609 shares in the company, valued at $1,550,776.32. The trade was a 14.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,815 shares of company stock worth $3,919,739 in the last three months. Company insiders own 10.07% of the company's stock.

Marriott International Stock Up 0.4 %

MAR traded up $1.18 during midday trading on Monday, hitting $277.18. 1,800,667 shares of the company were exchanged, compared to its average volume of 994,544. The firm has a market capitalization of $77.03 billion, a P/E ratio of 28.99, a P/E/G ratio of 4.48 and a beta of 1.57. The firm's 50 day moving average price is $282.53 and its 200-day moving average price is $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 issued its quarterly earnings results on Monday, November 4th. The company reported $2.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.31 by ($0.05). The firm had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.27 billion. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The firm's revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.11 EPS. On average, sell-side analysts predict that Marriott International, Inc. will post 9.25 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders 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 annualized dividend and a dividend yield of 0.91%. Marriott International's dividend payout ratio is currently 26.36%.

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.