Wedgewood Investors Inc. PA Reduces Stake in Marriott International, Inc. (NASDAQ:MAR)

Wedgewood Investors Inc. PA cut its position in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 36.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,292 shares of the company's stock after selling 1,300 shares during the quarter. Wedgewood Investors Inc. PA's holdings in Marriott International were worth $639,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Larson Financial Group LLC grew its stake in shares of Marriott International by 10.8% during the third quarter. Larson Financial Group LLC now owns 379 shares of the company's stock worth $94,000 after acquiring an additional 37 shares during the last quarter. TFG Advisers LLC grew its stake in shares of Marriott International by 0.8% during the fourth quarter. TFG Advisers LLC now owns 4,426 shares of the company's stock worth $1,235,000 after acquiring an additional 37 shares during the last quarter. Harbor Capital Advisors Inc. grew its stake in shares of Marriott International by 0.4% during the third quarter. Harbor Capital Advisors Inc. now owns 8,698 shares of the company's stock worth $2,162,000 after acquiring an additional 38 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in shares of Marriott International by 1.2% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,290 shares of the company's stock worth $918,000 after acquiring an additional 38 shares during the last quarter. Finally, Evermay Wealth Management LLC boosted its position in Marriott International by 1.1% in the fourth quarter. Evermay Wealth Management LLC now owns 3,415 shares of the company's stock valued at $953,000 after buying an additional 38 shares during the last quarter. 70.70% of the stock is currently owned by institutional investors.

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Insider Activity at Marriott International

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

Marriott International Stock Down 0.3 %

Shares of MAR stock traded down $0.86 during trading hours on Wednesday, hitting $287.56. 1,398,636 shares of the company's stock were exchanged, compared to its average volume of 1,565,408. The firm has a market cap of $79.28 billion, a P/E ratio of 34.56, a P/E/G ratio of 3.38 and a beta of 1.57. The firm has a 50 day moving average of $284.06 and a two-hundred day moving average of $263.97. Marriott International, Inc. has a fifty-two week low of $204.55 and a fifty-two week high of $307.52.

Marriott International (NASDAQ:MAR - Get Free Report) last announced its 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 forecast that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages recently commented on MAR. Mizuho upped their target price on Marriott International from $246.00 to $293.00 and gave the company a "neutral" rating in a research report on Wednesday, February 12th. Argus upped their target price on Marriott International from $300.00 to $330.00 and gave the company a "buy" rating in a research report on Thursday, January 16th. Macquarie reiterated a "neutral" rating and issued a $245.00 target price on shares of Marriott International in a research report on Tuesday, November 5th. Evercore ISI upgraded Marriott International from an "in-line" rating to an "outperform" rating and set a $330.00 target price on the stock in a research report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. upped their target price on Marriott International from $251.00 to $269.00 and gave the company a "neutral" rating in a research report on Friday, December 13th. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, Marriott International currently has an average rating of "Hold" and a consensus price target 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.