Stock Yards Bank & Trust Co. Purchases 64 Shares of Marriott International, Inc. (NASDAQ:MAR)

Stock Yards Bank & Trust Co. lifted its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 6.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,081 shares of the company’s stock after buying an additional 64 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Marriott International were worth $302,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in MAR. Czech National Bank increased its stake in Marriott International by 4.1% during the 3rd quarter. Czech National Bank now owns 47,599 shares of the company’s stock worth $11,833,000 after acquiring an additional 1,879 shares during the period. GAMMA Investing LLC increased its stake in Marriott International by 9.4% during the 3rd quarter. GAMMA Investing LLC now owns 2,410 shares of the company’s stock worth $599,000 after acquiring an additional 207 shares during the period. Miracle Mile Advisors LLC increased its stake in Marriott International by 10.1% during the 3rd quarter. Miracle Mile Advisors LLC now owns 3,027 shares of the company’s stock worth $752,000 after acquiring an additional 278 shares during the period. Fulton Bank N.A. increased its stake in Marriott International by 2.2% during the 3rd quarter. Fulton Bank N.A. now owns 3,481 shares of the company’s stock worth $865,000 after acquiring an additional 75 shares during the period. Finally, Country Trust Bank increased its stake in Marriott International by 174,100.0% during the 3rd quarter. Country Trust Bank now owns 3,484 shares of the company’s stock worth $866,000 after acquiring an additional 3,482 shares during the period. Institutional investors own 70.70% of the company’s stock.

Analyst Ratings Changes

MAR has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted their price target on Marriott International from $251.00 to $269.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Mizuho lifted their price target on Marriott International from $233.00 to $246.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. The Goldman Sachs Group lifted their price target on Marriott International from $280.00 to $314.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. BMO Capital Markets lifted their price target 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. Finally, 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 note on Tuesday. Thirteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $276.35.

Insider Activity

In related news, insider William P. Brown sold 1,707 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $284.30, for a total transaction of $485,300.10. Following 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 filing with the Securities & Exchange Commission, which can be accessed 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 stock was sold at an average price of $276.48, for a total value of $253,255.68. Following the transaction, the chief accounting officer now directly owns 5,609 shares in the company, valued at approximately $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 have sold 13,315 shares of company stock valued at $3,782,494 in the last ninety days. 10.07% of the stock is owned by company insiders.

Marriott International Price Performance

Shares of NASDAQ:MAR opened at $290.75 on Wednesday. The company has a market capitalization of $80.80 billion, a price-to-earnings ratio of 30.41, a P/E/G ratio of 4.68 and a beta of 1.57. The business’s 50-day moving average is $283.11 and its 200-day moving average is $259.42. Marriott International, Inc. has a 1 year low of $204.55 and a 1 year high of $295.45.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data 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 business had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.27 billion. Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.11 earnings per share. Analysts anticipate that Marriott International, Inc. will post 9.26 EPS for the current year.

Marriott International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st were paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date was Thursday, November 21st. Marriott International’s dividend payout ratio is 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.