Marriott International, Inc. (NASDAQ:MAR) Position Cut by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 2.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,676,008 shares of the company’s stock after selling 38,738 shares during the period. Bank of New York Mellon Corp’s holdings in Marriott International were worth $467,506,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of MAR. Sound Income Strategies LLC boosted its position in shares of Marriott International by 494.4% in the 4th quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock valued at $30,000 after purchasing an additional 89 shares during the period. Wingate Wealth Advisors Inc. acquired a new stake in Marriott International during the 4th quarter worth about $33,000. Silvant Capital Management LLC acquired a new stake in Marriott International during the 3rd quarter worth about $31,000. Darwin Wealth Management LLC acquired a new stake in Marriott International during the 3rd quarter worth about $33,000. Finally, Heck Capital Advisors LLC acquired a new stake in Marriott International during the 4th quarter worth about $38,000. 70.70% of the stock is owned by institutional investors and hedge funds.

Marriott International Trading Up 0.3 %

Shares of NASDAQ MAR opened at $277.46 on Wednesday. Marriott International, Inc. has a 12 month low of $204.55 and a 12 month high of $307.52. The stock has a 50 day moving average of $283.22 and a 200-day moving average of $266.30. The company has a market capitalization of $76.49 billion, a P/E ratio of 33.35, a P/E/G ratio of 3.42 and a beta of 1.57.

Marriott International (NASDAQ:MAR) last released its quarterly 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%. Analysts predict that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, February 27th will be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $2.52 annualized dividend and a yield of 0.91%. Marriott International’s payout ratio is currently 30.29%.

Insider Buying and Selling

In other Marriott International news, CFO Kathleen K. Oberg sold 14,498 shares of Marriott International stock in a transaction on Friday, February 21st. The stock was sold at an average price of $278.07, for a total value of $4,031,458.86. Following the completion of the transaction, the chief financial officer now directly owns 14,282 shares of the company’s stock, valued at $3,971,395.74. The trade was a 50.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider William P. Brown sold 12,642 shares of Marriott International stock in a transaction on 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 transaction, the insider now directly owns 30,919 shares of the company’s stock, valued at $8,831,393.97. This represents a 29.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,640 shares of company stock valued at $8,645,668. Insiders own 10.07% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on MAR. Mizuho raised their price objective on Marriott International from $246.00 to $293.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. TD Cowen lowered their price objective on Marriott International from $295.00 to $283.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Wells Fargo & Company decreased their price target on Marriott International from $285.00 to $277.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 18th. Argus boosted their price objective on Marriott International from $300.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Finally, BMO Capital Markets upped their price objective on Marriott International from $255.00 to $265.00 and gave the company a “market perform” rating in a report on Tuesday, November 5th. Thirteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average 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.