FineMark National Bank & Trust Lowers Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

FineMark National Bank & Trust reduced its position in Marriott International, Inc. (NASDAQ:MAR) by 5.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,140 shares of the company’s stock after selling 60 shares during the quarter. FineMark National Bank & Trust’s holdings in Marriott International were worth $318,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Hopwood Financial Services Inc. purchased a new stake in Marriott International in the fourth quarter worth approximately $25,000. Bell Investment Advisors Inc boosted its stake in shares of Marriott International by 112.2% in the 4th quarter. Bell Investment Advisors Inc now owns 104 shares of the company’s stock valued at $29,000 after purchasing an additional 55 shares in the last quarter. Sound Income Strategies LLC grew its holdings in shares of Marriott International by 494.4% during 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 last quarter. Wingate Wealth Advisors Inc. purchased a new position in Marriott International in the 4th quarter worth $33,000. Finally, Heck Capital Advisors LLC bought a new stake in Marriott International in the fourth quarter worth $38,000. 70.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MAR has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their price objective on Marriott International from $251.00 to $269.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Evercore ISI upgraded Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 price objective for the company in a research report on Tuesday, February 4th. Susquehanna raised their target price on shares of Marriott International from $255.00 to $285.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. The Goldman Sachs Group upped their price target on shares of Marriott International from $280.00 to $314.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Finally, Barclays cut their price target on shares of Marriott International from $287.00 to $283.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 12th. Thirteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Marriott International presently has a consensus rating of “Hold” and an average target price of $286.05.

Marriott International Stock Up 0.1 %

NASDAQ MAR opened at $246.72 on Thursday. The stock’s 50 day moving average is $273.76 and its 200 day moving average is $270.43. The firm has a market capitalization of $68.02 billion, a PE ratio of 29.65, a P/E/G ratio of 3.42 and a beta of 1.58. Marriott International, Inc. has a twelve month low of $204.55 and a twelve month high of $307.52.

Marriott International (NASDAQ:MAR) last released its earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.37 by $0.08. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. On average, research analysts anticipate that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, February 27th will be given a $0.63 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.02%. Marriott International’s dividend payout ratio is currently 30.29%.

Insider Activity at Marriott International

In other Marriott International 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 transaction of $3,610,934.46. Following the completion of the sale, the insider now directly owns 30,919 shares in the company, valued at approximately $8,831,393.97. This trade represents a 29.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Rena Hozore Reiss sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $286.65, for a total transaction of $1,003,275.00. Following the completion of the transaction, the executive vice president now owns 24,733 shares in the company, valued at approximately $7,089,714.45. This represents a 12.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,694 shares of company stock valued at $8,938,132 in the last 90 days. Corporate insiders own 12.32% of the company’s stock.

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.