Axa S.A. Cuts Stock Position in Marriott International, Inc. (NASDAQ:MAR)

Axa S.A. decreased its stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 32.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 159,797 shares of the company's stock after selling 75,258 shares during the quarter. Axa S.A. owned approximately 0.06% of Marriott International worth $44,574,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Hopwood Financial Services Inc. purchased a new stake in shares of Marriott International during the fourth quarter worth $25,000. Bernard Wealth Management Corp. acquired a new position in Marriott International during the fourth quarter worth about $25,000. Bell Investment Advisors Inc grew its stake in Marriott International by 112.2% during the 4th quarter. Bell Investment Advisors Inc now owns 104 shares of the company's stock valued at $29,000 after acquiring an additional 55 shares in the last quarter. Sound Income Strategies LLC lifted its stake in Marriott International by 494.4% in the 4th quarter. Sound Income Strategies LLC now owns 107 shares of the company's stock worth $30,000 after purchasing an additional 89 shares in the last quarter. Finally, Wingate Wealth Advisors Inc. acquired a new position in shares of Marriott International during the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 70.70% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Stifel Nicolaus reduced their price objective on Marriott International from $295.00 to $240.00 and set a "hold" rating on the stock in a research report on Wednesday, April 16th. Mizuho boosted their price target on shares of Marriott International from $246.00 to $293.00 and gave the company a "neutral" rating in a research report on Wednesday, February 12th. Argus raised their price objective on shares of Marriott International from $300.00 to $330.00 and gave the stock a "buy" rating in a research report on Thursday, January 16th. Susquehanna boosted their target price on shares of Marriott International from $255.00 to $285.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Finally, Wells Fargo & Company cut their price target on shares of Marriott International from $285.00 to $277.00 and set an "equal weight" rating for the company in a report on Tuesday, February 18th. Fourteen research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $273.10.

Marriott International Stock Up 2.3 %

NASDAQ:MAR opened at $249.47 on Friday. The company has a market cap of $68.84 billion, a price-to-earnings ratio of 29.98, a price-to-earnings-growth ratio of 3.42 and a beta of 1.42. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $307.52. The company has a fifty day simple moving average of $240.20 and a two-hundred day simple moving average of $266.72.

Marriott International (NASDAQ:MAR - Get Free Report) last issued 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%. On average, analysts expect that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, February 27th were given a dividend of $0.63 per share. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $2.52 annualized dividend and a dividend yield of 1.01%. Marriott International's dividend payout ratio (DPR) is currently 30.29%.

Insider Buying and Selling

In other Marriott International news, Director Susan C. Schwab sold 1,054 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $277.48, for a total value of $292,463.92. Following the transaction, the director now directly owns 4,551 shares in the company, valued at $1,262,811.48. This represents a 18.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider William P. Brown sold 12,642 shares of the business's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $285.63, for a total transaction of $3,610,934.46. Following the sale, the insider now owns 30,919 shares of the company's stock, valued at $8,831,393.97. This represents a 29.02 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,694 shares of company stock worth $8,938,132. Corporate insiders own 10.68% of the company's stock.

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.

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