Beacon Pointe Advisors LLC Cuts Holdings in Marriott International, Inc. (NASDAQ:MAR)

Beacon Pointe Advisors LLC decreased its holdings in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 4.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,706 shares of the company's stock after selling 1,211 shares during the quarter. Beacon Pointe Advisors LLC's holdings in Marriott International were worth $7,170,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. FMR LLC grew its holdings in shares of Marriott International by 0.8% during the fourth quarter. FMR LLC now owns 6,973,897 shares of the company's stock worth $1,945,299,000 after purchasing an additional 56,978 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Marriott International by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 5,026,529 shares of the company's stock worth $1,398,321,000 after purchasing an additional 60,458 shares during the last quarter. Capital International Investors boosted its holdings in Marriott International by 0.3% in the fourth quarter. Capital International Investors now owns 4,720,306 shares of the company's stock valued at $1,316,682,000 after acquiring an additional 15,923 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Marriott International by 50.8% in the fourth quarter. Wellington Management Group LLP now owns 4,661,101 shares of the company's stock valued at $1,300,168,000 after acquiring an additional 1,570,144 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in Marriott International by 17.4% in the fourth quarter. Invesco Ltd. now owns 3,469,070 shares of the company's stock valued at $967,662,000 after acquiring an additional 512,963 shares during the last quarter. Institutional investors and hedge funds own 70.70% of the company's stock.

Marriott International Stock Performance

MAR traded up $5.37 during midday trading on Thursday, reaching $243.95. The company had a trading volume of 1,816,845 shares, compared to its average volume of 1,586,389. The stock has a market cap of $67.32 billion, a PE ratio of 29.32, a P/E/G ratio of 3.42 and a beta of 1.42. Marriott International, Inc. has a 12-month low of $204.55 and a 12-month high of $307.52. The business has a 50-day moving average price of $241.42 and a two-hundred day moving average price of $266.89.

Marriott International (NASDAQ:MAR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, February 27th were given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend was Thursday, February 27th. Marriott International's dividend payout ratio (DPR) is currently 30.29%.

Insider Activity

In related news, insider William P. Brown sold 12,642 shares of the company's stock in a transaction that occurred on 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 sale, the insider now owns 30,919 shares of the company's stock, valued at approximately $8,831,393.97. This represents a 29.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Kathleen K. Oberg sold 14,498 shares of the company's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $278.07, for a total transaction of $4,031,458.86. Following the sale, the chief financial officer now directly owns 14,282 shares in the company, valued at $3,971,395.74. This trade represents a 50.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,694 shares of company stock valued at $8,938,132 over the last quarter. Company insiders own 10.68% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on MAR shares. UBS Group upped their target price on Marriott International from $294.00 to $301.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Wells Fargo & Company reduced their target price on Marriott International from $285.00 to $277.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 18th. Mizuho upped their target price on Marriott International from $246.00 to $293.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Argus increased their price target on Marriott International from $300.00 to $330.00 and gave the stock a "buy" rating in a report on Thursday, January 16th. Finally, Susquehanna increased their price target on Marriott International from $255.00 to $285.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Fourteen research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $273.10.

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.