Abner Herrman & Brock LLC Has $16.74 Million Stock Position in Marriott International, Inc. (NASDAQ:MAR)

Abner Herrman & Brock LLC reduced its stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 4.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 70,272 shares of the company's stock after selling 3,176 shares during the quarter. Marriott International comprises 2.1% of Abner Herrman & Brock LLC's holdings, making the stock its 25th largest holding. Abner Herrman & Brock LLC's holdings in Marriott International were worth $16,739,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of MAR. Hopwood Financial Services Inc. acquired a new stake in Marriott International in the 4th quarter valued at $25,000. Bernard Wealth Management Corp. purchased a new position in Marriott International in the fourth quarter worth $25,000. Bell Investment Advisors Inc raised its stake in shares of 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 purchasing an additional 55 shares during the period. Wingate Wealth Advisors Inc. purchased a new position in Marriott International during the fourth quarter worth about $33,000. Finally, Kapitalo Investimentos Ltda bought a new stake in shares of Marriott International during the 4th quarter worth $34,000. Institutional investors and hedge funds own 70.70% of the company's stock.

Analyst Upgrades and Downgrades

MAR has been the topic of a number of research analyst reports. Morgan Stanley reduced their price target on Marriott International from $275.00 to $267.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Susquehanna lifted their price target on Marriott International from $255.00 to $285.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. UBS Group dropped their price objective on shares of Marriott International from $302.00 to $299.00 and set a "neutral" rating on the stock in a report on Wednesday, May 21st. Wells Fargo & Company lowered their price objective on Marriott International from $285.00 to $277.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 18th. Finally, Melius Research upgraded Marriott International to a "strong-buy" rating in a research report on Monday, April 21st. Thirteen research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Marriott International currently has an average rating of "Moderate Buy" and an average price target of $275.15.

Insider Buying and Selling at Marriott International

In related news, CEO Anthony Capuano sold 12,000 shares of the firm's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $263.90, for a total transaction of $3,166,800.00. Following the transaction, the chief executive officer now directly owns 124,067 shares of the company's stock, valued at approximately $32,741,281.30. This trade represents a 8.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Benjamin T. Breland sold 1,000 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $270.21, for a total value of $270,210.00. Following the sale, the executive vice president now directly owns 20,724 shares in the company, valued at $5,599,832.04. This represents a 4.60% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 10.68% of the company's stock.

Marriott International Trading Up 0.2%

MAR traded up $0.62 during trading on Thursday, reaching $262.55. 306,133 shares of the company were exchanged, compared to its average volume of 1,601,941. The firm has a 50 day moving average of $244.40 and a 200 day moving average of $265.82. The stock has a market cap of $71.91 billion, a P/E ratio of 31.56, a PEG 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.

Marriott International (NASDAQ:MAR - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $2.32 EPS for the quarter, topping the consensus estimate of $2.25 by $0.07. The company had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.19 billion. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. The company's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.13 earnings per share. As a group, analysts forecast that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 23rd will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Friday, May 23rd. This is a positive change from Marriott International's previous quarterly dividend of $0.63. Marriott International's dividend payout ratio is 30.52%.

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.