Marriott International, Inc. (NASDAQ:MAR) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lessened its position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 8.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 99,899 shares of the company's stock after selling 9,002 shares during the period. Nisa Investment Advisors LLC's holdings in Marriott International were worth $23,796,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Straightline Group LLC bought a new position in Marriott International in the 4th quarter worth about $495,000. JPL Wealth Management LLC bought a new position in shares of Marriott International during the 4th quarter valued at about $463,000. Sequoia Financial Advisors LLC increased its position in shares of Marriott International by 11.9% during the 1st quarter. Sequoia Financial Advisors LLC now owns 13,441 shares of the company's stock valued at $3,202,000 after purchasing an additional 1,432 shares during the last quarter. Haven Capital Group Inc. bought a new position in shares of Marriott International during the 4th quarter valued at about $3,004,000. Finally, Teacher Retirement System of Texas lifted its holdings in Marriott International by 62.2% in the 4th quarter. Teacher Retirement System of Texas now owns 15,098 shares of the company's stock worth $4,211,000 after buying an additional 5,788 shares during the period. Hedge funds and other institutional investors own 70.70% of the company's stock.

Insider Transactions at Marriott International

In related news, CEO Anthony Capuano sold 12,000 shares of Marriott International stock in a transaction on Friday, May 30th. The shares were sold at an average price of $263.90, for a total value of $3,166,800.00. Following the sale, the chief executive officer owned 124,067 shares of the company's stock, valued at approximately $32,741,281.30. This trade represents a 8.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Rajeev Menon sold 2,500 shares of Marriott International stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $268.28, for a total value of $670,700.00. Following the transaction, the insider owned 5,706 shares in the company, valued at approximately $1,530,805.68. The trade was a 30.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,500 shares of company stock worth $4,107,710 over the last quarter. 10.68% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

MAR has been the subject of several research analyst reports. UBS Group dropped their price objective on Marriott International from $302.00 to $299.00 and set a "neutral" rating for the company in a report on Wednesday, May 21st. BMO Capital Markets increased their price objective on Marriott International from $250.00 to $265.00 and gave the stock a "market perform" rating in a report on Wednesday, May 7th. JPMorgan Chase & Co. started coverage on Marriott International in a research note on Monday, June 23rd. They issued a "neutral" rating and a $284.00 target price for the company. The Goldman Sachs Group reissued a "neutral" rating and issued a $245.00 target price (down previously from $313.00) on shares of Marriott International in a report on Monday, April 14th. Finally, Dbs Bank upgraded Marriott International from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 14th. Thirteen investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $275.90.

Marriott International Price Performance

Marriott International stock traded down $0.65 during trading hours on Friday, hitting $281.65. 990,597 shares of the stock traded hands, compared to its average volume of 1,590,819. Marriott International, Inc. has a 1 year low of $204.55 and a 1 year high of $307.52. The stock has a market capitalization of $77.14 billion, a price-to-earnings ratio of 32.08, a P/E/G ratio of 3.48 and a beta of 1.41. The firm's 50 day moving average price is $266.48 and its 200-day moving average price is $262.65.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $2.32 EPS for the quarter, topping analysts' consensus estimates of $2.25 by $0.07. Marriott International had a negative return on equity of 100.64% and a net margin of 9.75%. The firm had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.19 billion. During the same quarter in the prior year, the business earned $2.13 earnings per share. The company's revenue was up 4.8% compared to the same quarter last year. Research analysts forecast that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, May 23rd were paid a $0.67 dividend. This is an increase from Marriott International's previous quarterly dividend of $0.63. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.95%. Marriott International's dividend payout ratio is presently 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.