Cwm LLC Has $9.93 Million Holdings in Marriott International, Inc. (NASDAQ:MAR)

CWM LLC trimmed its holdings in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 2.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,683 shares of the company's stock after selling 1,110 shares during the period. CWM LLC's holdings in Marriott International were worth $9,929,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Brighton Jones LLC lifted its stake in Marriott International by 2.5% in the 4th quarter. Brighton Jones LLC now owns 8,887 shares of the company's stock valued at $2,479,000 after purchasing an additional 218 shares during the last quarter. Proficio Capital Partners LLC lifted its stake in Marriott International by 31.4% in the 4th quarter. Proficio Capital Partners LLC now owns 1,293 shares of the company's stock valued at $361,000 after purchasing an additional 309 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Marriott International by 24.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 613 shares of the company's stock valued at $171,000 after purchasing an additional 120 shares during the last quarter. Avantax Advisory Services Inc. lifted its stake in Marriott International by 0.7% in the 4th quarter. Avantax Advisory Services Inc. now owns 8,278 shares of the company's stock valued at $2,309,000 after purchasing an additional 57 shares during the last quarter. Finally, Choate Investment Advisors lifted its stake in Marriott International by 2.4% in the 4th quarter. Choate Investment Advisors now owns 3,575 shares of the company's stock valued at $997,000 after purchasing an additional 84 shares during the last quarter. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Melius Research upgraded shares of Marriott International to a "strong-buy" rating in a research report on Monday, April 21st. Stifel Nicolaus cut their price objective on shares of Marriott International from $295.00 to $240.00 and set a "hold" rating for the company in a research report on Wednesday, April 16th. UBS Group cut their price objective on shares of Marriott International from $302.00 to $299.00 and set a "neutral" rating for the company in a research report on Wednesday, May 21st. Barclays cut their price objective on shares of Marriott International from $283.00 to $236.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and set a $245.00 target price (down from $313.00) on shares of Marriott International in a report on Monday, April 14th. Thirteen equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $276.90.

Marriott International Price Performance

NASDAQ:MAR traded down $1.30 during mid-day trading on Wednesday, reaching $273.60. The stock had a trading volume of 1,004,966 shares, compared to its average volume of 1,588,537. The stock has a 50-day simple moving average of $268.00 and a two-hundred day simple moving average of $262.48. The stock has a market capitalization of $74.94 billion, a PE ratio of 31.16, a P/E/G ratio of 3.39 and a beta of 1.41. Marriott International, Inc. has a 12 month low of $204.55 and a 12 month high of $307.52.

Marriott International (NASDAQ:MAR - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $2.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.25 by $0.07. The business had revenue of $6.26 billion for the quarter, compared to analysts' expectations of $6.19 billion. Marriott International had a net margin of 9.75% and a negative return on equity of 100.64%. The firm's quarterly revenue was up 4.8% compared to the same quarter last year. During the same period last year, the firm posted $2.13 earnings per share. Equities analysts expect that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, May 23rd were paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend was Friday, May 23rd. This is a boost from Marriott International's previous quarterly dividend of $0.63. Marriott International's payout ratio is presently 30.52%.

Insiders Place Their Bets

In other Marriott International news, EVP Benjamin T. Breland sold 1,000 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $270.21, for a total transaction of $270,210.00. Following the sale, the executive vice president owned 20,724 shares of the company's stock, valued at approximately $5,599,832.04. The trade was a 4.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Rajeev Menon sold 2,500 shares of the business's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $268.28, for a total transaction of $670,700.00. Following the sale, the insider directly 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. Over the last quarter, insiders have sold 15,500 shares of company stock valued at $4,107,710. 10.68% of the stock is currently owned by insiders.

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.