Pinnacle Financial Partners Inc Has $95,000 Holdings in Marriott International, Inc. (NASDAQ:MAR)

Pinnacle Financial Partners Inc decreased its holdings in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 84.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 400 shares of the company's stock after selling 2,208 shares during the period. Pinnacle Financial Partners Inc's holdings in Marriott International were worth $95,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. FMR LLC grew its position in shares of Marriott International by 0.8% in the 4th quarter. FMR LLC now owns 6,973,897 shares of the company's stock worth $1,945,299,000 after buying 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 valued at $1,398,321,000 after buying an additional 60,458 shares during the last quarter. Capital International Investors increased its position in shares of Marriott International by 0.3% in the 4th 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 period. Wellington Management Group LLP lifted its position in Marriott International by 50.8% during the 4th quarter. Wellington Management Group LLP now owns 4,661,101 shares of the company's stock worth $1,300,168,000 after acquiring an additional 1,570,144 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of 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 purchasing an additional 512,963 shares during the period. Hedge funds and other institutional investors own 70.70% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on MAR. Barclays dropped their target price on Marriott International from $283.00 to $236.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Robert W. Baird upped their price target on shares of Marriott International from $250.00 to $265.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. BMO Capital Markets upped their target price on Marriott International from $250.00 to $265.00 and gave the stock a "market perform" rating in a research note on Wednesday, May 7th. JPMorgan Chase & Co. assumed coverage on shares of Marriott International in a research note on Monday, June 23rd. They issued a "neutral" rating and a $284.00 target price for the company. Finally, Stifel Nicolaus reduced their price target on Marriott International from $295.00 to $240.00 and set a "hold" rating for the company in a report on Wednesday, April 16th. 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 MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $275.90.

Insider Activity

In other news, EVP Benjamin T. Breland sold 1,000 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $270.21, for a total value of $270,210.00. Following the transaction, the executive vice president directly owned 20,724 shares in the company, valued at approximately $5,599,832.04. This trade represents a 4.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Anthony Capuano sold 12,000 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the chief executive officer owned 124,067 shares in the company, valued at $32,741,281.30. The trade was a 8.82% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,500 shares of company stock worth $4,107,710. 10.68% of the stock is currently owned by corporate insiders.

Marriott International Price Performance

MAR traded up $2.11 during trading on Tuesday, hitting $280.51. The company's stock had a trading volume of 695,276 shares, compared to its average volume of 1,589,831. Marriott International, Inc. has a twelve month low of $204.55 and a twelve month high of $307.52. The firm's 50 day moving average price is $263.45 and its 200-day moving average price is $262.46. The stock has a market cap of $76.83 billion, a PE ratio of 31.95, a PEG ratio of 3.45 and a beta of 1.41.

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

Marriott International Increases Dividend

The company 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. The ex-dividend date of this dividend was Friday, May 23rd. This is an increase from Marriott International's previous quarterly dividend of $0.63. This represents a $2.68 annualized dividend and a dividend yield of 0.96%. Marriott International's dividend payout ratio is 30.52%.

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.