Marriott International, Inc. (NASDAQ:MAR) Position Reduced by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC lessened its position in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 5.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,365 shares of the company's stock after selling 1,527 shares during the period. Silvercrest Asset Management Group LLC's holdings in Marriott International were worth $7,354,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Straightline Group LLC purchased a new stake in Marriott International in the fourth quarter valued at approximately $495,000. NewEdge Wealth LLC grew its stake in Marriott International by 34.4% during the fourth quarter. NewEdge Wealth LLC now owns 4,345 shares of the company's stock worth $1,212,000 after buying an additional 1,112 shares during the period. Union Bancaire Privee UBP SA purchased a new stake in Marriott International during the fourth quarter worth approximately $2,990,000. Markel Group Inc. grew its stake in Marriott International by 30.6% during the fourth quarter. Markel Group Inc. now owns 47,000 shares of the company's stock worth $13,110,000 after buying an additional 11,000 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Marriott International by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,477,619 shares of the company's stock worth $412,167,000 after buying an additional 32,288 shares during the period. Institutional investors and hedge funds own 70.70% of the company's stock.

Marriott International Stock Performance

Shares of Marriott International stock traded down $6.65 during trading on Wednesday, hitting $260.69. 1,271,778 shares of the stock were exchanged, compared to its average volume of 1,608,163. The stock's fifty day moving average is $240.70 and its 200 day moving average is $266.84. The stock has a market cap of $71.40 billion, a PE ratio of 31.33, a P/E/G ratio of 3.42 and a beta of 1.39. 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 released its quarterly 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 business had revenue of $6.26 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.13 earnings per share. Sell-side analysts anticipate that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 23rd will be given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 1.03%. 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 currently 30.52%.

Insider Activity at Marriott International

In other news, Director Susan C. Schwab sold 1,054 shares of the firm's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $277.48, for a total transaction of $292,463.92. Following the completion of the transaction, the director now owns 4,551 shares in the company, valued at approximately $1,262,811.48. This trade represents a 18.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Benjamin T. Breland sold 1,000 shares of the company's stock in a transaction dated 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 now directly owns 20,724 shares of the company's stock, valued at $5,599,832.04. This represents a 4.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,694 shares of company stock worth $9,208,342 in the last 90 days. Corporate insiders own 10.68% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Jefferies Financial Group upgraded shares of Marriott International from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $226.00 to $303.00 in a research note on Monday, May 12th. The Goldman Sachs Group restated a "neutral" rating and issued a $245.00 target price (down from $313.00) on shares of Marriott International in a research note on Monday, April 14th. Robert W. Baird upped their target price on shares of Marriott International from $250.00 to $265.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Truist Financial decreased their target price on shares of Marriott International from $308.00 to $300.00 and set a "hold" rating for the company in a research note on Friday, March 21st. Finally, Evercore ISI upgraded shares of Marriott International from an "in-line" rating to an "outperform" rating and set a $330.00 target price for the company in a research note on Tuesday, February 4th. Thirteen investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $276.50.

About Marriott International

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.