Twin Capital Management Inc. Sells 3,301 Shares of Marriott International, Inc. (NASDAQ:MAR)

Twin Capital Management Inc. trimmed its holdings in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 26.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,134 shares of the company's stock after selling 3,301 shares during the quarter. Twin Capital Management Inc.'s holdings in Marriott International were worth $2,176,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wescott Financial Advisory Group LLC raised its holdings in shares of Marriott International by 0.6% during the 4th quarter. Wescott Financial Advisory Group LLC now owns 5,554 shares of the company's stock worth $1,549,000 after acquiring an additional 35 shares in the last quarter. 4J Wealth Management LLC raised its holdings in shares of Marriott International by 3.6% during the 1st quarter. 4J Wealth Management LLC now owns 1,224 shares of the company's stock worth $292,000 after acquiring an additional 43 shares in the last quarter. Obsidian Personal Planning Solutions LLC raised its holdings in shares of Marriott International by 2.2% during the 4th quarter. Obsidian Personal Planning Solutions LLC now owns 2,019 shares of the company's stock worth $587,000 after acquiring an additional 44 shares in the last quarter. Sound Income Strategies LLC raised its holdings in shares of Marriott International by 46.7% during the 1st quarter. Sound Income Strategies LLC now owns 157 shares of the company's stock worth $37,000 after acquiring an additional 50 shares in the last quarter. Finally, Rosenberg Matthew Hamilton raised its holdings in shares of Marriott International by 3.4% during the 1st quarter. Rosenberg Matthew Hamilton now owns 1,529 shares of the company's stock worth $364,000 after acquiring an additional 50 shares in the last quarter. 70.70% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Marriott International

In other Marriott International news, CEO Anthony Capuano sold 12,000 shares of Marriott International stock in a transaction on Friday, May 30th. The stock was 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 in the company, valued at $32,741,281.30. The trade was a 8.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Benjamin T. Breland sold 1,000 shares of Marriott International stock in a transaction on Monday, May 12th. The shares were sold at an average price of $270.21, for a total value of $270,210.00. Following the completion of the sale, the executive vice president owned 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. Insiders sold a total of 15,500 shares of company stock worth $4,107,710 in the last three months. 10.68% of the stock is owned by corporate insiders.

Marriott International Stock Up 0.4%

Marriott International stock opened at $272.58 on Friday. The firm has a market cap of $74.66 billion, a price-to-earnings ratio of 31.05, a price-to-earnings-growth ratio of 2.61 and a beta of 1.41. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $307.52. The business's 50-day moving average price is $268.54 and its 200 day moving average price is $262.26.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $2.32 EPS for the quarter, beating the consensus estimate of $2.25 by $0.07. The company had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.19 billion. Marriott International had a negative return on equity of 100.64% and a net margin of 9.75%. Marriott International's quarterly revenue was up 4.8% compared to the same quarter last year. During the same period last year, the company earned $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 issued a $0.67 dividend. This is a boost from Marriott International's previous quarterly dividend of $0.63. This represents a $2.68 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend was Friday, May 23rd. Marriott International's dividend payout ratio is presently 30.52%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on MAR shares. Morgan Stanley cut their target price on Marriott International from $275.00 to $267.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Barclays cut 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. Dbs Bank raised Marriott International from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 14th. Stifel Nicolaus cut their price objective on Marriott International from $295.00 to $240.00 and set a "hold" rating on the stock in a research report on Wednesday, April 16th. Finally, Robert W. Baird upped their price objective on Marriott International from $265.00 to $285.00 and gave the company a "neutral" rating in a research report on Wednesday. Thirteen research 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. Based on data from MarketBeat.com, Marriott International has an average rating of "Moderate Buy" and a consensus target price of $276.90.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.