Gotham Asset Management LLC Has $16.05 Million Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

Gotham Asset Management LLC lowered its stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 33.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 57,540 shares of the company's stock after selling 29,020 shares during the quarter. Gotham Asset Management LLC's holdings in Marriott International were worth $16,050,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wescott Financial Advisory Group LLC increased its holdings in 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 purchasing an additional 35 shares in the last quarter. TFG Advisers LLC lifted its stake in Marriott International by 0.8% in the 4th quarter. TFG Advisers LLC now owns 4,426 shares of the company's stock valued at $1,235,000 after acquiring an additional 37 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in Marriott International by 1.2% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,290 shares of the company's stock worth $918,000 after acquiring an additional 38 shares during the last quarter. Evermay Wealth Management LLC raised its holdings in shares of Marriott International by 1.1% in the fourth quarter. Evermay Wealth Management LLC now owns 3,415 shares of the company's stock valued at $953,000 after purchasing an additional 38 shares during the last quarter. Finally, Essex Financial Services Inc. boosted its holdings in Marriott International by 1.3% during the fourth quarter. Essex Financial Services Inc. now owns 3,004 shares of the company's stock worth $838,000 after purchasing an additional 39 shares during the last quarter. Institutional investors and hedge funds own 70.70% of the company's stock.

Insider Transactions at Marriott International

In other Marriott International news, insider William P. Brown sold 12,642 shares of the company's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $285.63, for a total value of $3,610,934.46. Following the sale, the insider now owns 30,919 shares in the company, valued at approximately $8,831,393.97. The trade was a 29.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Susan C. Schwab sold 1,054 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $277.48, for a total value of $292,463.92. Following the transaction, the director now owns 4,551 shares of the company's stock, valued at $1,262,811.48. This trade represents a 18.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,694 shares of company stock worth $8,938,132. Insiders own 10.68% of the company's stock.

Marriott International Trading Down 0.5 %

NASDAQ MAR opened at $257.97 on Friday. Marriott International, Inc. has a 1 year low of $204.55 and a 1 year high of $307.52. The firm has a market capitalization of $70.66 billion, a price-to-earnings ratio of 31.01, a P/E/G ratio of 3.42 and a beta of 1.39. The firm's 50 day simple moving average is $237.89 and its 200 day simple moving average is $266.40.

Marriott International (NASDAQ:MAR - Get Free Report) last posted its quarterly 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 116.67% and a net margin of 9.46%. The company had revenue of $6.26 billion during the quarter, compared to analysts' expectations of $6.19 billion. During the same quarter in the previous year, the firm earned $2.13 EPS. Marriott International's revenue was up 4.8% on a year-over-year basis. On average, equities research analysts forecast that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, February 27th were given a $0.63 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $2.52 annualized dividend and a yield of 0.98%. Marriott International's dividend payout ratio is presently 28.70%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MAR. UBS Group lifted their price target on shares of Marriott International from $294.00 to $301.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Evercore ISI upgraded Marriott International from an "in-line" rating to an "outperform" rating and set a $330.00 price target for the company in a research note on Tuesday, February 4th. Mizuho cut their price objective on Marriott International from $293.00 to $285.00 and set a "neutral" rating for the company in a report on Wednesday. Wells Fargo & Company dropped their price target on shares of Marriott International from $285.00 to $277.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 18th. Finally, Stifel Nicolaus lowered their price objective on shares of Marriott International from $295.00 to $240.00 and set a "hold" rating on the stock in a research note on Wednesday, April 16th. Fourteen investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $272.75.

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.

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