Mission Creek Capital Partners Inc. Sells 3,582 Shares of Marriott International, Inc. (NASDAQ:MAR)

Mission Creek Capital Partners Inc. reduced its position in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 26.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,753 shares of the company's stock after selling 3,582 shares during the period. Mission Creek Capital Partners Inc.'s holdings in Marriott International were worth $2,721,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Straightline Group LLC acquired a new stake in shares of Marriott International during the fourth quarter worth approximately $495,000. NewEdge Wealth LLC grew its holdings in shares of Marriott International by 34.4% during the 4th quarter. NewEdge Wealth LLC now owns 4,345 shares of the company's stock valued at $1,212,000 after acquiring an additional 1,112 shares in the last quarter. Oddo BHF Asset Management Sas acquired a new position in shares of Marriott International in the third quarter worth $2,721,000. Union Bancaire Privee UBP SA acquired a new stake in Marriott International during the fourth quarter valued at $2,990,000. Finally, Markel Group Inc. grew its stake in Marriott International by 30.6% in the fourth quarter. Markel Group Inc. now owns 47,000 shares of the company's stock valued at $13,110,000 after purchasing an additional 11,000 shares in the last quarter. Institutional investors and hedge funds own 70.70% of the company's stock.

Marriott International Trading Up 2.3 %

Shares of NASDAQ:MAR traded up $5.37 during trading on Thursday, hitting $243.95. 1,816,795 shares of the company's stock were exchanged, compared to its average volume of 1,588,658. The firm has a 50-day moving average price of $241.42 and a two-hundred day moving average price of $266.89. Marriott International, Inc. has a 1-year low of $204.55 and a 1-year high of $307.52. The firm has a market cap of $67.32 billion, a P/E ratio of 29.32, a PEG ratio of 3.42 and a beta of 1.42.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.37 by $0.08. Marriott International had a negative return on equity of 116.67% and a net margin of 9.46%. As a group, research analysts predict that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, February 27th were paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend was Thursday, February 27th. Marriott International's payout ratio is currently 30.29%.

Analysts Set New Price Targets

MAR has been the subject of several recent research reports. Stifel Nicolaus lowered their price target on Marriott International from $295.00 to $240.00 and set a "hold" rating for the company in a research note on Wednesday, April 16th. Barclays reduced their price target on 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. Jefferies Financial Group reduced their target price on Marriott International from $295.00 to $226.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. UBS Group increased their price target on Marriott International from $294.00 to $301.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Finally, Morgan Stanley reduced their price objective on shares of Marriott International from $275.00 to $267.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Fourteen investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $273.10.

Insider Transactions at Marriott International

In other Marriott International news, CFO Kathleen K. Oberg sold 14,498 shares of the business's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $278.07, for a total transaction of $4,031,458.86. Following the transaction, the chief financial officer now owns 14,282 shares of the company's stock, valued at $3,971,395.74. The trade was a 50.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Susan C. Schwab sold 1,054 shares of the company's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $277.48, for a total transaction of $292,463.92. Following the sale, the director now directly owns 4,551 shares in the company, 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. Insiders sold 31,694 shares of company stock valued at $8,938,132 over the last quarter. Corporate insiders own 10.68% of the company's stock.

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.