Raymond James & Associates Sells 14,153 Shares of Marriott International, Inc. (NASDAQ:MAR)

Raymond James & Associates lessened its holdings in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 2.5% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 542,064 shares of the company's stock after selling 14,153 shares during the period. Raymond James & Associates owned about 0.19% of Marriott International worth $136,768,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Valeo Financial Advisors LLC increased its holdings in Marriott International by 34.4% in the 3rd quarter. Valeo Financial Advisors LLC now owns 1,602 shares of the company's stock worth $315,000 after acquiring an additional 410 shares in the last quarter. Golden State Equity Partners purchased a new stake in Marriott International during the 3rd quarter valued at approximately $207,000. PDS Planning Inc purchased a new stake in Marriott International during the 3rd quarter valued at approximately $230,000. Accurate Wealth Management LLC grew its holdings in Marriott International by 7.8% during the 3rd quarter. Accurate Wealth Management LLC now owns 4,077 shares of the company's stock valued at $805,000 after buying an additional 295 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC purchased a new stake in Marriott International during the 3rd quarter valued at approximately $1,613,000. Institutional investors own 70.70% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on MAR. Mizuho reduced their price target on shares of Marriott International from $263.00 to $260.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 23rd. BMO Capital Markets lifted their price target on Marriott International from $230.00 to $235.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 14th. Barclays boosted their price objective on Marriott International from $239.00 to $240.00 and gave the stock an "equal weight" rating in a research note on Friday, April 19th. UBS Group boosted their price objective on Marriott International from $210.00 to $259.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 28th. Finally, Wells Fargo & Company boosted their price objective on Marriott International from $234.00 to $250.00 and gave the stock an "equal weight" rating in a research note on Monday, March 18th. Eleven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $236.69.

Insider Buying and Selling at Marriott International

In other Marriott International news, insider Satyajit Anand sold 2,749 shares of the company's stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $251.93, for a total value of $692,555.57. Following the sale, the insider now directly owns 24,478 shares of the company's stock, valued at $6,166,742.54. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Satyajit Anand sold 2,749 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $251.93, for a total transaction of $692,555.57. Following the sale, the insider now directly owns 24,478 shares of the company's stock, valued at approximately $6,166,742.54. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Eric Hippeau sold 2,600 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $237.40, for a total transaction of $617,240.00. Following the sale, the director now directly owns 1,472 shares in the company, valued at $349,452.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 125,003 shares of company stock valued at $30,435,493. 10.07% of the stock is owned by insiders.

Marriott International Trading Down 1.8 %

Shares of MAR stock traded down $4.36 during trading hours on Tuesday, reaching $236.13. 1,861,979 shares of the company's stock were exchanged, compared to its average volume of 1,447,560. The stock's 50 day moving average is $248.20 and its 200-day moving average is $228.04. The company has a market cap of $68.23 billion, a price-to-earnings ratio of 23.17, a P/E/G ratio of 5.37 and a beta of 1.62. Marriott International, Inc. has a fifty-two week low of $165.13 and a fifty-two week high of $260.57.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $3.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.12 by $1.45. Marriott International had a negative return on equity of 848.49% and a net margin of 13.00%. The business had revenue of $6.10 billion for the quarter, compared to the consensus estimate of $6.20 billion. During the same period in the prior year, the firm posted $1.96 earnings per share. The business's quarterly revenue was up 2.9% on a year-over-year basis. Equities analysts anticipate that Marriott International, Inc. will post 9.46 EPS for the current year.

Marriott International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, February 22nd were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.88%. The ex-dividend date was Wednesday, February 21st. Marriott International's payout ratio is 20.41%.

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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.

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