Connecticut Wealth Management LLC Raises Position in Marriott International, Inc. (NASDAQ:MAR)

Connecticut Wealth Management LLC increased its holdings in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 114.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,624 shares of the company's stock after purchasing an additional 3,529 shares during the quarter. Connecticut Wealth Management LLC's holdings in Marriott International were worth $1,494,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Caprock Group LLC raised its holdings in Marriott International by 255.1% during the 4th quarter. Caprock Group LLC now owns 11,781 shares of the company's stock worth $2,657,000 after buying an additional 8,463 shares during the period. Cerity Partners LLC raised its holdings in shares of Marriott International by 86.8% during the fourth quarter. Cerity Partners LLC now owns 44,957 shares of the company's stock valued at $10,138,000 after acquiring an additional 20,890 shares during the period. Impax Asset Management Group plc lifted its position in shares of Marriott International by 88.4% in the 4th quarter. Impax Asset Management Group plc now owns 10,426 shares of the company's stock valued at $2,351,000 after acquiring an additional 4,892 shares in the last quarter. International Assets Investment Management LLC grew its position in Marriott International by 1,487.6% during the 4th quarter. International Assets Investment Management LLC now owns 345,246 shares of the company's stock worth $77,856,000 after purchasing an additional 323,500 shares in the last quarter. Finally, Vontobel Holding Ltd. raised its stake in Marriott International by 14.7% during the 4th quarter. Vontobel Holding Ltd. now owns 79,403 shares of the company's stock valued at $17,906,000 after purchasing an additional 10,197 shares during the period. 70.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Wells Fargo & Company reduced their price target on shares of Marriott International from $250.00 to $248.00 and set an "equal weight" rating for the company in a research report on Thursday. UBS Group lifted their target price on shares of Marriott International from $210.00 to $259.00 and gave the company a "neutral" rating in a research note on Wednesday, February 28th. Barclays increased their price objective on Marriott International from $239.00 to $240.00 and gave the stock an "equal weight" rating in a report on Friday, April 19th. BMO Capital Markets boosted their target price on Marriott International from $235.00 to $240.00 and gave the company a "market perform" rating in a research note on Thursday. Finally, Robert W. Baird raised their price target on Marriott International from $248.00 to $250.00 and gave the stock a "neutral" rating in a research note on Thursday. Eleven analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $241.33.

Marriott International Trading Down 0.4 %

Shares of Marriott International stock traded down $0.97 during trading on Friday, reaching $234.59. The company's stock had a trading volume of 1,572,856 shares, compared to its average volume of 1,539,790. The stock has a 50-day moving average price of $247.40 and a two-hundred day moving average price of $228.85. The stock has a market capitalization of $67.00 billion, a P/E ratio of 24.21, a price-to-earnings-growth ratio of 5.21 and a beta of 1.61. Marriott International, Inc. has a one year low of $165.13 and a one year high of $260.57.

Marriott International (NASDAQ:MAR - Get Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.04). The firm had revenue of $5.98 billion for the quarter, compared to analyst estimates of $5.95 billion. Marriott International had a negative return on equity of 376.88% and a net margin of 12.00%. The firm's quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company posted $2.09 EPS. As a group, sell-side analysts anticipate that Marriott International, Inc. will post 9.5 EPS for the current fiscal year.

Marriott International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, February 22nd were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend was Wednesday, February 21st. Marriott International's dividend payout ratio (DPR) is currently 21.47%.

Insider Buying and Selling

In other news, Director Eric Hippeau sold 1,400 shares of the company's stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $251.19, for a total value of $351,666.00. Following the completion of the sale, the director now directly owns 72 shares of the company's stock, valued at approximately $18,085.68. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Eric Hippeau sold 1,400 shares of the company's stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $251.19, for a total value of $351,666.00. Following the completion of the sale, the director now owns 72 shares in the company, valued at approximately $18,085.68. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider David S. Marriott sold 2,878 shares of Marriott International stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $248.94, for a total value of $716,449.32. Following the transaction, the insider now owns 596,042 shares in the company, valued at $148,378,695.48. The disclosure for this sale can be found here. Insiders sold a total of 125,003 shares of company stock valued at $30,435,493 over the last three months. Company insiders own 12.32% of the company's stock.

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.