Marriott International, Inc. (NASDAQ:MAR) Shares Sold by Pathstone Holdings LLC

Pathstone Holdings LLC lowered its position in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 1.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 206,580 shares of the company's stock after selling 2,414 shares during the period. Pathstone Holdings LLC owned about 0.07% of Marriott International worth $57,623,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Wescott Financial Advisory Group LLC lifted its holdings in shares of Marriott International by 0.6% in the 4th quarter. Wescott Financial Advisory Group LLC now owns 5,554 shares of the company's stock valued at $1,549,000 after acquiring an additional 35 shares during the last quarter. TFG Advisers LLC lifted its stake in Marriott International by 0.8% in the fourth quarter. TFG Advisers LLC now owns 4,426 shares of the company's stock worth $1,235,000 after purchasing an additional 37 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in Marriott International by 1.2% in the fourth 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 purchasing an additional 38 shares during the last quarter. Evermay Wealth Management LLC lifted its stake in Marriott International by 1.1% in the fourth quarter. Evermay Wealth Management LLC now owns 3,415 shares of the company's stock worth $953,000 after purchasing an additional 38 shares during the last quarter. Finally, Essex Financial Services Inc. lifted its stake in Marriott International by 1.3% in 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 own 70.70% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MAR. Mizuho reduced their target price on shares of Marriott International from $293.00 to $285.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Stifel Nicolaus cut their price objective on shares of Marriott International from $295.00 to $240.00 and set a "hold" rating on the stock in a report on Wednesday, April 16th. BMO Capital Markets lifted their price target on shares of Marriott International from $250.00 to $265.00 and gave the stock a "market perform" rating in a report on Wednesday, May 7th. Wells Fargo & Company cut 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 report on Tuesday, February 18th. Finally, Melius Research raised shares of Marriott International to a "strong-buy" rating in a report on Monday, April 21st. Thirteen research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Marriott International has a consensus rating of "Moderate Buy" and a consensus price target of $276.60.

Insider Buying and Selling at Marriott International

In other news, CFO Kathleen K. Oberg sold 14,498 shares of the firm's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $278.07, for a total value of $4,031,458.86. Following the sale, the chief financial officer now directly owns 14,282 shares in the company, valued at approximately $3,971,395.74. This trade represents a 50.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Rena Hozore Reiss sold 3,500 shares of the firm's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $286.65, for a total transaction of $1,003,275.00. Following the completion of the sale, the executive vice president now owns 24,733 shares in the company, valued at $7,089,714.45. The trade was a 12.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 32,694 shares of company stock worth $9,208,342 in the last ninety days. 10.68% of the stock is owned by insiders.

Marriott International Stock Performance

NASDAQ MAR traded down $0.05 on Monday, reaching $273.18. 419,216 shares of the company's stock traded hands, compared to its average volume of 1,887,941. The firm has a market cap of $74.82 billion, a price-to-earnings ratio of 32.83, a P/E/G ratio of 3.42 and a beta of 1.39. The stock has a 50 day moving average price of $239.16 and a 200-day moving average price of $266.80. Marriott International, Inc. has a fifty-two week low of $204.55 and a fifty-two week high of $307.52.

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

Marriott International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 23rd will be issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 0.98%. This is a positive change from Marriott International's previous quarterly dividend of $0.63. The ex-dividend date is Friday, May 23rd. Marriott International's payout ratio is presently 30.52%.

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.