Redwood Investment Management LLC Trims Position in Marriott International, Inc. (NASDAQ:MAR)

Redwood Investment Management LLC lowered its stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 72.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,338 shares of the company's stock after selling 17,054 shares during the period. Redwood Investment Management LLC's holdings in Marriott International were worth $1,768,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Hopwood Financial Services Inc. purchased a new position in Marriott International in the fourth quarter valued at approximately $25,000. Bernard Wealth Management Corp. acquired a new position in shares of Marriott International in the 4th quarter valued at $25,000. Bell Investment Advisors Inc raised its stake in Marriott International by 112.2% during the 4th quarter. Bell Investment Advisors Inc now owns 104 shares of the company's stock worth $29,000 after acquiring an additional 55 shares in the last quarter. Sound Income Strategies LLC lifted its position in Marriott International by 494.4% in the fourth quarter. Sound Income Strategies LLC now owns 107 shares of the company's stock valued at $30,000 after acquiring an additional 89 shares during the last quarter. Finally, Wingate Wealth Advisors Inc. purchased a new position in shares of Marriott International during the fourth quarter worth about $33,000. 70.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Evercore ISI raised Marriott International from an "in-line" rating to an "outperform" rating and set a $330.00 target price for the company in a research report on Tuesday, February 4th. Dbs Bank raised Marriott International from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 14th. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $245.00 target price (down from $313.00) on shares of Marriott International in a report on Monday, April 14th. Robert W. Baird upped their price target on shares of Marriott International from $250.00 to $265.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. Finally, BMO Capital Markets raised their price objective on shares of Marriott International from $250.00 to $265.00 and gave the stock a "market perform" rating in a research report on Wednesday, May 7th. Thirteen analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Marriott International presently has a consensus rating of "Moderate Buy" and a consensus price target of $276.60.

Insider Buying and Selling

In other Marriott International news, insider William P. Brown sold 12,642 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $285.63, for a total transaction 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. This represents a 29.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kathleen K. Oberg sold 14,498 shares of the business's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $278.07, for a total value of $4,031,458.86. Following the completion of the transaction, the chief financial officer now directly owns 14,282 shares of the company's stock, valued at approximately $3,971,395.74. This trade represents a 50.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,694 shares of company stock valued at $9,208,342. 10.68% of the stock is owned by insiders.

Marriott International Stock Performance

Marriott International stock traded down $0.04 during midday trading on Monday, reaching $273.19. The company's stock had a trading volume of 1,099,134 shares, compared to its average volume of 1,604,249. Marriott International, Inc. has a fifty-two week low of $204.55 and a fifty-two week high of $307.52. The firm has a market capitalization of $74.83 billion, a PE ratio of 32.84, a P/E/G ratio of 3.42 and a beta of 1.39. The stock's 50 day simple moving average is $239.16 and its 200 day simple moving average is $266.80.

Marriott International (NASDAQ:MAR - Get Free Report) last released its quarterly earnings data 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 net margin of 9.46% and a negative return on equity of 116.67%. The firm had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.19 billion. During the same quarter in the previous year, the firm earned $2.13 earnings per share. The firm's revenue was up 4.8% on a year-over-year basis. Equities analysts predict that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Increases Dividend

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

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, City Express by Marriott, and St.