Marriott International, Inc. (NASDAQ:MAR) Shares Sold by Burney Co.

Burney Co. trimmed its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 8.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,178 shares of the company’s stock after selling 576 shares during the period. Burney Co.’s holdings in Marriott International were worth $1,723,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Silvant Capital Management LLC acquired a new stake in Marriott International in the third quarter valued at approximately $31,000. Darwin Wealth Management LLC acquired a new stake in Marriott International in the 3rd quarter valued at $33,000. Cyrus J. Lawrence LLC purchased a new stake in Marriott International in the 2nd quarter worth $36,000. ORG Partners LLC raised its position in Marriott International by 158.5% during the fourth quarter. ORG Partners LLC now owns 137 shares of the company’s stock worth $38,000 after acquiring an additional 84 shares during the period. Finally, Kathleen S. Wright Associates Inc. purchased a new position in Marriott International during the third quarter valued at $40,000. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Marriott International Trading Down 0.0 %

Shares of NASDAQ:MAR opened at $276.00 on Friday. The business has a 50-day moving average price of $282.64 and a 200 day moving average price of $255.51. Marriott International, Inc. has a 12-month low of $204.55 and a 12-month high of $295.45. The company has a market capitalization of $76.70 billion, a price-to-earnings ratio of 28.87, a PEG ratio of 4.48 and a beta of 1.57.

Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Monday, November 4th. The company reported $2.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The company had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.27 billion. During the same period last year, the firm posted $2.11 earnings per share. Marriott International’s revenue was up 5.5% on a year-over-year basis. As a group, equities research analysts predict that Marriott International, Inc. will post 9.25 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Thursday, November 21st were issued a $0.63 dividend. The ex-dividend date was Thursday, November 21st. This represents a $2.52 annualized dividend and a dividend yield of 0.91%. Marriott International’s dividend payout ratio is presently 26.36%.

Insider Activity at Marriott International

In related news, CFO Kathleen K. Oberg sold 2,360 shares of Marriott International stock in a transaction on Monday, November 11th. The stock was sold at an average price of $285.41, for a total value of $673,567.60. Following the completion of the transaction, the chief financial officer now directly owns 39,726 shares in the company, valued at approximately $11,338,197.66. This trade represents a 5.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Benjamin T. Breland sold 500 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $274.49, for a total value of $137,245.00. Following the completion of the sale, the executive vice president now directly owns 12,286 shares in the company, valued at $3,372,384.14. This represents a 3.91 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,815 shares of company stock worth $3,919,739 in the last three months. 10.07% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on MAR shares. Stifel Nicolaus upped their price target on shares of Marriott International from $252.00 to $283.00 and gave the stock a “hold” rating in a research report on Tuesday, November 26th. Evercore ISI lifted their price target on Marriott International from $245.00 to $270.00 and gave the stock an “in-line” rating in a research note on Monday, October 21st. Mizuho increased their price objective on Marriott International from $233.00 to $246.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. upped their target price on shares of Marriott International from $251.00 to $269.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Finally, Sanford C. Bernstein raised their price target on shares of Marriott International from $262.00 to $290.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Fourteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Marriott International presently has an average rating of “Hold” and a consensus price target of $272.15.

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.