Westover Capital Advisors LLC Has $3.18 Million Stake in Marriott International, Inc. (NASDAQ:MAR)

Westover Capital Advisors LLC trimmed its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 3.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 11,388 shares of the company’s stock after selling 347 shares during the period. Westover Capital Advisors LLC’s holdings in Marriott International were worth $3,177,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Sound Income Strategies LLC increased its position in Marriott International by 494.4% during the fourth quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock worth $30,000 after buying an additional 89 shares during the last quarter. Wingate Wealth Advisors Inc. acquired a new stake in shares of Marriott International in the fourth quarter valued at about $33,000. Darwin Wealth Management LLC acquired a new stake in shares of Marriott International in the third quarter valued at about $33,000. Heck Capital Advisors LLC acquired a new stake in shares of Marriott International in the fourth quarter valued at about $38,000. Finally, ORG Partners LLC grew its position in shares of Marriott International by 158.5% in the fourth quarter. ORG Partners LLC now owns 137 shares of the company’s stock valued at $38,000 after purchasing an additional 84 shares during the last quarter. 70.70% of the stock is owned by institutional investors and hedge funds.

Marriott International Trading Down 1.0 %

NASDAQ:MAR opened at $277.72 on Tuesday. Marriott International, Inc. has a 1 year low of $204.55 and a 1 year high of $307.52. The firm has a 50 day moving average of $283.08 and a 200-day moving average of $268.04. The stock has a market capitalization of $76.57 billion, a P/E ratio of 33.38, a price-to-earnings-growth ratio of 3.42 and a beta of 1.57.

Marriott International (NASDAQ:MAR) last posted its earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.08. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. As a group, analysts forecast that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, February 27th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend is Thursday, February 27th. Marriott International’s dividend payout ratio (DPR) is currently 30.29%.

Insider Activity

In related news, EVP Rena Hozore Reiss sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $286.65, for a total value of $1,003,275.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider William P. Brown sold 12,642 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 30,919 shares of the company’s stock, valued at $8,831,393.97. This trade represents a 29.02 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 31,694 shares of company stock worth $8,938,132. Insiders own 12.32% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MAR. Argus raised their price target on Marriott International from $300.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Sanford C. Bernstein raised their price target on Marriott International from $262.00 to $290.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. TD Cowen decreased their target price on Marriott International from $295.00 to $283.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Wells Fargo & Company decreased their target price on Marriott International from $285.00 to $277.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 18th. Finally, Susquehanna lifted their target price on Marriott International from $255.00 to $285.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Thirteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $284.05.

Marriott International 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.