Bartlett & CO. Wealth Management LLC Sells 48 Shares of Marriott International, Inc. (NASDAQ:MAR)

Bartlett & CO. Wealth Management LLC lessened its holdings in Marriott International, Inc. (NASDAQ:MAR) by 0.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 6,158 shares of the company’s stock after selling 48 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in Marriott International were worth $1,718,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Jensen Investment Management Inc. purchased a new stake in shares of Marriott International during the 3rd quarter valued at $793,000. BayBridge Capital Group LLC bought a new stake in Marriott International during the third quarter worth about $1,254,000. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Marriott International by 0.5% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 566,548 shares of the company’s stock worth $140,844,000 after purchasing an additional 2,723 shares in the last quarter. Oddo BHF Asset Management Sas purchased a new position in shares of Marriott International during the 3rd quarter valued at about $2,721,000. Finally, Kinsale Capital Group Inc. bought a new stake in Marriott International in the 3rd quarter worth approximately $3,769,000. Institutional investors own 70.70% of the company’s stock.

Marriott International Stock Performance

MAR stock opened at $285.07 on Friday. The company has a market capitalization of $79.22 billion, a price-to-earnings ratio of 29.82, a price-to-earnings-growth ratio of 4.59 and a beta of 1.57. The business’s 50 day moving average price is $282.07 and its two-hundred day moving average price is $256.82. Marriott International, Inc. has a fifty-two week low of $204.55 and a fifty-two week high of $295.45.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data 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). The firm had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.27 billion. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. Marriott International’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the company posted $2.11 EPS. Sell-side analysts forecast that Marriott International, Inc. will post 9.25 earnings per share for the current year.

Marriott International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Thursday, November 21st were paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend was Thursday, November 21st. Marriott International’s dividend payout ratio is 26.36%.

Insider Activity

In other news, CEO Anthony Capuano sold 8,332 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $284.49, for a total transaction of $2,370,370.68. Following the sale, the chief executive officer now owns 108,361 shares in the company, valued at $30,827,620.89. This represents a 7.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Kathleen K. Oberg sold 2,360 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $285.41, for a total value of $673,567.60. Following the sale, the chief financial officer now owns 39,726 shares in the company, valued at approximately $11,338,197.66. This represents a 5.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,815 shares of company stock worth $3,919,739. Insiders own 12.32% of the company’s stock.

Wall Street Analyst Weigh In

MAR has been the topic of several research reports. TD Cowen decreased their price target on shares of Marriott International from $295.00 to $283.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Robert W. Baird boosted their price target on shares of Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Jefferies Financial Group raised their price objective on Marriott International from $251.00 to $295.00 and gave the company a “hold” rating in a research note on Thursday, January 2nd. Evercore ISI boosted their target price on Marriott International from $245.00 to $270.00 and gave the company an “in-line” rating in a research note on Monday, October 21st. Finally, Bank of America raised their price target on Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Fourteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $272.15.

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.