Jensen Investment Management Inc. Sells 220 Shares of Marriott International, Inc. (NASDAQ:MAR)

Jensen Investment Management Inc. lowered its position in Marriott International, Inc. (NASDAQ:MAR) by 6.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,970 shares of the company’s stock after selling 220 shares during the period. Jensen Investment Management Inc.’s holdings in Marriott International were worth $828,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in shares of Marriott International during the fourth quarter worth approximately $165,162,000. PointState Capital LP purchased a new position in shares of Marriott International during the third quarter worth approximately $98,249,000. Proficio Capital Partners LLC increased its position in shares of Marriott International by 36,564.5% during the fourth quarter. Proficio Capital Partners LLC now owns 360,779 shares of the company’s stock worth $100,636,000 after acquiring an additional 359,795 shares during the period. Assenagon Asset Management S.A. increased its position in shares of Marriott International by 341.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 381,226 shares of the company’s stock worth $106,339,000 after acquiring an additional 294,898 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich increased its position in shares of Marriott International by 35,705.3% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 241,686 shares of the company’s stock worth $71,681,000 after acquiring an additional 241,011 shares during the period. Institutional investors own 70.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Wells Fargo & Company cut their price objective 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. Argus lifted their price objective on shares of Marriott International from $300.00 to $330.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Morgan Stanley lifted their price target on shares of Marriott International from $289.00 to $298.00 and gave the stock an “overweight” rating in a report on Tuesday, March 4th. Evercore ISI raised shares of Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 price target on the stock in a report on Tuesday, February 4th. Finally, Susquehanna lifted their price target on shares of Marriott International from $255.00 to $285.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Thirteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Marriott International currently has a consensus rating of “Hold” and a consensus target price of $286.45.

Insider Buying and Selling at Marriott International

In other news, CFO Kathleen K. Oberg sold 14,498 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 14,282 shares in the company, valued at approximately $3,971,395.74. This represents a 50.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Rena Hozore Reiss sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $286.65, for a total transaction 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 approximately $7,089,714.45. This represents a 12.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 31,694 shares of company stock worth $8,938,132 in the last ninety days. 12.32% of the stock is owned by insiders.

Marriott International Trading Up 2.5 %

Shares of NASDAQ MAR opened at $243.11 on Monday. Marriott International, Inc. has a 12-month low of $204.55 and a 12-month high of $307.52. The stock has a market cap of $67.02 billion, a PE ratio of 29.22, a P/E/G ratio of 3.42 and a beta of 1.58. The company has a 50-day moving average of $278.37 and a 200 day moving average of $269.96.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.08. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. On average, sell-side analysts forecast that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, February 27th will be issued a $0.63 dividend. The ex-dividend date is Thursday, February 27th. This represents a $2.52 annualized dividend and a yield of 1.04%. Marriott International’s payout ratio is 30.29%.

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.