Marriott International, Inc. (NASDAQ:MAR) Shares Sold by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. cut its holdings in shares of Marriott International, Inc. (NASDAQ:MARFree Report) by 83.8% during the third quarter, HoldingsChannel.com reports. The fund owned 4,007 shares of the company’s stock after selling 20,681 shares during the period. Landscape Capital Management L.L.C.’s holdings in Marriott International were worth $788,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Penobscot Investment Management Company Inc. acquired a new position in Marriott International in the 3rd quarter valued at about $864,000. PGGM Investments boosted its holdings in Marriott International by 4.8% in the 3rd quarter. PGGM Investments now owns 18,022 shares of the company’s stock valued at $3,542,000 after purchasing an additional 820 shares during the last quarter. Banco Santander S.A. acquired a new position in Marriott International in the 3rd quarter valued at about $1,010,000. Fidelis Capital Partners LLC acquired a new position in Marriott International in the 3rd quarter valued at about $263,000. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new position in Marriott International in the 3rd quarter valued at about $22,756,000. 58.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MAR has been the topic of several recent analyst reports. Jefferies Financial Group boosted their target price on shares of Marriott International from $205.00 to $227.00 and gave the company a “hold” rating in a report on Tuesday, January 2nd. Morgan Stanley boosted their price target on shares of Marriott International from $225.00 to $232.00 and gave the company an “overweight” rating in a research note on Monday, October 16th. HSBC started coverage on shares of Marriott International in a research note on Monday, October 23rd. They issued a “buy” rating and a $233.00 price target on the stock. Barclays boosted their price target on shares of Marriott International from $208.00 to $234.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. Finally, Wells Fargo & Company initiated coverage on shares of Marriott International in a research note on Tuesday, December 5th. They issued an “equal weight” rating and a $220.00 price target on the stock. Ten equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $219.60.

View Our Latest Analysis on MAR

Marriott International Trading Down 1.0 %

Shares of NASDAQ:MAR opened at $242.55 on Monday. Marriott International, Inc. has a 52 week low of $153.56 and a 52 week high of $246.74. The company’s 50 day moving average is $223.55 and its two-hundred day moving average is $207.48. The company has a market cap of $71.23 billion, a PE ratio of 25.97, a P/E/G ratio of 1.44 and a beta of 1.64.

Marriott International (NASDAQ:MARGet Free Report) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $2.11 EPS for the quarter, beating analysts’ consensus estimates of $2.10 by $0.01. Marriott International had a net margin of 12.35% and a negative return on equity of 5,862.15%. The company had revenue of $5.93 billion for the quarter, compared to the consensus estimate of $5.90 billion. As a group, equities research analysts expect that Marriott International, Inc. will post 8.59 EPS for the current year.

Marriott International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Wednesday, November 22nd were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date was Tuesday, November 21st. Marriott International’s dividend payout ratio is presently 22.03%.

Marriott International announced that its Board of Directors has authorized a share buyback program on Thursday, November 9th that allows the company to buyback 25,000,000 shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Insider Activity

In other news, CAO Felitia Lee sold 570 shares of the company’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $210.08, for a total value of $119,745.60. Following the completion of the transaction, the chief accounting officer now owns 2,793 shares in the company, valued at approximately $586,753.44. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 12.32% of the company’s stock.

Marriott International Profile

(Free Report)

Marriott International, Inc operates, franchises, and licenses hotel, residential, timeshare, and other lodging properties worldwide. The company operates through U.S. and Canada, and International segments. It operates its properties under the JW Marriott, The Ritz-Carlton, Ritz-Carlton Reserve, W Hotels, The Luxury Collection, St.

See Also

Want to see what other hedge funds are holding MAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marriott International, Inc. (NASDAQ:MARFree Report).

Institutional Ownership by Quarter for Marriott International (NASDAQ:MAR)

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