YHB Investment Advisors Inc. Sells 5,231 Shares of Marriott International, Inc. (NASDAQ:MAR)

YHB Investment Advisors Inc. cut its stake in Marriott International, Inc. (NASDAQ:MARFree Report) by 21.6% in the 4th quarter, Holdings Channel reports. The fund owned 18,951 shares of the company’s stock after selling 5,231 shares during the quarter. YHB Investment Advisors Inc.’s holdings in Marriott International were worth $4,274,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Baystate Wealth Management LLC boosted its position in Marriott International by 146.1% during the fourth quarter. Baystate Wealth Management LLC now owns 635 shares of the company’s stock valued at $143,000 after buying an additional 377 shares during the period. ORG Partners LLC boosted its holdings in shares of Marriott International by 72.6% during the fourth quarter. ORG Partners LLC now owns 126 shares of the company’s stock worth $29,000 after purchasing an additional 53 shares during the period. Valeo Financial Advisors LLC boosted its holdings in shares of Marriott International by 37.3% during the fourth quarter. Valeo Financial Advisors LLC now owns 2,199 shares of the company’s stock worth $496,000 after purchasing an additional 597 shares during the period. Sapient Capital LLC purchased a new stake in shares of Marriott International during the fourth quarter worth about $10,622,000. Finally, Round Rock Advisors LLC boosted its holdings in shares of Marriott International by 143.0% during the fourth quarter. Round Rock Advisors LLC now owns 2,549 shares of the company’s stock worth $575,000 after purchasing an additional 1,500 shares during the period. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on MAR shares. Argus increased their target price on shares of Marriott International from $270.00 to $280.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. BMO Capital Markets increased their price target on shares of Marriott International from $230.00 to $235.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 14th. Robert W. Baird decreased their price target on shares of Marriott International from $250.00 to $248.00 and set a “neutral” rating for the company in a research note on Wednesday, February 14th. UBS Group increased their price target on shares of Marriott International from $210.00 to $259.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. Finally, Jefferies Financial Group increased their price target on shares of Marriott International from $205.00 to $227.00 and gave the stock a “hold” rating in a research note on Tuesday, January 2nd. Eleven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $236.81.

View Our Latest Report on Marriott International

Insider Buying and Selling

In other news, EVP Rena Hozore Reiss sold 3,563 shares of Marriott International stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $240.39, for a total transaction of $856,509.57. Following the transaction, the executive vice president now owns 36,778 shares in the company, valued at approximately $8,841,063.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Rena Hozore Reiss sold 3,563 shares of Marriott International stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $240.39, for a total transaction of $856,509.57. Following the transaction, the executive vice president now owns 36,778 shares in the company, valued at approximately $8,841,063.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Eric Hippeau sold 2,600 shares of Marriott International stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $237.40, for a total transaction of $617,240.00. Following the transaction, the director now owns 1,472 shares in the company, valued at approximately $349,452.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 125,003 shares of company stock worth $30,435,493. 12.32% of the stock is owned by insiders.

Marriott International Trading Down 2.9 %

Shares of MAR stock opened at $251.06 on Friday. Marriott International, Inc. has a 12-month low of $161.71 and a 12-month high of $260.57. The firm’s 50 day moving average is $248.88 and its 200 day moving average is $224.04. The stock has a market capitalization of $72.55 billion, a P/E ratio of 24.64, a P/E/G ratio of 1.83 and a beta of 1.62.

Marriott International (NASDAQ:MARGet Free Report) last issued its earnings results on Tuesday, February 13th. The company reported $3.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $1.45. Marriott International had a net margin of 13.00% and a negative return on equity of 848.49%. The company had revenue of $6.10 billion for the quarter, compared to analysts’ expectations of $6.20 billion. During the same quarter last year, the company posted $1.96 earnings per share. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. As a group, equities analysts predict that Marriott International, Inc. will post 9.46 earnings per share for the current year.

Marriott International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, February 22nd were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend was Wednesday, February 21st. Marriott International’s dividend payout ratio is currently 20.41%.

Marriott International Company Profile

(Free Report)

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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.

Further Reading

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)

Receive News & Ratings for Marriott International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marriott International and related companies with MarketBeat.com's FREE daily email newsletter.