Raab & Moskowitz Asset Management LLC Has $3.22 Million Stock Position in Marriott International, Inc. (NASDAQ:MAR)

Raab & Moskowitz Asset Management LLC cut its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 1.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,267 shares of the company’s stock after selling 150 shares during the quarter. Marriott International accounts for about 1.0% of Raab & Moskowitz Asset Management LLC’s investment portfolio, making the stock its 26th largest holding. Raab & Moskowitz Asset Management LLC’s holdings in Marriott International were worth $3,217,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. FMR LLC boosted its position in Marriott International by 16.1% during the 3rd quarter. FMR LLC now owns 8,634,610 shares of the company’s stock worth $1,697,219,000 after acquiring an additional 1,194,665 shares during the period. Morgan Stanley boosted its position in Marriott International by 1.4% during the 3rd quarter. Morgan Stanley now owns 4,711,029 shares of the company’s stock worth $926,000,000 after acquiring an additional 63,411 shares during the period. Jennison Associates LLC boosted its position in Marriott International by 34.8% during the 4th quarter. Jennison Associates LLC now owns 4,547,098 shares of the company’s stock worth $1,025,416,000 after acquiring an additional 1,173,028 shares during the period. Invesco Ltd. boosted its position in Marriott International by 1.8% during the 3rd quarter. Invesco Ltd. now owns 2,734,680 shares of the company’s stock worth $537,529,000 after acquiring an additional 48,872 shares during the period. Finally, Northern Trust Corp boosted its position in Marriott International by 0.5% during the 3rd quarter. Northern Trust Corp now owns 2,461,649 shares of the company’s stock worth $483,862,000 after acquiring an additional 12,901 shares during the period. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Marriott International Stock Down 0.5 %

Shares of NASDAQ MAR opened at $240.84 on Friday. The business’s 50 day moving average is $248.36 and its two-hundred day moving average is $227.23. The company has a market cap of $69.60 billion, a P/E ratio of 23.63, a P/E/G ratio of 5.37 and a beta of 1.62. Marriott International, Inc. has a 12 month low of $162.77 and a 12 month high of $260.57.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $3.57 earnings per share for the quarter, topping the consensus estimate of $2.12 by $1.45. Marriott International had a negative return on equity of 848.49% and a net margin of 13.00%. The company had revenue of $6.10 billion for the quarter, compared to analyst estimates of $6.20 billion. During the same quarter last year, the firm earned $1.96 EPS. Marriott International’s revenue for the quarter was up 2.9% compared to the same quarter last year. Sell-side analysts expect that Marriott International, Inc. will post 9.46 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, February 22nd were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.86%. The ex-dividend date was Wednesday, February 21st. Marriott International’s payout ratio is presently 20.41%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Robert W. Baird cut their price target on Marriott International from $250.00 to $248.00 and set a “neutral” rating for the company in a research note on Wednesday, February 14th. BMO Capital Markets raised their price target on Marriott International from $230.00 to $235.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 14th. Wells Fargo & Company raised their price target on Marriott International from $234.00 to $250.00 and gave the stock an “equal weight” rating in a research note on Monday, March 18th. Barclays raised their price target on Marriott International from $239.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Friday, April 19th. Finally, UBS Group raised their price target on Marriott International from $210.00 to $259.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. Eleven analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $236.69.

Insider Transactions at Marriott International

In related news, Director Eric Hippeau sold 1,400 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $251.19, for a total value of $351,666.00. Following the sale, the director now owns 72 shares of the company’s stock, valued at approximately $18,085.68. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, EVP Drew Pinto sold 1,404 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $242.87, for a total value of $340,989.48. Following the sale, the executive vice president now owns 5,996 shares of the company’s stock, valued at approximately $1,456,248.52. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Eric Hippeau sold 1,400 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $251.19, for a total value of $351,666.00. Following the completion of the sale, the director now directly owns 72 shares in the company, valued at approximately $18,085.68. The disclosure for this sale can be found here. In the last quarter, insiders have sold 125,003 shares of company stock valued at $30,435,493. 12.32% of the stock is owned by corporate insiders.

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