Fiduciary Alliance LLC Invests $691,000 in Marriott International, Inc. (NASDAQ:MAR)

Fiduciary Alliance LLC acquired a new position in Marriott International, Inc. (NASDAQ:MAR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,477 shares of the company’s stock, valued at approximately $691,000.

Other institutional investors also recently bought and sold shares of the company. Silvant Capital Management LLC purchased a new position in Marriott International during the third quarter valued at approximately $31,000. Darwin Wealth Management LLC purchased a new position in shares of Marriott International in the 3rd quarter valued at $33,000. Cyrus J. Lawrence LLC bought a new position in shares of Marriott International in the 2nd quarter worth $36,000. ORG Partners LLC boosted its position in Marriott International by 158.5% during the fourth quarter. ORG Partners LLC now owns 137 shares of the company’s stock valued at $38,000 after purchasing an additional 84 shares in the last quarter. Finally, Kathleen S. Wright Associates Inc. purchased a new position in Marriott International in the third quarter valued at about $40,000. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Macquarie reaffirmed a “neutral” rating and issued a $245.00 price objective on shares of Marriott International in a research report on Tuesday, November 5th. Wells Fargo & Company upped their price target on Marriott International from $238.00 to $261.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 22nd. Evercore ISI raised their price objective on Marriott International from $245.00 to $270.00 and gave the stock an “in-line” rating in a research report on Monday, October 21st. Robert W. Baird increased their price target on Marriott International from $258.00 to $264.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Finally, Sanford C. Bernstein upped their price objective on shares of Marriott International from $262.00 to $290.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Fourteen analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $269.65.

Marriott International Stock Up 0.6 %

Shares of MAR opened at $272.29 on Tuesday. The company has a market capitalization of $75.67 billion, a PE ratio of 28.48, a price-to-earnings-growth ratio of 5.47 and a beta of 1.57. Marriott International, Inc. has a 52-week low of $204.55 and a 52-week high of $295.45. The stock has a fifty day simple moving average of $282.31 and a two-hundred day simple moving average of $255.12.

Marriott International (NASDAQ:MAR) last released its earnings results on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing the consensus estimate of $2.31 by ($0.05). Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The company had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.27 billion. During the same period in the previous year, the firm earned $2.11 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, equities analysts anticipate that Marriott International, Inc. will post 9.26 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Thursday, November 21st were given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date was Thursday, November 21st. Marriott International’s dividend payout ratio (DPR) is 26.36%.

Insider Activity at Marriott International

In other news, CEO Anthony Capuano sold 8,332 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $284.49, for a total value of $2,370,370.68. Following the completion of the sale, the chief executive officer now directly owns 108,361 shares of the company’s stock, valued at approximately $30,827,620.89. This represents a 7.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider William P. Brown sold 1,707 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $284.30, for a total transaction of $485,300.10. Following the completion of the sale, the insider now owns 23,077 shares of the company’s stock, valued at approximately $6,560,791.10. This trade represents a 6.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,815 shares of company stock valued at $3,919,739 over the last ninety days. Insiders own 12.32% of the company’s stock.

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.