RMR Wealth Builders Decreases Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

RMR Wealth Builders cut its holdings in Marriott International, Inc. (NASDAQ:MAR) by 4.7% during the 4th quarter, Holdings Channel reports. The firm owned 1,107 shares of the company’s stock after selling 54 shares during the period. RMR Wealth Builders’ holdings in Marriott International were worth $309,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its holdings in shares of Marriott International by 5.1% during the second quarter. Dimensional Fund Advisors LP now owns 679,757 shares of the company’s stock valued at $164,355,000 after purchasing an additional 33,149 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its position in shares of Marriott International by 8.1% in the second quarter. Mercer Global Advisors Inc. ADV now owns 36,252 shares of the company’s stock worth $8,765,000 after purchasing an additional 2,711 shares during the period. Vanguard Personalized Indexing Management LLC increased its stake in Marriott International by 3.7% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 23,405 shares of the company’s stock worth $5,165,000 after buying an additional 845 shares in the last quarter. Blair William & Co. IL grew its position in shares of Marriott International by 30.2% during the second quarter. Blair William & Co. IL now owns 34,756 shares of the company’s stock worth $8,403,000 after purchasing an additional 8,066 shares in the last quarter. Finally, Seven Eight Capital LP bought a new stake in shares of Marriott International during the second quarter valued at approximately $2,063,000. 70.70% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Marriott International

In other news, EVP Benjamin T. Breland sold 500 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total value of $137,245.00. Following the completion of the sale, the executive vice president now owns 12,286 shares in the company, valued at $3,372,384.14. This represents a 3.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider William P. Brown sold 1,707 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $284.30, for a total value of $485,300.10. Following the sale, the insider now owns 23,077 shares of the company’s stock, valued at approximately $6,560,791.10. This represents a 6.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,815 shares of company stock valued at $3,919,739. Insiders own 10.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Argus increased their target price on Marriott International from $300.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday. Evercore ISI boosted their price objective on Marriott International from $245.00 to $270.00 and gave the company an “in-line” rating in a report on Monday, October 21st. BMO Capital Markets raised their target price on shares of Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 5th. Macquarie reaffirmed a “neutral” rating and issued a $245.00 price objective on shares of Marriott International in a research note on Tuesday, November 5th. Finally, Sanford C. Bernstein lifted their price target on Marriott International from $262.00 to $290.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Fourteen research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Marriott International presently has an average rating of “Hold” and a consensus price target of $272.15.

Marriott International Price Performance

Shares of NASDAQ:MAR opened at $276.00 on Friday. The firm has a market capitalization of $76.70 billion, a price-to-earnings ratio of 28.87, a price-to-earnings-growth ratio of 4.48 and a beta of 1.57. Marriott International, Inc. has a 12 month low of $204.55 and a 12 month high of $295.45. The business’s 50 day simple moving average is $282.64 and its 200-day simple moving average is $255.51.

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 firm had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.27 billion. During the same period in the previous year, the firm posted $2.11 earnings per share. The firm’s revenue was up 5.5% on a year-over-year basis. On average, equities analysts anticipate that Marriott International, Inc. will post 9.25 earnings per share for the current year.

Marriott International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Thursday, November 21st were paid a dividend of $0.63 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.52 dividend on an annualized basis and a yield of 0.91%. Marriott International’s dividend payout ratio (DPR) is presently 26.36%.

About Marriott International

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.