Marriott International, Inc. (NASDAQ:MAR) Shares Sold by Blodgett Wealth Advisors LLC

Blodgett Wealth Advisors LLC lowered its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 18.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,136 shares of the company’s stock after selling 250 shares during the quarter. Blodgett Wealth Advisors LLC’s holdings in Marriott International were worth $256,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in MAR. Grove Bank & Trust boosted its holdings in Marriott International by 3.4% in the fourth quarter. Grove Bank & Trust now owns 1,307 shares of the company’s stock worth $295,000 after purchasing an additional 43 shares during the period. Argus Investors Counsel Inc. boosted its holdings in Marriott International by 0.6% in the fourth quarter. Argus Investors Counsel Inc. now owns 7,731 shares of the company’s stock worth $1,743,000 after purchasing an additional 45 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its holdings in Marriott International by 2.8% in the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,673 shares of the company’s stock worth $377,000 after purchasing an additional 45 shares during the period. ORG Partners LLC boosted its holdings in Marriott International by 72.6% in 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. Finally, Chicago Capital LLC lifted its stake in Marriott International by 1.2% in the third quarter. Chicago Capital LLC now owns 4,597 shares of the company’s stock valued at $904,000 after buying an additional 54 shares during the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Stock Performance

Shares of Marriott International stock traded down $1.10 during trading on Friday, hitting $240.84. 1,065,478 shares of the stock traded hands, compared to its average volume of 1,445,392. The company has a fifty day moving average price of $248.36 and a two-hundred day moving average price of $227.03. Marriott International, Inc. has a twelve month low of $162.77 and a twelve month high of $260.57. The stock has a market cap of $69.60 billion, a P/E ratio of 23.63, a PEG ratio of 5.44 and a beta of 1.62.

Marriott International (NASDAQ:MAR) last posted its earnings results 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 firm had revenue of $6.10 billion during the quarter, compared to analyst estimates of $6.20 billion. During the same period in the previous year, the company earned $1.96 EPS. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, equities research analysts expect that Marriott International, Inc. will post 9.46 EPS for the current fiscal year.

Marriott International Dividend Announcement

The firm also recently declared 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. The ex-dividend date was Wednesday, February 21st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.86%. Marriott International’s dividend payout ratio (DPR) is presently 20.41%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Wells Fargo & Company raised their target price on Marriott International from $234.00 to $250.00 and gave the company an “equal weight” rating in a research note on Monday, March 18th. Jefferies Financial Group lifted their price objective on shares of Marriott International from $205.00 to $227.00 and gave the company a “hold” rating in a research note on Tuesday, January 2nd. Robert W. Baird cut their price objective on shares of Marriott International from $250.00 to $248.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 14th. Barclays lifted their price objective on shares of Marriott International from $239.00 to $240.00 and gave the company an “equal weight” rating in a research note on Friday, April 19th. Finally, Argus lifted their price objective on shares of Marriott International from $270.00 to $280.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. Eleven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $236.69.

Insider Transactions at Marriott International

In other news, EVP Rena Hozore Reiss sold 3,563 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $240.39, for a total transaction of $856,509.57. Following the completion of the transaction, the executive vice president now directly owns 36,778 shares in the company, valued at $8,841,063.42. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Eric Hippeau sold 1,400 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $251.19, for a total transaction of $351,666.00. Following the sale, the director now directly owns 72 shares in the company, valued at $18,085.68. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Rena Hozore Reiss sold 3,563 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $240.39, for a total value of $856,509.57. Following the completion of the sale, the executive vice president now owns 36,778 shares in the company, valued at $8,841,063.42. The disclosure for this sale can be found here. Insiders sold a total of 125,003 shares of company stock worth $30,435,493 over the last three months. 12.32% of the stock is currently owned by insiders.

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