Carson Advisory Inc. Reduces Position in Marriott International, Inc. (NASDAQ:MAR)

Carson Advisory Inc. lessened its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 14.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,727 shares of the company’s stock after selling 638 shares during the quarter. Carson Advisory Inc.’s holdings in Marriott International were worth $840,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. OFI Invest Asset Management acquired a new stake in Marriott International during the 3rd quarter worth approximately $25,000. ORG Partners LLC increased its stake in Marriott International by 72.6% in the 4th quarter. ORG Partners LLC now owns 126 shares of the company’s stock valued at $29,000 after purchasing an additional 53 shares in the last quarter. Keener Financial Planning LLC purchased a new position in Marriott International in the 4th quarter valued at approximately $30,000. Anchor Investment Management LLC purchased a new position in Marriott International in the 4th quarter valued at approximately $31,000. Finally, Wetzel Investment Advisors Inc. purchased a new position in Marriott International in the 4th quarter valued at approximately $33,000. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Marriott International Price Performance

Shares of NASDAQ MAR traded up $1.70 during midday trading on Thursday, hitting $235.56. 1,412,497 shares of the company’s stock were exchanged, compared to its average volume of 1,455,512. The stock’s 50 day moving average price is $248.01 and its 200-day moving average price is $228.08. The firm has a market cap of $68.07 billion, a P/E ratio of 22.90, a PEG ratio of 5.27 and a beta of 1.61. Marriott International, Inc. has a twelve month low of $165.13 and a twelve month high of $260.57.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). Marriott International had a net margin of 13.00% and a negative return on equity of 848.49%. The company had revenue of $5.98 billion for the quarter, compared to analyst estimates of $5.95 billion. During the same quarter last year, the company posted $2.09 EPS. Marriott International’s revenue was up 6.4% on a year-over-year basis. On average, analysts expect that Marriott International, Inc. will post 9.46 EPS for the current fiscal year.

Marriott International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, February 22nd were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend was Wednesday, February 21st. Marriott International’s dividend payout ratio (DPR) is presently 20.41%.

Wall Street Analyst Weigh In

MAR has been the subject of several recent research reports. Robert W. Baird raised their price target on Marriott International from $248.00 to $250.00 and gave the stock a “neutral” rating in a research report on Thursday. Mizuho boosted their price objective on Marriott International from $260.00 to $265.00 and gave the stock a “neutral” rating in a research note on Thursday. Wells Fargo & Company reduced their price objective on Marriott International from $250.00 to $248.00 and set an “equal weight” rating on the stock in a research note on Thursday. BMO Capital Markets boosted their price objective on Marriott International from $235.00 to $240.00 and gave the stock a “market perform” rating in a research note on Thursday. Finally, Barclays boosted 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. Eleven analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $237.31.

Insider Transactions at Marriott International

In other Marriott International news, Director Eric Hippeau sold 1,400 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $251.19, for a total transaction of $351,666.00. Following the transaction, the director now directly owns 72 shares of the company’s stock, valued at $18,085.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Marriott International news, CFO Kathleen K. Oberg sold 47,109 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $242.71, for a total transaction of $11,433,825.39. Following the completion of the sale, the chief financial officer now directly owns 20,036 shares in the company, valued at $4,862,937.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Eric Hippeau sold 1,400 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $251.19, for a total transaction of $351,666.00. Following the sale, the director now owns 72 shares of the company’s stock, valued at $18,085.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 125,003 shares of company stock valued at $30,435,493. 12.32% of the stock is 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.