Marriott International, Inc. (NASDAQ:MAR) Shares Sold by Bokf Na

Bokf Na cut its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 10.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 3,560 shares of the company’s stock after selling 414 shares during the quarter. Bokf Na’s holdings in Marriott International were worth $964,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Straightline Group LLC purchased a new stake in Marriott International during the fourth quarter worth about $495,000. NewEdge Wealth LLC boosted its position in Marriott International by 34.4% in the 4th quarter. NewEdge Wealth LLC now owns 4,345 shares of the company’s stock valued at $1,212,000 after buying an additional 1,112 shares during the period. Union Bancaire Privee UBP SA acquired a new position in shares of Marriott International in the fourth quarter worth $2,990,000. Markel Group Inc. raised its stake in shares of Marriott International by 30.6% in the fourth quarter. Markel Group Inc. now owns 47,000 shares of the company’s stock valued at $13,110,000 after acquiring an additional 11,000 shares in the last quarter. Finally, Covea Finance grew its stake in Marriott International by 69.9% during the 4th quarter. Covea Finance now owns 60,540 shares of the company’s stock worth $16,887,000 after purchasing an additional 24,900 shares in the last quarter. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Marriott International Price Performance

Shares of NASDAQ MAR opened at $259.49 on Friday. The company has a market cap of $71.61 billion, a PE ratio of 31.19, a P/E/G ratio of 3.42 and a beta of 1.39. Marriott International, Inc. has a 1-year low of $204.55 and a 1-year high of $307.52. The stock has a fifty day moving average price of $238.15 and a 200 day moving average price of $266.39.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $2.32 earnings per share for the quarter, beating analysts’ consensus estimates of $2.25 by $0.07. Marriott International had a negative return on equity of 116.67% and a net margin of 9.46%. The firm had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.19 billion. During the same period in the previous year, the business earned $2.13 earnings per share. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. Analysts anticipate that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, February 27th were paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend was Thursday, February 27th. Marriott International’s dividend payout ratio (DPR) is 30.29%.

Insider Buying and Selling

In other Marriott International news, CFO Kathleen K. Oberg sold 14,498 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $278.07, for a total transaction of $4,031,458.86. Following the sale, the chief financial officer now owns 14,282 shares in the company, valued at approximately $3,971,395.74. This represents a 50.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider William P. Brown sold 12,642 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $285.63, for a total transaction of $3,610,934.46. Following the sale, the insider now directly owns 30,919 shares in the company, valued at $8,831,393.97. This represents a 29.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,694 shares of company stock valued at $8,938,132. 10.68% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on MAR shares. BMO Capital Markets boosted their price objective on Marriott International from $250.00 to $265.00 and gave the stock a “market perform” rating in a research report on Wednesday. Robert W. Baird raised their price objective on shares of Marriott International from $250.00 to $265.00 and gave the company a “neutral” rating in a report on Wednesday. Jefferies Financial Group lowered their target price on shares of Marriott International from $295.00 to $226.00 and set a “hold” rating for the company in a research note on Wednesday, April 9th. Mizuho lowered their price objective on Marriott International from $293.00 to $285.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, Susquehanna boosted their target price on Marriott International from $255.00 to $285.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Fourteen research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $272.75.

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.