Cambridge Trust Co. Sells 84 Shares of Marriott International, Inc. (NASDAQ:MAR)

Cambridge Trust Co. trimmed its holdings in Marriott International, Inc. (NASDAQ:MAR) by 12.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 618 shares of the company’s stock after selling 84 shares during the period. Cambridge Trust Co.’s holdings in Marriott International were worth $139,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in MAR. OFI Invest Asset Management acquired a new position in shares of Marriott International in the 3rd quarter valued at approximately $25,000. Resurgent Financial Advisors LLC acquired a new position in Marriott International during the fourth quarter valued at approximately $25,000. ICA Group Wealth Management LLC bought a new stake in Marriott International during the fourth quarter worth $28,000. Coppell Advisory Solutions Corp. acquired a new stake in shares of Marriott International in the 4th quarter valued at $28,000. Finally, ORG Partners LLC increased its stake in shares of 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 during the last quarter. 70.70% of the stock is currently owned by institutional investors.

Marriott International Stock Performance

NASDAQ:MAR opened at $236.00 on Friday. Marriott International, Inc. has a 52 week low of $162.77 and a 52 week high of $260.57. The firm’s fifty day moving average is $248.31 and its 200-day moving average is $225.41. The firm has a market cap of $68.20 billion, a P/E ratio of 23.16, a P/E/G ratio of 1.72 and a beta of 1.62.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $3.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.12 by $1.45. The firm had revenue of $6.10 billion during the quarter, compared to the consensus estimate of $6.20 billion. Marriott International had a negative return on equity of 848.49% and a net margin of 13.00%. The business’s revenue was up 2.9% compared to the same quarter last year. During the same period last year, the business posted $1.96 EPS. As a group, sell-side analysts anticipate that Marriott International, Inc. will post 9.46 earnings per share for the current year.

Marriott International Dividend Announcement

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

Analysts Set New Price Targets

Several research firms recently weighed in on MAR. Mizuho initiated coverage on Marriott International in a research note on Tuesday, March 26th. They issued a “neutral” rating and a $263.00 price objective on the stock. Wells Fargo & Company raised their price target on shares of Marriott International from $234.00 to $250.00 and gave the company an “equal weight” rating in a research note on Monday, March 18th. UBS Group increased their price objective on shares of Marriott International from $210.00 to $259.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. Barclays boosted their target price on shares of Marriott International from $239.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Friday. Finally, Argus increased their price target on Marriott International from $270.00 to $280.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. Eleven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $236.88.

Insider Activity at Marriott International

In other news, insider Satyajit Anand sold 2,749 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $251.93, for a total transaction of $692,555.57. Following the transaction, the insider now owns 24,478 shares in the company, valued at $6,166,742.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Marriott International news, EVP Rena Hozore Reiss sold 3,563 shares of the firm’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 transaction, the executive vice president now directly owns 36,778 shares of the company’s stock, valued at $8,841,063.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Satyajit Anand sold 2,749 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $251.93, for a total transaction of $692,555.57. Following the sale, the insider now directly owns 24,478 shares of the company’s stock, valued at $6,166,742.54. The disclosure for this sale can be found here. Insiders have sold 125,003 shares of company stock worth $30,435,493 in the last quarter. Company 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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.