Marriott International, Inc. (NASDAQ:MAR) Shares Bought by Cypress Wealth Services LLC

Cypress Wealth Services LLC raised its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 2.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 9,017 shares of the company’s stock after buying an additional 237 shares during the period. Cypress Wealth Services LLC’s holdings in Marriott International were worth $2,515,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in Marriott International by 5.1% in the second quarter. Dimensional Fund Advisors LP now owns 679,757 shares of the company’s stock valued at $164,355,000 after buying an additional 33,149 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in shares of Marriott International by 8.1% during the second quarter. Mercer Global Advisors Inc. ADV now owns 36,252 shares of the company’s stock valued at $8,765,000 after acquiring an additional 2,711 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its position in shares of Marriott International by 3.7% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 23,405 shares of the company’s stock valued at $5,165,000 after purchasing an additional 845 shares during the last quarter. Blair William & Co. IL boosted its stake in Marriott International by 30.2% in the 2nd 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 purchased a new stake in Marriott International during the 2nd quarter worth approximately $2,063,000. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Marriott International Stock Down 0.0 %

Shares of Marriott International stock opened at $276.00 on Friday. The firm has a market cap of $76.70 billion, a PE ratio of 28.87, a P/E/G ratio of 4.48 and a beta of 1.57. The business has a 50-day moving average price of $282.64 and a 200 day moving average price of $255.51. Marriott International, Inc. has a twelve month low of $204.55 and a twelve month high of $295.45.

Marriott International (NASDAQ:MAR) last announced its earnings results on Monday, November 4th. The company reported $2.26 earnings per share 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 business had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.27 billion. During the same period in the previous year, the company earned $2.11 earnings per share. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, sell-side analysts expect that Marriott International, Inc. will post 9.25 EPS for the current year.

Marriott International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st were paid a dividend of $0.63 per share. The ex-dividend date was Thursday, November 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.91%. Marriott International’s dividend payout ratio is currently 26.36%.

Insider Buying and Selling

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Bank of America lifted their price objective on shares of Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Robert W. Baird boosted their price target on Marriott International from $258.00 to $264.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Mizuho raised their price objective on Marriott International from $233.00 to $246.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. upped their target price on Marriott International from $251.00 to $269.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Finally, Macquarie reissued a “neutral” rating and set a $245.00 price target on shares of Marriott International in a research report on Tuesday, November 5th. Fourteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Marriott International presently has a consensus rating of “Hold” and an average price target of $272.15.

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.