Chapman Investment Management LLC Trims Holdings in Marriott International, Inc. (NASDAQ:MAR)

Chapman Investment Management LLC lessened its position in Marriott International, Inc. (NASDAQ:MAR) by 3.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,381 shares of the company’s stock after selling 512 shares during the period. Marriott International comprises 2.8% of Chapman Investment Management LLC’s portfolio, making the stock its 14th largest holding. Chapman Investment Management LLC’s holdings in Marriott International were worth $3,733,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Stratos Wealth Advisors LLC boosted its position in shares of Marriott International by 22.4% in the third quarter. Stratos Wealth Advisors LLC now owns 2,446 shares of the company’s stock worth $608,000 after acquiring an additional 448 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in Marriott International by 1.3% during the third quarter. Commonwealth Equity Services LLC now owns 120,659 shares of the company’s stock worth $29,996,000 after purchasing an additional 1,577 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of Marriott International by 1.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 14,843 shares of the company’s stock valued at $3,690,000 after buying an additional 274 shares during the period. Trilogy Capital Inc. raised its position in shares of Marriott International by 4.5% in the 3rd quarter. Trilogy Capital Inc. now owns 1,426 shares of the company’s stock worth $354,000 after buying an additional 62 shares during the period. Finally, Whittier Trust Co. boosted its holdings in Marriott International by 4.8% in the third quarter. Whittier Trust Co. now owns 6,854 shares of the company’s stock valued at $1,704,000 after acquiring an additional 314 shares during the last quarter. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Insider Activity at Marriott International

In other news, insider William P. Brown sold 1,707 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $284.30, for a total value of $485,300.10. Following the completion of the transaction, the insider now directly owns 23,077 shares in the company, valued at $6,560,791.10. This trade represents a 6.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 10.07% of the company’s stock.

Analyst Ratings Changes

MAR has been the topic of a number of research reports. TD Cowen cut their price objective on Marriott International from $295.00 to $283.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Macquarie restated a “neutral” rating and issued a $245.00 price target on shares of Marriott International in a report on Tuesday, November 5th. Evercore ISI upgraded shares of Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 price objective for the company in a research note on Tuesday, February 4th. BMO Capital Markets raised their target price on shares of Marriott International from $255.00 to $265.00 and gave the company a “market perform” rating in a research note on Tuesday, November 5th. Finally, Stifel Nicolaus upped their price target on shares of Marriott International from $252.00 to $283.00 and gave the stock a “hold” rating in a research report on Tuesday, November 26th. Thirteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Marriott International presently has a consensus rating of “Hold” and an average price target of $284.05.

Marriott International Price Performance

Shares of MAR opened at $288.42 on Wednesday. The company has a market cap of $79.52 billion, a P/E ratio of 34.67, a PEG ratio of 3.38 and a beta of 1.57. Marriott International, Inc. has a 12 month low of $204.55 and a 12 month high of $307.52. The stock has a fifty day moving average price of $284.06 and a 200 day moving average price of $263.97.

Marriott International (NASDAQ:MAR) last posted its earnings results on Tuesday, February 11th. The company reported $2.45 EPS for the quarter, topping the consensus estimate of $2.37 by $0.08. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. As a group, research analysts anticipate that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, February 27th will be paid a $0.63 dividend. The ex-dividend date is Thursday, February 27th. This represents a $2.52 annualized dividend and a dividend yield of 0.87%. Marriott International’s payout ratio is 30.29%.

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, City Express by Marriott, and St.