Shelton Capital Management Reduces Stock Position in Marriott International, Inc. (NASDAQ:MAR)

Shelton Capital Management decreased its holdings in Marriott International, Inc. (NASDAQ:MAR) by 10.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,277 shares of the company’s stock after selling 5,027 shares during the period. Shelton Capital Management’s holdings in Marriott International were worth $12,630,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in MAR. Twin Capital Management Inc. boosted its holdings in shares of Marriott International by 2.2% in the fourth quarter. Twin Capital Management Inc. now owns 12,435 shares of the company’s stock valued at $3,469,000 after purchasing an additional 266 shares during the period. Invesco Ltd. grew its position in shares of Marriott International by 17.4% during the 4th quarter. Invesco Ltd. now owns 3,469,070 shares of the company’s stock worth $967,662,000 after buying an additional 512,963 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Marriott International by 4.7% during the fourth quarter. Bank of Montreal Can now owns 583,838 shares of the company’s stock valued at $162,856,000 after buying an additional 26,214 shares during the period. FMR LLC lifted its stake in Marriott International by 0.8% in the fourth quarter. FMR LLC now owns 6,973,897 shares of the company’s stock worth $1,945,299,000 after acquiring an additional 56,978 shares during the period. Finally, Russell Investments Group Ltd. increased its position in Marriott International by 3.3% during the 4th quarter. Russell Investments Group Ltd. now owns 201,211 shares of the company’s stock valued at $56,129,000 after purchasing an additional 6,409 shares during the period. 70.70% of the stock is owned by hedge funds and other institutional investors.

Marriott International Stock Down 0.6 %

Marriott International stock opened at $213.36 on Tuesday. The business’s 50-day moving average price is $265.90 and its 200 day moving average price is $270.63. The firm has a market cap of $58.88 billion, a price-to-earnings ratio of 25.64, a price-to-earnings-growth ratio of 3.42 and a beta of 1.42. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $307.52.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.37 by $0.08. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. Equities analysts expect that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, February 27th were issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.18%. The ex-dividend date was Thursday, February 27th. Marriott International’s payout ratio is 30.29%.

Analyst Ratings Changes

Several research analysts have recently commented on MAR shares. Jefferies Financial Group boosted their price target on Marriott International from $251.00 to $295.00 and gave the stock a “hold” rating in a research report on Thursday, January 2nd. JPMorgan Chase & Co. increased their price target on shares of Marriott International from $251.00 to $269.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Susquehanna lifted their price objective on shares of Marriott International from $255.00 to $285.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Evercore ISI raised shares of Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 target price for the company in a research report on Tuesday, February 4th. Finally, The Goldman Sachs Group boosted their target price on Marriott International from $280.00 to $314.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Thirteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Marriott International presently has an average rating of “Hold” and a consensus target price of $286.05.

Insider Transactions at Marriott International

In other Marriott International news, Director Susan C. Schwab sold 1,054 shares of Marriott International stock in a transaction on Monday, February 24th. The shares were sold at an average price of $277.48, for a total transaction of $292,463.92. Following the sale, the director now owns 4,551 shares of the company’s stock, valued at $1,262,811.48. The trade was a 18.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider William P. Brown sold 12,642 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $285.63, for a total transaction of $3,610,934.46. Following the completion of the sale, the insider now owns 30,919 shares of the company’s stock, valued at $8,831,393.97. This trade represents a 29.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 31,694 shares of company stock valued at $8,938,132 over the last 90 days. Corporate insiders own 12.32% of the company’s stock.

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.