Jamison Private Wealth Management Inc. Buys 1,865 Shares of Marriott International, Inc. (NASDAQ:MAR)

Jamison Private Wealth Management Inc. lifted its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 33.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 7,477 shares of the company’s stock after buying an additional 1,865 shares during the period. Jamison Private Wealth Management Inc.’s holdings in Marriott International were worth $2,086,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sound Income Strategies LLC grew its stake in shares of Marriott International by 494.4% during the fourth quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock worth $30,000 after buying an additional 89 shares during the last quarter. Silvant Capital Management LLC bought a new position in Marriott International in the third quarter valued at about $31,000. Darwin Wealth Management LLC bought a new stake in shares of Marriott International during the third quarter worth about $33,000. ORG Partners LLC raised its holdings in Marriott International by 158.5% in the 4th quarter. ORG Partners LLC now owns 137 shares of the company’s stock valued at $38,000 after buying an additional 84 shares during the last quarter. Finally, Kathleen S. Wright Associates Inc. bought a new stake in Marriott International during the 3rd quarter worth approximately $40,000. Institutional investors own 70.70% of the company’s stock.

Marriott International Stock Performance

Shares of NASDAQ MAR opened at $284.11 on Friday. The stock has a market cap of $78.95 billion, a price-to-earnings ratio of 29.72, a PEG ratio of 4.64 and a beta of 1.57. Marriott International, Inc. has a fifty-two week low of $204.55 and a fifty-two week high of $295.45. The firm’s 50-day simple moving average is $282.24 and its 200 day simple moving average is $257.32.

Marriott International (NASDAQ:MAR) last announced its earnings results on Monday, November 4th. The company reported $2.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.31 by ($0.05). The company had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.27 billion. Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.11 EPS. On average, sell-side analysts predict that Marriott International, Inc. will post 9.25 EPS for the current year.

Marriott International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Thursday, November 21st were issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 0.89%. The ex-dividend date was Thursday, November 21st. Marriott International’s dividend payout ratio (DPR) is presently 26.36%.

Analysts Set New Price Targets

MAR has been the topic of a number of recent research reports. Mizuho lifted their price target on shares of Marriott International from $233.00 to $246.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Argus increased their price target on Marriott International from $300.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. 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 report on Friday, December 13th. Bank of America boosted their price target on shares of Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Finally, Sanford C. Bernstein increased their price objective on shares of Marriott International from $262.00 to $290.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Fourteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $272.15.

Insider Buying and Selling at Marriott International

In other Marriott International news, EVP Benjamin T. Breland sold 500 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total value of $137,245.00. Following the sale, the executive vice president now directly owns 12,286 shares in the company, valued at $3,372,384.14. The trade was a 3.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Anthony Capuano sold 8,332 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $284.49, for a total value of $2,370,370.68. Following the transaction, the chief executive officer now owns 108,361 shares of the company’s stock, valued at $30,827,620.89. The trade was a 7.14 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,815 shares of company stock worth $3,919,739. Insiders own 12.32% of the company’s stock.

Marriott International 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.