Chevy Chase Trust Holdings LLC Sells 2,695 Shares of Marriott International, Inc. (NASDAQ:MAR)

Chevy Chase Trust Holdings LLC cut its stake in Marriott International, Inc. (NASDAQ:MAR) by 2.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 130,535 shares of the company’s stock after selling 2,695 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Marriott International were worth $36,411,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sound Income Strategies LLC grew its position in Marriott International by 494.4% in the fourth quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock worth $30,000 after acquiring an additional 89 shares in the last quarter. Wingate Wealth Advisors Inc. purchased a new stake in Marriott International during the fourth quarter valued at about $33,000. Silvant Capital Management LLC purchased a new stake in Marriott International during the third quarter valued at about $31,000. Darwin Wealth Management LLC purchased a new stake in Marriott International during the third quarter valued at about $33,000. Finally, Heck Capital Advisors LLC purchased a new stake in Marriott International during the fourth quarter valued at about $38,000. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Marriott International Trading Down 1.6 %

Shares of MAR stock opened at $283.52 on Friday. Marriott International, Inc. has a 12-month low of $204.55 and a 12-month high of $307.52. The firm’s 50 day moving average is $284.30 and its 200 day moving average is $262.26. The stock has a market capitalization of $78.79 billion, a P/E ratio of 29.66, a P/E/G ratio of 4.88 and a beta of 1.57.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.08. Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. As a group, equities analysts predict that Marriott International, Inc. will post 9.26 earnings per share for the current year.

Marriott International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, February 27th will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend is Thursday, February 27th. Marriott International’s dividend payout ratio (DPR) is 26.36%.

Insider Activity at Marriott International

In related news, insider William P. Brown sold 1,707 shares of Marriott International stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $284.30, for a total transaction of $485,300.10. Following the transaction, the insider now owns 23,077 shares in the company, valued at approximately $6,560,791.10. The trade was a 6.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 12.32% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on MAR shares. Barclays dropped their target price on shares of Marriott International from $287.00 to $283.00 and set an “equal weight” rating for the company in a report on Wednesday. JPMorgan Chase & Co. increased their price target on shares of Marriott International from $251.00 to $269.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Robert W. Baird increased their price target on shares of Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Bank of America increased their price target 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. Finally, BMO Capital Markets increased their price target on shares of Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 5th. Thirteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $284.45.

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.