Pegasus Asset Management Inc. Sells 267 Shares of Marriott International, Inc. (NASDAQ:MAR)

Pegasus Asset Management Inc. lessened its holdings in Marriott International, Inc. (NASDAQ:MAR) by 3.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,667 shares of the company’s stock after selling 267 shares during the period. Pegasus Asset Management Inc.’s holdings in Marriott International were worth $2,418,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Sound Income Strategies LLC boosted its holdings in shares of Marriott International by 494.4% during the 4th 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 period. Silvant Capital Management LLC bought a new stake in Marriott International during the third quarter valued at about $31,000. Darwin Wealth Management LLC bought a new position in shares of Marriott International in the third quarter worth about $33,000. Wingate Wealth Advisors Inc. bought a new stake in Marriott International during the 4th quarter valued at approximately $33,000. Finally, ORG Partners LLC grew 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. 70.70% of the stock is owned by institutional investors and hedge funds.

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 shares were sold at an average price of $284.30, for a total transaction of $485,300.10. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 10.07% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on MAR shares. Barclays lowered their price objective on shares of Marriott International from $287.00 to $283.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 12th. Macquarie reiterated a “neutral” rating and issued a $245.00 target price on shares of Marriott International in a research note on Tuesday, November 5th. Wells Fargo & Company cut their price target on Marriott International from $285.00 to $277.00 and set an “equal weight” rating for the company in a report on Tuesday. Mizuho boosted their price objective on Marriott International from $246.00 to $293.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Finally, Stifel Nicolaus raised their target price on Marriott International from $252.00 to $283.00 and gave the stock a “hold” rating in a research report on Tuesday, November 26th. Thirteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $284.05.

Marriott International Stock Performance

Shares of MAR opened at $288.42 on Wednesday. The firm has a market capitalization of $79.52 billion, a price-to-earnings ratio of 34.67, a PEG ratio of 3.38 and a beta of 1.57. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $307.52. The business’s fifty day moving average price is $284.06 and its two-hundred day moving average price is $263.97.

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

Marriott International Dividend Announcement

The business 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. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend is Thursday, February 27th. Marriott International’s dividend payout ratio (DPR) is currently 30.29%.

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.