Marriott International, Inc. (NASDAQ:MAR) Stock Holdings Reduced by Heritage Investors Management Corp

Heritage Investors Management Corp trimmed its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 1.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 233,119 shares of the company’s stock after selling 2,466 shares during the quarter. Marriott International makes up about 2.1% of Heritage Investors Management Corp’s investment portfolio, making the stock its 10th largest holding. Heritage Investors Management Corp owned approximately 0.08% of Marriott International worth $65,026,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in MAR. Larson Financial Group LLC raised its holdings in Marriott International by 10.8% during the third quarter. Larson Financial Group LLC now owns 379 shares of the company’s stock valued at $94,000 after buying an additional 37 shares in the last quarter. TFG Advisers LLC raised its stake in shares of Marriott International by 0.8% in the 4th quarter. TFG Advisers LLC now owns 4,426 shares of the company’s stock valued at $1,235,000 after acquiring an additional 37 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in Marriott International by 0.4% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,698 shares of the company’s stock worth $2,162,000 after purchasing an additional 38 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in Marriott International by 1.2% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,290 shares of the company’s stock worth $918,000 after purchasing an additional 38 shares during the period. Finally, Evermay Wealth Management LLC grew its holdings in Marriott International by 1.1% during the fourth quarter. Evermay Wealth Management LLC now owns 3,415 shares of the company’s stock valued at $953,000 after purchasing an additional 38 shares during the last quarter. Institutional investors own 70.70% of the company’s stock.

Marriott International Stock Up 1.7 %

Shares of MAR opened at $282.16 on Thursday. Marriott International, Inc. has a 12 month low of $204.55 and a 12 month high of $307.52. The stock has a market cap of $77.79 billion, a price-to-earnings ratio of 33.91, a P/E/G ratio of 3.42 and a beta of 1.57. The company has a 50-day moving average price of $283.31 and a two-hundred day moving average price of $266.41.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $2.45 EPS for the quarter, beating 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%. Equities research analysts expect that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, February 27th will be 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 of this dividend is Thursday, February 27th. Marriott International’s dividend payout ratio is currently 30.29%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on MAR shares. Argus upped their price objective on shares of Marriott International from $300.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Stifel Nicolaus raised their price target on Marriott International from $252.00 to $283.00 and gave the company a “hold” rating in a research report on Tuesday, November 26th. Jefferies Financial Group boosted their price objective on Marriott International from $251.00 to $295.00 and gave the stock a “hold” rating in a research report on Thursday, January 2nd. Robert W. Baird raised their target price on Marriott International from $258.00 to $264.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Finally, 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, February 18th. Thirteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $284.05.

Insider Buying and Selling at Marriott International

In other Marriott International news, EVP Rena Hozore Reiss sold 3,500 shares of the business’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $286.65, for a total value of $1,003,275.00. Following the transaction, the executive vice president now owns 24,733 shares of the company’s stock, valued at approximately $7,089,714.45. The trade was a 12.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Susan C. Schwab sold 1,054 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $277.48, for a total value of $292,463.92. Following the completion of the sale, the director now owns 4,551 shares of the company’s stock, valued at approximately $1,262,811.48. This trade represents a 18.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 31,694 shares of company stock worth $8,938,132 over the last ninety days. Corporate insiders own 10.07% 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.