Renaissance Group LLC Has $36.68 Million Holdings in Marriott International, Inc. (NASDAQ:MAR)

Renaissance Group LLC trimmed its stake in Marriott International, Inc. (NASDAQ:MAR) by 3.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 131,479 shares of the company’s stock after selling 4,606 shares during the period. Marriott International comprises approximately 1.5% of Renaissance Group LLC’s investment portfolio, making the stock its 18th biggest position. Renaissance Group LLC’s holdings in Marriott International were worth $36,675,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Wescott Financial Advisory Group LLC boosted its stake in shares of Marriott International by 0.6% in the 4th quarter. Wescott Financial Advisory Group LLC now owns 5,554 shares of the company’s stock valued at $1,549,000 after purchasing an additional 35 shares during the last quarter. TFG Advisers LLC boosted its position in Marriott International by 0.8% during the fourth 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 during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in shares of Marriott International by 1.2% in the 4th 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 acquiring an additional 38 shares in the last quarter. Evermay Wealth Management LLC lifted its stake in shares of Marriott International by 1.1% in the 4th 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 period. Finally, Essex Financial Services Inc. boosted its position in shares of Marriott International by 1.3% during the 4th quarter. Essex Financial Services Inc. now owns 3,004 shares of the company’s stock valued at $838,000 after purchasing an additional 39 shares in the last quarter. 70.70% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Susan C. Schwab sold 1,054 shares of the business’s stock in a transaction that occurred 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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider William P. Brown sold 12,642 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $285.63, for a total transaction of $3,610,934.46. Following the completion of the transaction, the insider now directly owns 30,919 shares of the company’s stock, valued at approximately $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. In the last quarter, insiders have sold 31,694 shares of company stock valued at $8,938,132. 12.32% of the stock is owned by company insiders.

Marriott International Stock Down 0.6 %

Shares of NASDAQ MAR opened at $213.36 on Tuesday. The company has a market capitalization of $58.88 billion, a PE ratio of 25.64, a PEG ratio of 3.42 and a beta of 1.42. The stock’s 50 day moving average price is $265.90 and its 200-day moving average price is $270.63. Marriott International, Inc. has a twelve month low of $204.55 and a twelve month high of $307.52.

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

Marriott International Announces Dividend

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

Analyst Ratings Changes

Several equities analysts have issued reports on MAR shares. Evercore ISI raised Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 price target on the stock in a research note on Tuesday, February 4th. Susquehanna boosted their target price on shares of Marriott International from $255.00 to $285.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Wells Fargo & Company reduced their price target on shares of Marriott International from $285.00 to $277.00 and set an “equal weight” rating for the company in a report on Tuesday, February 18th. Barclays dropped 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 report on Wednesday, February 12th. Finally, Argus boosted their target price on Marriott International from $300.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Thirteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $286.05.

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.