Marriott International, Inc. (NASDAQ:MAR) Shares Sold by Gilman Hill Asset Management LLC

Gilman Hill Asset Management LLC reduced its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 1.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 17,513 shares of the company’s stock after selling 195 shares during the period. Gilman Hill Asset Management LLC’s holdings in Marriott International were worth $4,885,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Jensen Investment Management Inc. acquired a new stake in shares of Marriott International in the third quarter valued at approximately $793,000. BayBridge Capital Group LLC acquired a new position in Marriott International in the third quarter valued at $1,254,000. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Marriott International by 0.5% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 566,548 shares of the company’s stock valued at $140,844,000 after acquiring an additional 2,723 shares during the period. Oddo BHF Asset Management Sas purchased a new position in Marriott International in the 3rd quarter worth approximately $2,721,000. Finally, Kinsale Capital Group Inc. bought a new stake in shares of Marriott International in the third quarter worth $3,769,000. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Marriott International Stock Up 0.4 %

NASDAQ:MAR opened at $277.18 on Monday. Marriott International, Inc. has a twelve month low of $204.55 and a twelve month high of $295.45. The stock has a market cap of $77.03 billion, a P/E ratio of 28.99, a price-to-earnings-growth ratio of 4.48 and a beta of 1.57. The firm’s fifty day simple moving average is $282.53 and its 200 day simple moving average is $256.02.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing the consensus estimate of $2.31 by ($0.05). Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The business had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.27 billion. During the same quarter in the previous year, the business posted $2.11 earnings per share. Marriott International’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, analysts expect that Marriott International, Inc. will post 9.25 EPS for the current fiscal year.

Marriott International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Thursday, November 21st were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend was Thursday, November 21st. Marriott International’s payout ratio is currently 26.36%.

Insider Activity at Marriott International

In other news, EVP Benjamin T. Breland sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $274.49, for a total transaction of $137,245.00. Following the transaction, the executive vice president now directly owns 12,286 shares of the company’s stock, valued at approximately $3,372,384.14. This trade represents a 3.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Kathleen K. Oberg sold 2,360 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $285.41, for a total value of $673,567.60. Following the sale, the chief financial officer now directly owns 39,726 shares in the company, valued at $11,338,197.66. This trade represents a 5.61 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,815 shares of company stock valued at $3,919,739. Insiders own 10.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Jefferies Financial Group lifted their price target on shares of Marriott International from $251.00 to $295.00 and gave the company a “hold” rating in a report on Thursday, January 2nd. JPMorgan Chase & Co. raised their price objective 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. BMO Capital Markets lifted their price target on Marriott International from $255.00 to $265.00 and gave the company a “market perform” rating in a report on Tuesday, November 5th. Truist Financial boosted their price objective on Marriott International from $254.00 to $277.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Finally, Robert W. Baird boosted their price objective on shares of Marriott International from $258.00 to $264.00 and gave the company a “neutral” rating in a 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 MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $272.15.

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.