Stock Yards Bank & Trust Co. Sells 193 Shares of Marriott International, Inc. (NASDAQ:MAR)

Stock Yards Bank & Trust Co. lessened its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 8.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,970 shares of the company’s stock after selling 193 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Marriott International were worth $444,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Caprock Group LLC boosted its holdings in shares of Marriott International by 255.1% during the 4th quarter. Caprock Group LLC now owns 11,781 shares of the company’s stock valued at $2,657,000 after acquiring an additional 8,463 shares in the last quarter. Cerity Partners LLC increased its stake in shares of Marriott International by 86.8% in the fourth quarter. Cerity Partners LLC now owns 44,957 shares of the company’s stock valued at $10,138,000 after buying an additional 20,890 shares during the period. Impax Asset Management Group plc grew its holdings in Marriott International by 88.4% during the 4th quarter. Impax Asset Management Group plc now owns 10,426 shares of the company’s stock worth $2,351,000 after acquiring an additional 4,892 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Marriott International by 1,487.6% during the fourth quarter. International Assets Investment Management LLC now owns 345,246 shares of the company’s stock worth $77,856,000 after purchasing an additional 323,500 shares during the period. Finally, Vontobel Holding Ltd. increased its stake in shares of Marriott International by 14.7% in the fourth quarter. Vontobel Holding Ltd. now owns 79,403 shares of the company’s stock valued at $17,906,000 after buying an additional 10,197 shares during the period. 70.70% of the stock is owned by institutional investors and hedge funds.

Marriott International Trading Up 1.0 %

Shares of MAR opened at $239.69 on Wednesday. The company has a market cap of $69.26 billion, a price-to-earnings ratio of 23.52, a P/E/G ratio of 1.73 and a beta of 1.62. Marriott International, Inc. has a 12 month low of $162.77 and a 12 month high of $260.57. The business’s fifty day simple moving average is $248.18 and its two-hundred day simple moving average is $226.48.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $3.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.12 by $1.45. Marriott International had a negative return on equity of 848.49% and a net margin of 13.00%. The firm had revenue of $6.10 billion for the quarter, compared to analysts’ expectations of $6.20 billion. During the same period in the previous year, the firm earned $1.96 EPS. The business’s quarterly revenue was up 2.9% on a year-over-year basis. As a group, research analysts forecast that Marriott International, Inc. will post 9.46 EPS for the current year.

Marriott International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, February 22nd were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend was Wednesday, February 21st. Marriott International’s dividend payout ratio (DPR) is presently 20.41%.

Insiders Place Their Bets

In other news, insider Deborah Marriott Harrison sold 37,300 shares of Marriott International stock in a transaction on Friday, February 16th. The stock was sold at an average price of $241.46, for a total transaction of $9,006,458.00. Following the transaction, the insider now owns 9,100 shares in the company, valued at approximately $2,197,286. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, insider Deborah Marriott Harrison sold 37,300 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $241.46, for a total value of $9,006,458.00. Following the sale, the insider now directly owns 9,100 shares of the company’s stock, valued at approximately $2,197,286. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Eric Hippeau sold 2,600 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $237.40, for a total transaction of $617,240.00. Following the completion of the sale, the director now owns 1,472 shares of the company’s stock, valued at approximately $349,452.80. The disclosure for this sale can be found here. Insiders have sold 125,003 shares of company stock worth $30,435,493 in the last ninety days. 10.07% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Barclays boosted their target price on shares of Marriott International from $239.00 to $240.00 and gave the company an “equal weight” rating in a report on Friday, April 19th. BMO Capital Markets upped their price objective on shares of Marriott International from $230.00 to $235.00 and gave the company a “market perform” rating in a report on Wednesday, February 14th. Mizuho reduced their price target on shares of Marriott International from $263.00 to $260.00 and set a “neutral” rating for the company in a research report on Tuesday. UBS Group upped their target price on shares of Marriott International from $210.00 to $259.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Finally, Jefferies Financial Group raised their target price on Marriott International from $205.00 to $227.00 and gave the company a “hold” rating in a report on Tuesday, January 2nd. Eleven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $236.69.

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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.