Perkins Coie Trust Co Sells 231 Shares of Marriott International, Inc. (NASDAQ:MAR)

Perkins Coie Trust Co lessened its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 2.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 8,959 shares of the company’s stock after selling 231 shares during the quarter. Perkins Coie Trust Co’s holdings in Marriott International were worth $2,499,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of MAR. Dimensional Fund Advisors LP raised its stake in shares of Marriott International by 5.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 679,757 shares of the company’s stock valued at $164,355,000 after buying an additional 33,149 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its position in Marriott International by 8.1% in the second quarter. Mercer Global Advisors Inc. ADV now owns 36,252 shares of the company’s stock worth $8,765,000 after purchasing an additional 2,711 shares in the last quarter. Blair William & Co. IL boosted its holdings in Marriott International by 30.2% during the second quarter. Blair William & Co. IL now owns 34,756 shares of the company’s stock valued at $8,403,000 after purchasing an additional 8,066 shares in the last quarter. MQS Management LLC bought a new stake in shares of Marriott International in the 2nd quarter valued at approximately $255,000. Finally, Intech Investment Management LLC raised its holdings in shares of Marriott International by 10.7% in the 2nd quarter. Intech Investment Management LLC now owns 7,980 shares of the company’s stock worth $1,929,000 after buying an additional 770 shares in the last quarter. 70.70% of the stock is currently owned by institutional investors.

Marriott International Stock Performance

Shares of MAR stock opened at $277.18 on Friday. The firm’s 50 day moving average price is $282.53 and its two-hundred day moving average price is $255.91. Marriott International, Inc. has a 52-week low of $204.55 and a 52-week high of $295.45. The stock has a market cap of $77.03 billion, a PE ratio of 28.99, a PEG ratio of 4.48 and a beta of 1.57.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.27 billion. During the same period last year, the firm earned $2.11 earnings per share. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, sell-side analysts predict that Marriott International, Inc. will post 9.25 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Thursday, November 21st were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date was Thursday, November 21st. Marriott International’s dividend payout ratio is currently 26.36%.

Insider Buying and Selling at Marriott International

In related news, EVP Benjamin T. Breland sold 500 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total transaction of $137,245.00. Following the sale, the executive vice president now 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Felitia Lee sold 916 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $276.48, for a total value of $253,255.68. Following the completion of the transaction, the chief accounting officer now directly owns 5,609 shares of the company’s stock, valued at approximately $1,550,776.32. The trade was a 14.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,815 shares of company stock valued at $3,919,739. Corporate insiders own 10.07% of the company’s stock.

Analyst Ratings Changes

MAR has been the topic of a number of analyst reports. Robert W. Baird upped their price target on Marriott International from $258.00 to $264.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Bank of America lifted their price target on shares of Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a report on Monday, October 21st. Jefferies Financial Group raised their price objective on shares of Marriott International from $251.00 to $295.00 and gave the stock a “hold” rating in a report on Thursday, January 2nd. TD Cowen reduced their target price on Marriott International from $295.00 to $283.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Finally, Macquarie reaffirmed a “neutral” rating and set a $245.00 price target on shares of Marriott International in a report on Tuesday, November 5th. Fourteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average 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.