Nicholas Hoffman & Company LLC. Sells 45 Shares of Marriott International, Inc. (NASDAQ:MAR)

Nicholas Hoffman & Company LLC. lowered its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 3.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,163 shares of the company’s stock after selling 45 shares during the period. Nicholas Hoffman & Company LLC.’s holdings in Marriott International were worth $324,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. PointState Capital LP purchased a new position in shares of Marriott International during the third quarter worth about $98,249,000. Canoe Financial LP purchased a new position in Marriott International in the 3rd quarter worth approximately $77,331,000. International Assets Investment Management LLC increased its holdings in shares of Marriott International by 15,148.3% in the 3rd quarter. International Assets Investment Management LLC now owns 302,527 shares of the company’s stock worth $75,208,000 after buying an additional 300,543 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of Marriott International by 341.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 381,226 shares of the company’s stock valued at $106,339,000 after buying an additional 294,898 shares in the last quarter. Finally, Mizuho Securities USA LLC grew its position in Marriott International by 629.7% in the third quarter. Mizuho Securities USA LLC now owns 134,973 shares of the company’s stock worth $33,554,000 after acquiring an additional 116,477 shares in the last quarter. Institutional investors own 70.70% of the company’s stock.

Marriott International Trading Down 1.6 %

Shares of MAR opened at $283.52 on Tuesday. Marriott International, Inc. has a 1-year low of $204.55 and a 1-year high of $307.52. The firm has a market capitalization of $78.79 billion, a price-to-earnings ratio of 29.66, a PEG ratio of 4.88 and a beta of 1.57. The firm’s 50-day moving average price is $284.12 and its 200-day moving average price is $262.98.

Marriott International (NASDAQ:MAR) last posted its earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.37 by $0.08. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. On average, research analysts forecast that Marriott International, Inc. will post 9.26 EPS for the current fiscal year.

Marriott International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, February 27th will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend is Thursday, February 27th. Marriott International’s dividend payout ratio is presently 26.36%.

Insider Buying and Selling

In other news, insider William P. Brown sold 1,707 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $284.30, for a total value of $485,300.10. Following the sale, the insider now directly owns 23,077 shares of the company’s stock, valued at $6,560,791.10. The trade was a 6.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 12.32% of the stock is owned by company insiders.

Analysts Set New Price Targets

MAR has been the subject of several research analyst reports. Argus lifted their price target on Marriott International from $300.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Macquarie restated a “neutral” rating and issued a $245.00 target price on shares of Marriott International in a research report on Tuesday, November 5th. Sanford C. Bernstein lifted their price target on shares of Marriott International from $262.00 to $290.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. The Goldman Sachs Group upped their price objective on shares of Marriott International from $280.00 to $314.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Finally, Barclays decreased their target price on shares of Marriott International from $287.00 to $283.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 12th. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $284.45.

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.