RMR Wealth Builders Sells 54 Shares of Marriott International, Inc. (NASDAQ:MAR)

RMR Wealth Builders lessened its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 4.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,107 shares of the company’s stock after selling 54 shares during the quarter. RMR Wealth Builders’ holdings in Marriott International were worth $309,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MAR. PointState Capital LP bought a new stake in Marriott International during the 3rd quarter worth approximately $98,249,000. Canoe Financial LP purchased a new stake in shares of Marriott International during the 3rd quarter worth approximately $77,331,000. International Assets Investment Management LLC boosted its position in shares of Marriott International by 15,148.3% during the 3rd quarter. International Assets Investment Management LLC now owns 302,527 shares of the company’s stock valued at $75,208,000 after acquiring an additional 300,543 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Marriott International by 36,856.7% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 241,327 shares of the company’s stock valued at $58,346,000 after purchasing an additional 240,674 shares in the last quarter. Finally, AXA S.A. raised its stake in Marriott International by 133.4% during the second quarter. AXA S.A. now owns 221,045 shares of the company’s stock valued at $53,442,000 after purchasing an additional 126,323 shares in the last quarter. 70.70% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Marriott International news, EVP Benjamin T. Breland sold 500 shares of the business’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 sale, the executive vice president now owns 12,286 shares of the company’s stock, valued at approximately $3,372,384.14. The trade was a 3.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider William P. Brown sold 1,707 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $284.30, for a total transaction of $485,300.10. Following the completion of the transaction, the insider now directly owns 23,077 shares of the company’s stock, valued at approximately $6,560,791.10. This represents a 6.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,815 shares of company stock worth $3,919,739 in the last 90 days. 12.32% of the stock is owned by corporate insiders.

Marriott International Stock Performance

NASDAQ:MAR opened at $270.76 on Friday. The firm has a 50-day simple moving average of $281.99 and a 200-day simple moving average of $254.74. Marriott International, Inc. has a one year low of $204.55 and a one year high of $295.45. The firm has a market cap of $75.24 billion, a P/E ratio of 28.32, a P/E/G ratio of 5.47 and a beta of 1.57.

Marriott International (NASDAQ:MAR) last posted its earnings results on Monday, November 4th. The company reported $2.26 earnings per share for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). The company had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.27 billion. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.11 EPS. On average, research analysts predict that Marriott International, Inc. will post 9.26 EPS for the current fiscal year.

Marriott International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st were given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date was Thursday, November 21st. Marriott International’s payout ratio is currently 26.36%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on MAR. Wells Fargo & Company upped their target price on shares of Marriott International from $238.00 to $261.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group raised their price objective on Marriott International from $280.00 to $314.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Evercore ISI increased their price target on Marriott International from $245.00 to $270.00 and gave the company an “in-line” rating in a report on Monday, October 21st. Robert W. Baird lifted their price objective on shares of Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Finally, Stifel Nicolaus increased their target price on shares of Marriott International from $252.00 to $283.00 and gave the company a “hold” rating in a research note on Tuesday, November 26th. Fourteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Marriott International currently has an average rating of “Hold” and an average target price of $269.65.

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.