American Economic Planning Group Inc. ADV bought a new stake in shares of Marriott International Inc (NASDAQ:MAR) during the first quarter, Holdings Channel reports. The firm bought 2,170 shares of the company’s stock, valued at approximately $204,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Israel Discount Bank of New York GFN acquired a new position in Marriott International during the fourth quarter valued at approximately $116,000. Quadrant Capital Group LLC raised its position in Marriott International by 84.4% in the third quarter. Quadrant Capital Group LLC now owns 1,835 shares of the company’s stock valued at $118,000 after buying an additional 840 shares in the last quarter. High Point Bank & Trust Co. raised its position in Marriott International by 11.5% in the fourth quarter. High Point Bank & Trust Co. now owns 1,450 shares of the company’s stock valued at $120,000 after buying an additional 149 shares in the last quarter. Synovus Financial Corp raised its position in Marriott International by 11.9% in the third quarter. Synovus Financial Corp now owns 1,880 shares of the company’s stock valued at $126,000 after buying an additional 200 shares in the last quarter. Finally, Glassman Wealth Services raised its position in Marriott International by 0.3% in the fourth quarter. Glassman Wealth Services now owns 1,570 shares of the company’s stock valued at $130,000 after buying an additional 5 shares in the last quarter. 64.62% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Marriott International (NASDAQ:MAR)

Shares of Marriott International Inc (NASDAQ:MAR) traded down 0.31% during midday trading on Friday, hitting $92.48. 1,410,929 shares of the stock were exchanged. Marriott International Inc has a 12 month low of $60.87 and a 12 month high of $95.42. The firm has a 50 day moving average of $90.45 and a 200-day moving average of $82.03. The stock has a market cap of $35.47 billion, a P/E ratio of 35.03 and a beta of 1.22.

Marriott International (NASDAQ:MAR) last released its earnings results on Wednesday, February 15th. The company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.02. The company earned $5.46 billion during the quarter, compared to the consensus estimate of $4.67 billion. Marriott International had a negative return on equity of 76.10% and a net margin of 4.82%. Equities research analysts anticipate that Marriott International Inc will post $3.94 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 31st. Shareholders of record on Friday, February 24th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend was Wednesday, February 22nd. Marriott International’s dividend payout ratio is currently 42.25%.

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MAR has been the topic of several recent research reports. Canaccord Genuity reaffirmed a “buy” rating and set a $94.00 target price on shares of Marriott International in a report on Wednesday, January 4th. Vetr raised shares of Marriott International from a “hold” rating to a “buy” rating and set a $87.41 target price on the stock in a report on Tuesday, January 3rd. Royal Bank of Canada reaffirmed a “buy” rating and set a $90.00 target price on shares of Marriott International in a report on Tuesday, January 3rd. Instinet increased their target price on shares of Marriott International from $98.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, February 21st. Finally, Goldman Sachs Group Inc lowered shares of Marriott International from a “conviction-buy” rating to a “buy” rating and set a $105.00 target price on the stock. in a report on Tuesday, April 11th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $89.91.

In other Marriott International news, Director Debra L. Lee sold 2,020 shares of Marriott International stock in a transaction dated Tuesday, February 28th. The stock was sold at an average price of $87.37, for a total value of $176,487.40. Following the completion of the transaction, the director now directly owns 640 shares of the company’s stock, valued at approximately $55,916.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Edward A. Ryan sold 7,378 shares of Marriott International stock in a transaction dated Tuesday, March 28th. The shares were sold at an average price of $93.44, for a total value of $689,400.32. Following the completion of the transaction, the executive vice president now directly owns 92,155 shares of the company’s stock, valued at $8,610,963.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 155,128 shares of company stock valued at $13,875,938. 17.07% of the stock is currently owned by corporate insiders.

Marriott International Company Profile

Marriott International, Inc (Marriott International) is a lodging company. Marriott International operates in three business segments: North American Full-Service, North American Limited-Service and International. Its North American Full-Service segment includes its Luxury and Premium brands (JW Marriott, Marriott Hotels, Sheraton, Westin, Renaissance Hotels, Le Meridien, Autograph Collection Hotels, Delta Hotels, Gaylord Hotels, and Tribute Portfolio) located in the United States and Canada.

5 Day Chart for NASDAQ:MAR

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