Parkside Financial Bank & Trust Buys 73 Shares of Marriott International, Inc. (NASDAQ:MAR)

Parkside Financial Bank & Trust grew its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 4.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,563 shares of the company’s stock after acquiring an additional 73 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Marriott International were worth $352,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of MAR. Grove Bank & Trust boosted its position in Marriott International by 3.4% in the fourth quarter. Grove Bank & Trust now owns 1,307 shares of the company’s stock worth $295,000 after purchasing an additional 43 shares during the last quarter. Argus Investors Counsel Inc. lifted its position in shares of Marriott International by 0.6% during the 4th quarter. Argus Investors Counsel Inc. now owns 7,731 shares of the company’s stock valued at $1,743,000 after buying an additional 45 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in shares of Marriott International by 2.8% during the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,673 shares of the company’s stock valued at $377,000 after buying an additional 45 shares in the last quarter. Capital Investment Advisors LLC lifted its position in shares of Marriott International by 0.9% during the 3rd quarter. Capital Investment Advisors LLC now owns 5,989 shares of the company’s stock valued at $1,177,000 after buying an additional 52 shares in the last quarter. Finally, ORG Partners LLC lifted its position in shares of Marriott International by 72.6% during the 4th quarter. ORG Partners LLC now owns 126 shares of the company’s stock valued at $29,000 after buying an additional 53 shares in the last quarter. 70.70% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MAR. Robert W. Baird decreased their target price on Marriott International from $250.00 to $248.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 14th. Argus lifted their price objective on Marriott International from $270.00 to $280.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Mizuho reduced their price objective on Marriott International from $263.00 to $260.00 and set a “neutral” rating on the stock in a research note on Tuesday. Jefferies Financial Group lifted their price objective on Marriott International from $205.00 to $227.00 and gave the stock a “hold” rating in a research note on Tuesday, January 2nd. Finally, Barclays lifted their price objective on Marriott International from $239.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Friday, April 19th. Eleven investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $236.69.

Marriott International Price Performance

Shares of MAR stock traded up $4.63 during trading hours on Wednesday, reaching $244.32. 836,623 shares of the company’s stock were exchanged, compared to its average volume of 1,433,962. Marriott International, Inc. has a 1 year low of $162.77 and a 1 year high of $260.57. The company has a market cap of $70.60 billion, a P/E ratio of 23.52, a price-to-earnings-growth ratio of 1.73 and a beta of 1.62. The company’s 50 day moving average is $248.18 and its two-hundred day moving average is $226.48.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Tuesday, February 13th. The company reported $3.57 EPS for the quarter, beating the consensus estimate 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 company had revenue of $6.10 billion for the quarter, compared to analyst estimates of $6.20 billion. During the same period last year, the company posted $1.96 earnings per share. The firm’s revenue was up 2.9% compared to the same quarter last year. As a group, analysts predict that Marriott International, Inc. will post 9.46 EPS for the current fiscal year.

Marriott International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, February 22nd were paid a $0.52 dividend. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $2.08 dividend on an annualized basis and a yield of 0.85%. Marriott International’s payout ratio is currently 20.41%.

Insider Transactions at Marriott International

In other Marriott International news, CEO Anthony Capuano sold 20,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $248.48, for a total value of $4,969,600.00. Following the transaction, the chief executive officer now owns 93,323 shares of the company’s stock, valued at $23,188,899.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Marriott International news, CEO Anthony Capuano sold 20,000 shares of Marriott International stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $248.48, for a total transaction of $4,969,600.00. Following the transaction, the chief executive officer now directly owns 93,323 shares in the company, valued at approximately $23,188,899.04. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider David S. Marriott sold 2,878 shares of Marriott International stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $248.94, for a total transaction of $716,449.32. Following the transaction, the insider now owns 596,042 shares in the company, valued at $148,378,695.48. The disclosure for this sale can be found here. Over the last three months, insiders sold 125,003 shares of company stock worth $30,435,493. Company insiders own 10.07% of the company’s stock.

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