Penobscot Investment Management Company Inc. Has $1.10 Million Position in Marriott International, Inc. (NASDAQ:MAR)

Penobscot Investment Management Company Inc. raised its position in Marriott International, Inc. (NASDAQ:MAR) by 11.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 4,880 shares of the company’s stock after purchasing an additional 485 shares during the quarter. Penobscot Investment Management Company Inc.’s holdings in Marriott International were worth $1,100,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in MAR. Kestra Private Wealth Services LLC lifted its stake in shares of Marriott International by 2.0% during the 4th quarter. Kestra Private Wealth Services LLC now owns 7,491 shares of the company’s stock worth $1,689,000 after buying an additional 146 shares during the last quarter. Choreo LLC lifted its stake in shares of Marriott International by 19.6% during the 4th quarter. Choreo LLC now owns 16,954 shares of the company’s stock worth $3,823,000 after buying an additional 2,781 shares during the last quarter. Marco Investment Management LLC acquired a new stake in shares of Marriott International during the 4th quarter worth about $225,000. Gitterman Wealth Management LLC acquired a new stake in shares of Marriott International during the 4th quarter worth about $353,000. Finally, Little House Capital LLC lifted its stake in shares of Marriott International by 52.9% during the 4th quarter. Little House Capital LLC now owns 6,530 shares of the company’s stock worth $1,473,000 after buying an additional 2,259 shares during the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Stock Down 1.8 %

MAR stock opened at $236.13 on Wednesday. Marriott International, Inc. has a 12 month low of $165.13 and a 12 month high of $260.57. The firm has a market cap of $68.23 billion, a P/E ratio of 23.17, a P/E/G ratio of 5.36 and a beta of 1.62. The company’s 50-day moving average price is $248.20 and its two-hundred day moving average price is $228.04.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Tuesday, February 13th. The company reported $3.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $1.45. The company had revenue of $6.10 billion for the quarter, compared to analyst estimates of $6.20 billion. Marriott International had a net margin of 13.00% and a negative return on equity of 848.49%. The firm’s revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.96 EPS. Equities analysts predict that Marriott International, Inc. will post 9.46 EPS for the current year.

Marriott International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, February 22nd were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend was Wednesday, February 21st. Marriott International’s dividend payout ratio (DPR) is presently 20.41%.

Insider Activity at Marriott International

In related 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 sale, the chief executive officer now directly owns 93,323 shares of the company’s stock, valued at approximately $23,188,899.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related 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 sale, 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 can be accessed through this link. 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 sale, 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. In the last three months, insiders have sold 125,003 shares of company stock valued at $30,435,493. 12.32% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. UBS Group raised their target price on shares of Marriott International from $210.00 to $259.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. Robert W. Baird lowered their price target on shares of Marriott International from $250.00 to $248.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 14th. Jefferies Financial Group raised their price target on shares of Marriott International from $205.00 to $227.00 and gave the stock a “hold” rating in a research report on Tuesday, January 2nd. Mizuho lowered their price target on shares of Marriott International from $263.00 to $260.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 23rd. Finally, Barclays raised their price target on shares of Marriott International from $239.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Friday, April 19th. Eleven analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $236.69.

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