5,600 Shares in Marriott International, Inc. (NASDAQ:MAR) Acquired by Eagle Global Advisors LLC

Eagle Global Advisors LLC acquired a new stake in shares of Marriott International, Inc. (NASDAQ:MAR) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 5,600 shares of the company’s stock, valued at approximately $1,562,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Wescott Financial Advisory Group LLC lifted its stake in shares of Marriott International by 0.6% during the fourth quarter. Wescott Financial Advisory Group LLC now owns 5,554 shares of the company’s stock worth $1,549,000 after buying an additional 35 shares during the period. TFG Advisers LLC grew its stake in Marriott International by 0.8% during the 4th quarter. TFG Advisers LLC now owns 4,426 shares of the company’s stock valued at $1,235,000 after purchasing an additional 37 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in shares of Marriott International by 1.2% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,290 shares of the company’s stock valued at $918,000 after purchasing an additional 38 shares during the period. Evermay Wealth Management LLC lifted its holdings in shares of Marriott International by 1.1% during the fourth quarter. Evermay Wealth Management LLC now owns 3,415 shares of the company’s stock worth $953,000 after purchasing an additional 38 shares during the period. Finally, Essex Financial Services Inc. raised its position in Marriott International by 1.3% during the 4th quarter. Essex Financial Services Inc. now owns 3,004 shares of the company’s stock worth $838,000 after buying an additional 39 shares during the last quarter. Institutional investors own 70.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on MAR shares. Stifel Nicolaus dropped their price target on shares of Marriott International from $295.00 to $240.00 and set a “hold” rating on the stock in a research report on Wednesday, April 16th. BMO Capital Markets lifted their price target on Marriott International from $250.00 to $265.00 and gave the company a “market perform” rating in a research note on Wednesday. Susquehanna increased their price target on Marriott International from $255.00 to $285.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Robert W. Baird upped their target price on Marriott International from $250.00 to $265.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, Morgan Stanley cut their price objective on Marriott International from $275.00 to $267.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. Fourteen research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $272.75.

Marriott International Price Performance

NASDAQ MAR opened at $255.99 on Thursday. The company has a market capitalization of $70.64 billion, a price-to-earnings ratio of 30.77, a price-to-earnings-growth ratio of 3.42 and a beta of 1.39. Marriott International, Inc. has a 12 month low of $204.55 and a 12 month high of $307.52. The firm’s fifty day moving average price is $238.51 and its 200 day moving average price is $266.43.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.25 by $0.07. The company had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.19 billion. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. Marriott International’s revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.13 EPS. As a group, sell-side analysts forecast that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, February 27th were given a dividend of $0.63 per share. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.98%. Marriott International’s payout ratio is currently 30.29%.

Insider Transactions at Marriott International

In other Marriott International news, CFO Kathleen K. Oberg sold 14,498 shares of the business’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $278.07, for a total transaction of $4,031,458.86. Following the completion of the transaction, the chief financial officer now owns 14,282 shares in the company, valued at approximately $3,971,395.74. The trade was a 50.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider William P. Brown sold 12,642 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $285.63, for a total transaction of $3,610,934.46. Following the completion of the sale, the insider now directly owns 30,919 shares of the company’s stock, valued at approximately $8,831,393.97. This represents a 29.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 31,694 shares of company stock valued at $8,938,132. 10.68% of the stock is currently owned by insiders.

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.