Chevy Chase Trust Holdings LLC Sells 6,384 Shares of Marriott International, Inc. (NASDAQ:MAR)

Chevy Chase Trust Holdings LLC cut its position in Marriott International, Inc. (NASDAQ:MAR) by 4.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 133,230 shares of the company’s stock after selling 6,384 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Marriott International were worth $33,121,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its holdings in shares of Marriott International by 98.7% in the first quarter. EverSource Wealth Advisors LLC now owns 455 shares of the company’s stock worth $107,000 after acquiring an additional 226 shares in the last quarter. Mather Group LLC. raised its holdings in Marriott International by 104.4% during the 2nd quarter. Mather Group LLC. now owns 1,425 shares of the company’s stock worth $360,000 after buying an additional 728 shares during the period. Park Avenue Securities LLC lifted its stake in Marriott International by 1.4% in the second quarter. Park Avenue Securities LLC now owns 3,298 shares of the company’s stock valued at $797,000 after buying an additional 46 shares in the last quarter. CWM LLC boosted its holdings in shares of Marriott International by 518.7% in the second quarter. CWM LLC now owns 47,519 shares of the company’s stock valued at $11,489,000 after buying an additional 39,839 shares during the period. Finally, NBC Securities Inc. raised its holdings in shares of Marriott International by 9.6% during the second quarter. NBC Securities Inc. now owns 3,609 shares of the company’s stock worth $872,000 after acquiring an additional 316 shares during the period. 70.70% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on MAR shares. Bank of America increased their target price on Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Wells Fargo & Company lifted their target price on Marriott International from $238.00 to $261.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 22nd. Stifel Nicolaus upped their price target on Marriott International from $252.00 to $283.00 and gave the stock a “hold” rating in a research report on Tuesday, November 26th. Barclays lifted their price objective on shares of Marriott International from $240.00 to $249.00 and gave the company an “equal weight” rating in a report on Tuesday, November 5th. Finally, Macquarie reaffirmed a “neutral” rating and issued a $245.00 target price on shares of Marriott International in a research report on Tuesday, November 5th. Fourteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $260.20.

Marriott International Trading Down 1.0 %

Shares of NASDAQ MAR opened at $286.24 on Tuesday. The company has a market capitalization of $79.54 billion, a P/E ratio of 29.94, a P/E/G ratio of 5.69 and a beta of 1.58. Marriott International, Inc. has a 12 month low of $202.24 and a 12 month high of $290.43. The stock has a 50 day moving average of $266.70 and a 200-day moving average of $245.20.

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

Marriott International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend is Thursday, November 21st. Marriott International’s dividend payout ratio is presently 26.36%.

Insider Activity

In related news, CFO Kathleen K. Oberg sold 2,360 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $285.41, for a total value of $673,567.60. Following the transaction, the chief financial officer now directly owns 39,726 shares in the company, valued at approximately $11,338,197.66. This represents a 5.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Benjamin T. Breland sold 500 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $274.49, for a total transaction of $137,245.00. Following the completion of the sale, the executive vice president now directly owns 12,286 shares of the company’s stock, valued at $3,372,384.14. This represents a 3.91 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,815 shares of company stock valued at $3,919,739. 10.07% of the stock is owned by insiders.

Marriott International Company 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.