Clarendon Private LLC Invests $207,000 in Marriott International, Inc. (NASDAQ:MAR)

Clarendon Private LLC acquired a new position in shares of Marriott International, Inc. (NASDAQ:MAR) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 743 shares of the company’s stock, valued at approximately $207,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Jensen Investment Management Inc. acquired a new position in shares of Marriott International in the 3rd quarter valued at about $793,000. BayBridge Capital Group LLC bought a new position in Marriott International in the third quarter worth about $1,254,000. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Marriott International by 0.5% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 566,548 shares of the company’s stock valued at $140,844,000 after purchasing an additional 2,723 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new stake in shares of Marriott International during the 3rd quarter worth approximately $2,721,000. Finally, Kinsale Capital Group Inc. acquired a new position in Marriott International during the 3rd quarter valued at approximately $3,769,000. Institutional investors own 70.70% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Macquarie reiterated a “neutral” rating and issued a $245.00 target price on shares of Marriott International in a research note on Tuesday, November 5th. Bank of America boosted their target price on shares of Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 21st. JPMorgan Chase & Co. raised their price target on shares of Marriott International from $251.00 to $269.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Robert W. Baird boosted their price objective on Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Finally, TD Cowen lowered their target price on Marriott International from $295.00 to $283.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Fourteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $272.15.

Insiders Place Their Bets

In related news, EVP Benjamin T. Breland sold 500 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total transaction of $137,245.00. Following the transaction, the executive vice president now directly owns 12,286 shares of the company’s stock, valued at approximately $3,372,384.14. The trade was a 3.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Felitia Lee sold 916 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $276.48, for a total value of $253,255.68. Following the sale, the chief accounting officer now owns 5,609 shares of the company’s stock, valued at $1,550,776.32. The trade was a 14.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,815 shares of company stock worth $3,919,739 over the last ninety days. 12.32% of the stock is currently owned by company insiders.

Marriott International Price Performance

MAR stock opened at $284.11 on Friday. The firm has a market cap of $78.95 billion, a PE ratio of 29.72, a P/E/G ratio of 4.64 and a beta of 1.57. Marriott International, Inc. has a 12 month low of $204.55 and a 12 month high of $295.45. The firm has a 50 day simple moving average of $282.24 and a 200 day simple moving average of $257.32.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). The company had revenue of $6.26 billion for 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 was up 5.5% on a year-over-year basis. During the same quarter last year, the company posted $2.11 EPS. As a group, sell-side analysts expect that Marriott International, Inc. will post 9.25 earnings per share for the current year.

Marriott International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Thursday, November 21st were paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date was Thursday, November 21st. Marriott International’s dividend payout ratio is presently 26.36%.

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, City Express by Marriott, and St.