Cambridge Trust Co. Sells 84 Shares of Marriott International, Inc. (NASDAQ:MAR)

Cambridge Trust Co. lessened its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 12.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 618 shares of the company’s stock after selling 84 shares during the quarter. Cambridge Trust Co.’s holdings in Marriott International were worth $139,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. American Century Companies Inc. raised its stake in shares of Marriott International by 2.4% during the first quarter. American Century Companies Inc. now owns 13,938 shares of the company’s stock valued at $2,450,000 after acquiring an additional 330 shares during the last quarter. Raymond James Trust N.A. raised its position in Marriott International by 5.8% during the 1st quarter. Raymond James Trust N.A. now owns 3,444 shares of the company’s stock valued at $605,000 after purchasing an additional 189 shares during the last quarter. Synovus Financial Corp lifted its holdings in Marriott International by 13.3% in the 1st quarter. Synovus Financial Corp now owns 3,873 shares of the company’s stock worth $682,000 after buying an additional 455 shares during the period. Sei Investments Co. grew its position in shares of Marriott International by 12.1% in the 1st quarter. Sei Investments Co. now owns 43,563 shares of the company’s stock worth $7,708,000 after buying an additional 4,685 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. increased its stake in shares of Marriott International by 64.9% during the first quarter. Candriam Luxembourg S.C.A. now owns 27,406 shares of the company’s stock valued at $4,816,000 after buying an additional 10,790 shares during the period. Institutional investors own 70.70% of the company’s stock.

Insider Buying and Selling

In other Marriott International news, CFO Kathleen K. Oberg sold 47,109 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $242.71, for a total transaction of $11,433,825.39. Following the completion of the transaction, the chief financial officer now owns 20,036 shares in the company, valued at $4,862,937.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Kathleen K. Oberg sold 47,109 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $242.71, for a total transaction of $11,433,825.39. Following the completion of the sale, the chief financial officer now directly owns 20,036 shares of the company’s stock, valued at $4,862,937.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Deborah Marriott Harrison sold 37,300 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $241.46, for a total transaction of $9,006,458.00. Following the completion of the transaction, the insider now directly owns 9,100 shares in the company, valued at approximately $2,197,286. The disclosure for this sale can be found here. Insiders have sold 125,003 shares of company stock valued at $30,435,493 in the last ninety days. 12.32% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

MAR has been the topic of several recent analyst reports. Barclays boosted their price objective on shares of Marriott International from $239.00 to $240.00 and gave the company an “equal weight” rating in a research report on Friday. Wells Fargo & Company raised their price objective on shares of Marriott International from $234.00 to $250.00 and gave the stock an “equal weight” rating in a report on Monday, March 18th. Argus increased their target price on Marriott International from $270.00 to $280.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Jefferies Financial Group lifted their price target on Marriott International from $205.00 to $227.00 and gave the company a “hold” rating in a research report on Tuesday, January 2nd. Finally, Truist Financial upped their price objective on shares of Marriott International from $233.00 to $263.00 and gave the stock a “hold” rating in a report on Wednesday, February 14th. Eleven research 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, the stock has an average rating of “Hold” and an average price target of $236.88.

Marriott International Trading Down 0.1 %

Marriott International stock opened at $236.00 on Friday. The firm has a 50 day moving average of $248.31 and a 200 day moving average of $225.41. Marriott International, Inc. has a 12-month low of $162.77 and a 12-month high of $260.57. The firm has a market capitalization of $68.20 billion, a price-to-earnings ratio of 23.16, a P/E/G ratio of 1.72 and a beta of 1.62.

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

Marriott International Announces Dividend

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

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.