Marriott International, Inc. (NASDAQ:MAR) is Armstrong Fleming & Moore Inc’s 8th Largest Position

Armstrong Fleming & Moore Inc trimmed its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 0.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,600 shares of the company’s stock after selling 79 shares during the period. Marriott International comprises about 2.3% of Armstrong Fleming & Moore Inc’s holdings, making the stock its 8th biggest holding. Armstrong Fleming & Moore Inc’s holdings in Marriott International were worth $3,067,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of MAR. Victory Capital Management Inc. lifted its stake in Marriott International by 1.7% in the 4th quarter. Victory Capital Management Inc. now owns 222,224 shares of the company’s stock worth $50,114,000 after acquiring an additional 3,721 shares in the last quarter. Global Wealth Management Investment Advisory Inc. increased its position in Marriott International by 4.2% in the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 8,229 shares of the company’s stock worth $1,856,000 after purchasing an additional 329 shares during the last quarter. Beck Bode LLC acquired a new position in Marriott International in the 4th quarter worth about $11,743,000. Brighton Jones LLC increased its position in Marriott International by 0.8% in the 4th quarter. Brighton Jones LLC now owns 8,757 shares of the company’s stock worth $1,975,000 after purchasing an additional 68 shares during the last quarter. Finally, Mission Wealth Management LP increased its position in Marriott International by 3.6% in the 4th quarter. Mission Wealth Management LP now owns 2,218 shares of the company’s stock worth $500,000 after purchasing an additional 78 shares during the last quarter. 70.70% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Rena Hozore Reiss sold 3,563 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $240.39, for a total value of $856,509.57. Following the transaction, the executive vice president now owns 36,778 shares of the company’s stock, valued at $8,841,063.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Marriott International news, insider Deborah Marriott Harrison sold 37,300 shares of the company’s stock in a transaction on 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 sale, the insider now directly owns 9,100 shares in the company, valued at $2,197,286. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Rena Hozore Reiss sold 3,563 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $240.39, for a total value of $856,509.57. Following the sale, the executive vice president now owns 36,778 shares of the company’s stock, valued at $8,841,063.42. The disclosure for this sale can be found here. Insiders have sold a total of 125,003 shares of company stock valued at $30,435,493 over the last 90 days. 12.32% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on MAR shares. Wells Fargo & Company upped their target price on Marriott International from $234.00 to $250.00 and gave the stock an “equal weight” rating in a research report on Monday, March 18th. UBS Group increased their price objective on Marriott International from $210.00 to $259.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. Jefferies Financial Group increased their price objective on Marriott International from $205.00 to $227.00 and gave the company a “hold” rating in a report on Tuesday, January 2nd. Barclays increased their price objective on Marriott International from $239.00 to $240.00 and gave the company an “equal weight” rating in a report on Friday, April 19th. Finally, Argus increased their price objective on Marriott International from $270.00 to $280.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. Eleven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Marriott International currently has a consensus rating of “Hold” and a consensus target price of $236.69.

Marriott International Stock Performance

MAR stock traded down $2.27 during midday trading on Wednesday, hitting $233.86. 2,121,591 shares of the company’s stock were exchanged, compared to its average volume of 1,455,601. The stock’s fifty day moving average price is $248.20 and its 200-day moving average price is $228.04. The company has a market cap of $67.58 billion, a PE ratio of 23.17, a price-to-earnings-growth ratio of 5.36 and a beta of 1.62. Marriott International, Inc. has a one year low of $165.13 and a one year high of $260.57.

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

Marriott International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, February 22nd were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend was Wednesday, February 21st. Marriott International’s dividend payout ratio (DPR) 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.