Argent Trust Co Has $224,000 Holdings in Marriott International, Inc. (NASDAQ:MAR)

Argent Trust Co grew its stake in Marriott International, Inc. (NASDAQ:MAR – Get Rating) by 5.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,506 shares of the company’s stock after buying an additional 75 shares during the period. Argent Trust Co’s holdings in Marriott International were worth $224,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in MAR. American Century Companies Inc. lifted its position in shares of Marriott International by 2.4% during the 1st quarter. American Century Companies Inc. now owns 13,938 shares of the company’s stock worth $2,450,000 after purchasing an additional 330 shares during the last quarter. Raymond James Trust N.A. lifted its position in shares of Marriott International by 5.8% during the 1st quarter. Raymond James Trust N.A. now owns 3,444 shares of the company’s stock worth $605,000 after purchasing an additional 189 shares during the last quarter. Synovus Financial Corp lifted its position in shares of Marriott International by 13.3% during the 1st quarter. Synovus Financial Corp now owns 3,873 shares of the company’s stock worth $682,000 after purchasing an additional 455 shares during the last quarter. Sei Investments Co. lifted its position in shares of Marriott International by 12.1% during the 1st quarter. Sei Investments Co. now owns 43,563 shares of the company’s stock worth $7,708,000 after purchasing an additional 4,685 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. raised its holdings in Marriott International by 64.9% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 27,406 shares of the company’s stock valued at $4,816,000 after acquiring an additional 10,790 shares in the last quarter. Institutional investors and hedge funds own 58.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Wells Fargo & Company cut their price target on Marriott International from $190.00 to $183.00 and set an “overweight” rating for the company in a report on Thursday, March 30th. Morgan Stanley upped their price target on Marriott International from $195.00 to $197.00 and gave the company an “overweight” rating in a report on Monday, April 17th. BMO Capital Markets upped their price target on Marriott International from $163.00 to $183.00 and gave the company a “market perform” rating in a report on Wednesday, February 15th. TD Cowen upped their price target on Marriott International from $170.00 to $172.00 and gave the company an “outperform” rating in a report on Tuesday, March 28th. Finally, Credit Suisse Group upped their price objective on Marriott International from $185.00 to $205.00 and gave the company a “hold” rating in a research note on Thursday, February 16th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $184.00.

Marriott International Stock Performance

MAR stock opened at $171.66 on Friday. The business’s fifty day moving average is $169.19 and its 200-day moving average is $165.11. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 73.56. The company has a market cap of $52.07 billion, a P/E ratio of 20.08, a price-to-earnings-growth ratio of 1.29 and a beta of 1.57. Marriott International, Inc. has a twelve month low of $131.01 and a twelve month high of $183.27.

Marriott International (NASDAQ:MAR – Get Rating) last posted its quarterly earnings results on Tuesday, May 2nd. The company reported $2.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.23. The company had revenue of $5.62 billion for the quarter, compared to the consensus estimate of $5.44 billion. Marriott International had a return on equity of 272.54% and a net margin of 12.34%. The firm’s quarterly revenue was up 33.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.25 EPS. Equities research analysts forecast that Marriott International, Inc. will post 8.39 EPS for the current year.

Marriott International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, May 26th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend is Thursday, May 25th. This is an increase from Marriott International’s previous quarterly dividend of $0.40. Marriott International’s dividend payout ratio (DPR) is presently 18.71%.

Insider Buying and Selling

In other Marriott International news, EVP Benjamin T. Breland sold 625 shares of the stock in a transaction dated Thursday, March 30th. The stock was sold at an average price of $163.06, for a total transaction of $101,912.50. Following the completion of the transaction, the executive vice president now owns 9,079 shares in the company, valued at approximately $1,480,421.74. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Marriott International news, insider Rajeev Menon sold 6,000 shares of the stock in a transaction dated Tuesday, March 7th. The stock was sold at an average price of $176.17, for a total transaction of $1,057,020.00. Following the completion of the transaction, the insider now owns 12,000 shares in the company, valued at approximately $2,114,040. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Benjamin T. Breland sold 625 shares of the firm’s stock in a transaction dated Thursday, March 30th. The shares were sold at an average price of $163.06, for a total value of $101,912.50. Following the completion of the transaction, the executive vice president now owns 9,079 shares of the company’s stock, valued at approximately $1,480,421.74. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,484 shares of company stock valued at $4,131,974. 12.32% of the stock is owned by company insiders.

Marriott International Profile

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Marriott International, Inc engages in the operation and franchise of hotel, residential, and timeshare properties. It operates through the following geography segments: U.S. & Canada, Asia Pacific, and Europe, Middle East and Africa (EMEA). The company was founded by J. Willard Marriott and Alice Sheets Marriott in 1927 and is headquartered in Bethesda, MD.