Rhumbline Advisers Has $120.43 Million Holdings in Marriott International, Inc. (NASDAQ:MAR)

Rhumbline Advisers lessened its position in Marriott International, Inc. (NASDAQ:MAR) by 3.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 431,744 shares of the company’s stock after selling 13,398 shares during the period. Rhumbline Advisers’ holdings in Marriott International were worth $120,431,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. ABC Arbitrage SA purchased a new position in shares of Marriott International during the fourth quarter valued at approximately $293,000. Blue Trust Inc. boosted its position in shares of Marriott International by 3.4% during the fourth quarter. Blue Trust Inc. now owns 5,478 shares of the company’s stock valued at $1,528,000 after buying an additional 178 shares during the last quarter. Red Cedar Investment Management LLC purchased a new position in shares of Marriott International during the fourth quarter valued at approximately $1,498,000. Campbell Wealth Management purchased a new position in shares of Marriott International during the fourth quarter valued at approximately $1,178,000. Finally, Asset Planning Inc purchased a new position in shares of Marriott International during the fourth quarter valued at approximately $494,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Stock Performance

NASDAQ:MAR opened at $283.52 on Friday. Marriott International, Inc. has a 52-week low of $204.55 and a 52-week high of $307.52. The firm has a market cap of $78.79 billion, a price-to-earnings ratio of 29.66, a PEG ratio of 4.88 and a beta of 1.57. The business’s fifty day moving average is $284.12 and its 200 day moving average is $262.57.

Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.08. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. Equities analysts predict that Marriott International, Inc. will post 9.26 EPS for the current fiscal year.

Marriott International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, February 27th will be issued a $0.63 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $2.52 annualized dividend and a dividend yield of 0.89%. Marriott International’s payout ratio is currently 26.36%.

Analyst Ratings Changes

Several research analysts have weighed in on MAR shares. Argus boosted their price objective on Marriott International from $300.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. TD Cowen cut their price objective 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. 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. Evercore ISI raised Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 price objective on the stock in a research report on Tuesday, February 4th. Finally, Sanford C. Bernstein boosted their price objective on Marriott International from $262.00 to $290.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $284.45.

Insider Buying and Selling at Marriott International

In other news, insider William P. Brown sold 1,707 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $284.30, for a total transaction of $485,300.10. Following the transaction, the insider now directly owns 23,077 shares in the company, valued at approximately $6,560,791.10. This represents a 6.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 12.32% of the company’s stock.

About Marriott International

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.