Sei Investments Co. Sells 397 Shares of Marriott International, Inc. (NASDAQ:MAR)

Sei Investments Co. lowered its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 0.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 129,663 shares of the company’s stock after selling 397 shares during the quarter. Sei Investments Co.’s holdings in Marriott International were worth $36,168,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. American Century Companies Inc. lifted its position in Marriott International by 0.3% in the 4th quarter. American Century Companies Inc. now owns 26,592 shares of the company’s stock valued at $7,418,000 after acquiring an additional 88 shares in the last quarter. Mizuho Securities USA LLC raised its stake in shares of Marriott International by 44.3% in the 4th quarter. Mizuho Securities USA LLC now owns 21,861 shares of the company’s stock valued at $6,098,000 after purchasing an additional 6,709 shares during the period. Millstone Evans Group LLC acquired a new position in shares of Marriott International during the fourth quarter worth about $134,000. Lee Danner & Bass Inc. bought a new position in shares of Marriott International during the fourth quarter worth about $112,000. Finally, Ballast Advisors LLC raised its position in Marriott International by 16.5% in the 4th quarter. Ballast Advisors LLC now owns 2,206 shares of the company’s stock valued at $615,000 after buying an additional 313 shares during the last quarter. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Kathleen K. Oberg sold 14,498 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $278.07, for a total transaction of $4,031,458.86. Following the completion of the sale, the chief financial officer now owns 14,282 shares of the company’s stock, valued at approximately $3,971,395.74. This represents a 50.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider William P. Brown sold 12,642 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $285.63, for a total transaction of $3,610,934.46. Following the transaction, the insider now owns 30,919 shares of the company’s stock, valued at approximately $8,831,393.97. This represents a 29.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,694 shares of company stock worth $8,938,132. Corporate insiders own 12.32% of the company’s stock.

Marriott International Stock Up 2.3 %

Shares of NASDAQ:MAR opened at $242.92 on Tuesday. Marriott International, Inc. has a 12-month low of $204.55 and a 12-month high of $307.52. The business has a 50 day moving average of $274.94 and a 200-day moving average of $270.47. The stock has a market cap of $66.97 billion, a PE ratio of 29.20, a P/E/G ratio of 3.42 and a beta of 1.58.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.08. Marriott International had a negative return on equity of 116.67% and a net margin of 9.46%. Equities research analysts expect that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, February 27th will be given a dividend of $0.63 per share. The ex-dividend date is Thursday, February 27th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.04%. Marriott International’s payout ratio is presently 30.29%.

Analyst Ratings Changes

MAR has been the subject of several research reports. UBS Group raised their price target on shares of Marriott International from $294.00 to $301.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. JPMorgan Chase & Co. lifted 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. Evercore ISI upgraded Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 price objective for the company in a report on Tuesday, February 4th. The Goldman Sachs Group upped their target price on Marriott International from $280.00 to $314.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Finally, Stifel Nicolaus boosted their price target on Marriott International from $252.00 to $283.00 and gave the stock a “hold” rating in a research report on Tuesday, November 26th. Thirteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $286.05.

Marriott International Company 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.