FineMark National Bank & Trust Sells 60 Shares of Marriott International, Inc. (NASDAQ:MAR)

FineMark National Bank & Trust cut its holdings in Marriott International, Inc. (NASDAQ:MAR) by 5.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,140 shares of the company’s stock after selling 60 shares during the quarter. FineMark National Bank & Trust’s holdings in Marriott International were worth $318,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hopwood Financial Services Inc. acquired a new position in Marriott International during the 4th quarter worth approximately $25,000. Bell Investment Advisors Inc lifted its holdings in shares of Marriott International by 112.2% in the 4th quarter. Bell Investment Advisors Inc now owns 104 shares of the company’s stock worth $29,000 after purchasing an additional 55 shares in the last quarter. Sound Income Strategies LLC increased its stake in Marriott International by 494.4% during the 4th quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock valued at $30,000 after purchasing an additional 89 shares in the last quarter. Wingate Wealth Advisors Inc. acquired a new position in Marriott International during the fourth quarter worth $33,000. Finally, ORG Partners LLC grew its holdings in shares of Marriott International by 158.5% during the fourth quarter. ORG Partners LLC now owns 137 shares of the company’s stock valued at $38,000 after buying an additional 84 shares during the last quarter. 70.70% of the stock is currently owned by institutional investors.

Marriott International Stock Performance

Shares of MAR opened at $246.72 on Thursday. Marriott International, Inc. has a fifty-two week low of $204.55 and a fifty-two week high of $307.52. The business has a 50-day moving average of $273.76 and a 200 day moving average of $270.43. The firm has a market cap of $68.02 billion, a P/E ratio of 29.65, a price-to-earnings-growth ratio of 3.42 and a beta of 1.58.

Marriott International (NASDAQ:MAR) last posted its earnings results 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 net margin of 9.46% and a negative return on equity of 116.67%. As a group, research analysts predict that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, February 27th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date is Thursday, February 27th. Marriott International’s payout ratio is presently 30.29%.

Insider Activity

In related news, insider William P. Brown sold 12,642 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $285.63, for a total value of $3,610,934.46. Following the sale, the insider now owns 30,919 shares in the company, valued at approximately $8,831,393.97. This trade represents a 29.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Susan C. Schwab sold 1,054 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $277.48, for a total value of $292,463.92. Following the transaction, the director now owns 4,551 shares of the company’s stock, valued at approximately $1,262,811.48. The trade was a 18.80 % 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. 12.32% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on MAR shares. Susquehanna raised their price target on shares of Marriott International from $255.00 to $285.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Mizuho upped their price target on Marriott International from $246.00 to $293.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Wells Fargo & Company dropped their price objective on Marriott International from $285.00 to $277.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 18th. Evercore ISI upgraded shares of Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 target price for the company in a research note on Tuesday, February 4th. Finally, Jefferies Financial Group raised their price target on shares of Marriott International from $251.00 to $295.00 and gave the company a “hold” rating in a research report on Thursday, January 2nd. Thirteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $286.05.

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, City Express by Marriott, and St.