Tacita Capital Inc Has $45,000 Stake in Marriott International, Inc. (NASDAQ:MAR)

Tacita Capital Inc lowered its holdings in Marriott International, Inc. (NASDAQ:MAR) by 37.3% in the fourth quarter, Holdings Channel reports. The firm owned 160 shares of the company’s stock after selling 95 shares during the quarter. Tacita Capital Inc’s holdings in Marriott International were worth $45,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in MAR. Farther Finance Advisors LLC grew its position in shares of Marriott International by 3.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,621 shares of the company’s stock valued at $652,000 after acquiring an additional 92 shares during the period. Harbor Capital Advisors Inc. raised its stake in Marriott International by 0.4% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,698 shares of the company’s stock worth $2,162,000 after purchasing an additional 38 shares in the last quarter. Lansing Street Advisors acquired a new position in shares of Marriott International in the 3rd quarter valued at approximately $208,000. Robeco Institutional Asset Management B.V. raised its position in shares of Marriott International by 4.5% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 37,809 shares of the company’s stock valued at $9,399,000 after buying an additional 1,645 shares in the last quarter. Finally, Old North State Wealth Management LLC raised its position in shares of Marriott International by 4.5% in the 3rd quarter. Old North State Wealth Management LLC now owns 5,838 shares of the company’s stock valued at $1,451,000 after buying an additional 250 shares in the last quarter. Institutional investors own 70.70% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Kathleen K. Oberg sold 14,498 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $278.07, for a total value of $4,031,458.86. Following the completion of the sale, the chief financial officer now owns 14,282 shares in the company, valued at $3,971,395.74. This represents a 50.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider William P. Brown sold 12,642 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $285.63, for a total transaction of $3,610,934.46. Following the completion of the sale, the insider now owns 30,919 shares of the company’s stock, valued at approximately $8,831,393.97. The trade was a 29.02 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 31,694 shares of company stock worth $8,938,132. Insiders own 12.32% of the company’s stock.

Marriott International Stock Down 1.0 %

Marriott International stock opened at $277.72 on Tuesday. The firm’s fifty day moving average is $283.08 and its 200 day moving average is $268.04. Marriott International, Inc. has a 12-month low of $204.55 and a 12-month high of $307.52. The company has a market capitalization of $76.57 billion, a PE ratio of 33.38, a PEG ratio of 3.42 and a beta of 1.57.

Marriott International (NASDAQ:MAR) last released 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 net margin of 9.46% and a negative return on equity of 116.67%. Sell-side analysts expect that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $2.52 annualized dividend and a yield of 0.91%. Marriott International’s payout ratio is 30.29%.

Analyst Ratings Changes

MAR has been the subject of several analyst reports. Stifel Nicolaus boosted their target price on shares of Marriott International from $252.00 to $283.00 and gave the company a “hold” rating in a research report on Tuesday, November 26th. 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 report on Friday, December 13th. Macquarie reaffirmed a “neutral” rating and set a $245.00 price target on shares of Marriott International in a report on Tuesday, November 5th. Evercore ISI raised shares of Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 price target on the stock in a report on Tuesday, February 4th. Finally, Robert W. Baird lifted their price target on shares of Marriott International from $258.00 to $264.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Thirteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $284.05.

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.