Raleigh Capital Management Inc. Sells 110 Shares of Marriott International, Inc. (NASDAQ:MAR)

Raleigh Capital Management Inc. trimmed its position in Marriott International, Inc. (NASDAQ:MAR) by 5.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,745 shares of the company’s stock after selling 110 shares during the quarter. Raleigh Capital Management Inc.’s holdings in Marriott International were worth $487,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Silvant Capital Management LLC bought a new position in shares of Marriott International during the third quarter valued at about $31,000. Darwin Wealth Management LLC bought a new position in Marriott International during the 3rd quarter valued at approximately $33,000. ORG Partners LLC lifted its holdings in Marriott International by 158.5% in the 4th quarter. ORG Partners LLC now owns 137 shares of the company’s stock worth $38,000 after buying an additional 84 shares during the period. Kathleen S. Wright Associates Inc. purchased a new position in shares of Marriott International during the third quarter valued at approximately $40,000. Finally, Kimelman & Baird LLC bought a new position in shares of Marriott International during the second quarter valued at approximately $41,000. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Insiders Place Their Bets

In other news, insider William P. Brown sold 1,707 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $284.30, for a total transaction of $485,300.10. Following the completion of the transaction, the insider now owns 23,077 shares of the company’s stock, valued at $6,560,791.10. This represents a 6.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Kathleen K. Oberg sold 2,360 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $285.41, for a total value of $673,567.60. Following the sale, the chief financial officer now owns 39,726 shares of the company’s stock, valued at $11,338,197.66. This represents a 5.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,815 shares of company stock worth $3,919,739. 12.32% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on MAR. Evercore ISI increased their price target on shares of Marriott International from $245.00 to $270.00 and gave the stock an “in-line” rating in a research note on Monday, October 21st. BMO Capital Markets lifted their price target on shares of Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 5th. Bank of America boosted their price target on Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 21st. JPMorgan Chase & Co. upped their price objective on Marriott International from $251.00 to $269.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Finally, Barclays lifted their price target on shares of Marriott International from $249.00 to $286.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Fourteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Marriott International presently has a consensus rating of “Hold” and a consensus price target of $272.15.

Marriott International Stock Up 1.0 %

Shares of NASDAQ:MAR opened at $280.41 on Thursday. The stock has a market cap of $77.92 billion, a price-to-earnings ratio of 29.33, a price-to-earnings-growth ratio of 4.59 and a beta of 1.57. The firm’s 50 day moving average price is $282.07 and its 200 day moving average price is $256.82. Marriott International, Inc. has a fifty-two week low of $204.55 and a fifty-two week high of $295.45.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Monday, November 4th. The company reported $2.26 earnings per share for the quarter, missing the consensus estimate of $2.31 by ($0.05). The firm had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.27 billion. Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. Marriott International’s revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.11 earnings per share. On average, equities analysts anticipate that Marriott International, Inc. will post 9.25 EPS for the current year.

Marriott International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st were given a dividend of $0.63 per share. The ex-dividend date was Thursday, November 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.90%. Marriott International’s payout ratio is 26.36%.

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.