Raleigh Capital Management Inc. Has $487,000 Holdings in Marriott International, Inc. (NASDAQ:MAR)

Raleigh Capital Management Inc. lowered its position in Marriott International, Inc. (NASDAQ:MAR) by 5.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,745 shares of the company’s stock after selling 110 shares during the period. Raleigh Capital Management Inc.’s holdings in Marriott International were worth $487,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Public Sector Pension Investment Board boosted its position in shares of Marriott International by 63.7% during the 2nd quarter. Public Sector Pension Investment Board now owns 8,444 shares of the company’s stock valued at $2,042,000 after purchasing an additional 3,287 shares in the last quarter. Evergreen Capital Management LLC boosted its holdings in shares of Marriott International by 3.9% during the 2nd quarter. Evergreen Capital Management LLC now owns 2,556 shares of the company’s stock worth $618,000 after buying an additional 97 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of Marriott International by 57.6% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 47,130 shares of the company’s stock valued at $11,395,000 after acquiring an additional 17,231 shares in the last quarter. AXA S.A. boosted its stake in Marriott International by 133.4% during the second quarter. AXA S.A. now owns 221,045 shares of the company’s stock worth $53,442,000 after acquiring an additional 126,323 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in Marriott International by 59.9% in the second quarter. AQR Capital Management LLC now owns 123,973 shares of the company’s stock valued at $29,973,000 after purchasing an additional 46,420 shares in the last quarter. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Marriott International

In other Marriott International news, EVP Benjamin T. Breland sold 500 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total transaction of $137,245.00. Following the sale, the executive vice president now owns 12,286 shares in the company, valued at $3,372,384.14. This trade represents a 3.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Anthony Capuano sold 8,332 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $284.49, for a total value of $2,370,370.68. Following the completion of the transaction, the chief executive officer now owns 108,361 shares of the company’s stock, valued at $30,827,620.89. The trade was a 7.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,815 shares of company stock valued at $3,919,739. Company insiders own 12.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price objective on Marriott International from $251.00 to $269.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Sanford C. Bernstein lifted their price objective on shares of Marriott International from $262.00 to $290.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Evercore ISI raised their price target on shares of Marriott International from $245.00 to $270.00 and gave the company an “in-line” rating in a research report on Monday, October 21st. Macquarie reissued a “neutral” rating and issued a $245.00 price objective on shares of Marriott International in a research note on Tuesday, November 5th. Finally, TD Cowen cut their target price 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. Fourteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Marriott International currently has an average rating of “Hold” and a consensus target price of $272.15.

Marriott International Price Performance

NASDAQ:MAR opened at $280.41 on Thursday. The company has a market cap of $77.92 billion, a P/E ratio of 29.33, a P/E/G ratio of 4.59 and a beta of 1.57. Marriott International, Inc. has a 1 year low of $204.55 and a 1 year high of $295.45. The stock’s fifty day moving average price is $282.07 and its two-hundred day moving average price is $256.82.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results 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). Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The company had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.27 billion. During the same quarter in the prior year, the company earned $2.11 earnings per share. The company’s quarterly revenue was up 5.5% on a year-over-year basis. On average, analysts expect that Marriott International, Inc. will post 9.25 earnings per share for the current fiscal year.

Marriott International Announces Dividend

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