Evermay Wealth Management LLC Has $953,000 Stake in Marriott International, Inc. (NASDAQ:MAR)

Evermay Wealth Management LLC lifted its holdings in Marriott International, Inc. (NASDAQ:MAR) by 1.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,415 shares of the company’s stock after acquiring an additional 38 shares during the period. Evermay Wealth Management LLC’s holdings in Marriott International were worth $953,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jensen Investment Management Inc. bought a new position in shares of Marriott International in the 3rd quarter worth $793,000. BayBridge Capital Group LLC acquired a new position in shares of Marriott International during the third quarter valued at about $1,254,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Marriott International by 0.5% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 566,548 shares of the company’s stock worth $140,844,000 after acquiring an additional 2,723 shares during the last quarter. Oddo BHF Asset Management Sas bought a new position in Marriott International in the 3rd quarter valued at about $2,721,000. Finally, Kinsale Capital Group Inc. bought a new stake in Marriott International during the 3rd quarter worth approximately $3,769,000. Institutional investors own 70.70% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Evercore ISI lifted their target price on Marriott International from $245.00 to $270.00 and gave the company an “in-line” rating in a research report on Monday, October 21st. Robert W. Baird raised their price target on shares of Marriott International from $258.00 to $264.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. upped their price objective on shares of Marriott International from $251.00 to $269.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. The Goldman Sachs Group boosted their target price on Marriott International from $280.00 to $314.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Finally, Bank of America lifted their price target on Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Fourteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $272.15.

Insider Activity

In related news, CEO Anthony Capuano sold 8,332 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 108,361 shares in the company, valued at $30,827,620.89. The trade was a 7.14 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider William P. Brown sold 1,707 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $284.30, for a total transaction of $485,300.10. Following the transaction, the insider now owns 23,077 shares in the company, valued at $6,560,791.10. The trade was a 6.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,815 shares of company stock worth $3,919,739. 12.32% of the stock is currently owned by insiders.

Marriott International Stock Performance

Shares of MAR opened at $290.59 on Friday. The stock has a market capitalization of $80.75 billion, a price-to-earnings ratio of 30.40, a price-to-earnings-growth ratio of 4.65 and a beta of 1.57. Marriott International, Inc. has a 52-week low of $204.55 and a 52-week high of $295.45. The stock’s 50-day simple moving average is $283.06 and its 200 day simple moving average is $258.99.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Monday, November 4th. The company reported $2.26 EPS 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 firm had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.27 billion. During the same period in the prior year, the firm posted $2.11 EPS. Marriott International’s revenue was up 5.5% on a year-over-year basis. On average, research analysts forecast that Marriott International, Inc. will post 9.26 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Thursday, November 21st were paid a $0.63 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.52 dividend on an annualized basis and a yield of 0.87%. Marriott International’s dividend 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.