Armstrong Fleming & Moore Inc Lowers Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

Armstrong Fleming & Moore Inc trimmed its position in Marriott International, Inc. (NASDAQ:MAR) by 4.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,986 shares of the company’s stock after selling 648 shares during the quarter. Marriott International accounts for 2.2% of Armstrong Fleming & Moore Inc’s holdings, making the stock its 7th biggest holding. Armstrong Fleming & Moore Inc’s holdings in Marriott International were worth $3,622,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Lake Street Advisors Group LLC boosted its stake in shares of Marriott International by 6.0% in the fourth quarter. Lake Street Advisors Group LLC now owns 3,952 shares of the company’s stock valued at $1,102,000 after buying an additional 225 shares during the period. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Marriott International during the 4th quarter worth $100,000. Longbow Finance SA acquired a new position in Marriott International in the fourth quarter valued at about $8,840,000. Sterling Investment Advisors Ltd. bought a new position in Marriott International in the 4th quarter valued at about $230,000. Finally, FourThought Financial Partners LLC bought a new stake in shares of Marriott International during the 4th quarter worth approximately $240,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Price Performance

NASDAQ:MAR opened at $277.46 on Wednesday. Marriott International, Inc. has a one year low of $204.55 and a one year high of $307.52. The company has a market cap of $76.49 billion, a PE ratio of 33.35, a PEG ratio of 3.42 and a beta of 1.57. The firm has a 50-day moving average of $283.22 and a 200-day moving average of $266.30.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 EPS for the quarter, topping the consensus estimate of $2.37 by $0.08. Marriott International had a negative return on equity of 116.67% and a net margin of 9.46%. On average, equities research analysts expect that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, February 27th will be paid a $0.63 dividend. The ex-dividend date is Thursday, February 27th. This represents a $2.52 annualized dividend and a dividend yield of 0.91%. Marriott International’s payout ratio is 30.29%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on MAR shares. JPMorgan Chase & Co. raised their target price on Marriott International from $251.00 to $269.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Wells Fargo & Company lowered their target price on Marriott International from $285.00 to $277.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 18th. Sanford C. Bernstein upped their price objective on shares of Marriott International from $262.00 to $290.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Barclays decreased their target price on shares of Marriott International from $287.00 to $283.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 12th. Finally, Robert W. Baird raised their price objective on 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 given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $284.05.

Insider Activity at Marriott International

In other Marriott International news, EVP Rena Hozore Reiss sold 3,500 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $286.65, for a total value of $1,003,275.00. Following the completion of the transaction, the executive vice president now owns 24,733 shares in the company, valued at $7,089,714.45. This represents a 12.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kathleen K. Oberg sold 14,498 shares of Marriott International stock in a transaction on Friday, February 21st. The stock was sold at an average price of $278.07, for a total value of $4,031,458.86. Following the sale, the chief financial officer now owns 14,282 shares in the company, valued at $3,971,395.74. The trade was a 50.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,640 shares of company stock valued at $8,645,668 over the last ninety days. Corporate insiders own 10.07% of the company’s stock.

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.