Crystal Rock Capital Management Sells 500 Shares of Marriott International, Inc. (NASDAQ:MAR)

Crystal Rock Capital Management reduced its position in Marriott International, Inc. (NASDAQ:MAR) by 2.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,575 shares of the company’s stock after selling 500 shares during the quarter. Marriott International accounts for approximately 3.5% of Crystal Rock Capital Management’s holdings, making the stock its 12th biggest holding. Crystal Rock Capital Management’s holdings in Marriott International were worth $5,739,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in MAR. PointState Capital LP bought a new position in shares of Marriott International in the third quarter worth about $98,249,000. Assenagon Asset Management S.A. boosted its position in Marriott International by 341.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 381,226 shares of the company’s stock valued at $106,339,000 after buying an additional 294,898 shares during the period. Mizuho Securities USA LLC grew its stake in Marriott International by 629.7% in the 3rd quarter. Mizuho Securities USA LLC now owns 134,973 shares of the company’s stock worth $33,554,000 after acquiring an additional 116,477 shares in the last quarter. National Bank of Canada FI raised its stake in shares of Marriott International by 78.5% during the third quarter. National Bank of Canada FI now owns 198,812 shares of the company’s stock valued at $49,425,000 after acquiring an additional 87,439 shares in the last quarter. Finally, Two Sigma Advisers LP purchased a new stake in shares of Marriott International in the third quarter valued at approximately $18,769,000. Institutional investors own 70.70% of the company’s stock.

Marriott International Stock Performance

Shares of MAR stock opened at $282.16 on Thursday. The stock’s 50-day simple moving average is $283.31 and its 200-day simple moving average is $266.41. The firm has a market capitalization of $77.79 billion, a price-to-earnings ratio of 33.91, a PEG ratio of 3.42 and a beta of 1.57. Marriott International, Inc. has a fifty-two week low of $204.55 and a fifty-two week high of $307.52.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.37 by $0.08. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. As a group, equities analysts forecast that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, February 27th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date is Thursday, February 27th. Marriott International’s dividend payout ratio (DPR) is 30.29%.

Insiders Place Their Bets

In related news, EVP Rena Hozore Reiss sold 3,500 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $286.65, for a total transaction of $1,003,275.00. Following the sale, the executive vice president now directly owns 24,733 shares of the company’s stock, valued at $7,089,714.45. This trade represents a 12.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Susan C. Schwab sold 1,054 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $277.48, for a total value of $292,463.92. Following the completion of the transaction, the director now directly owns 4,551 shares of the company’s stock, valued at $1,262,811.48. The trade was a 18.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 31,694 shares of company stock valued at $8,938,132. 10.07% of the stock is owned by insiders.

Analyst Ratings Changes

MAR has been the subject of a number of research analyst reports. TD Cowen decreased their target price on Marriott International from $295.00 to $283.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Argus lifted their price objective on Marriott International from $300.00 to $330.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Robert W. Baird increased their target price on shares of Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. BMO Capital Markets boosted their price target on shares of Marriott International from $255.00 to $265.00 and gave the company a “market perform” rating in a report on Tuesday, November 5th. Finally, Stifel Nicolaus increased their price objective on shares of Marriott International from $252.00 to $283.00 and gave the company a “hold” rating in a research note on Tuesday, November 26th. Thirteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Marriott International presently has a consensus rating of “Hold” and a consensus target price 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.