Jacobi Capital Management LLC Boosts Stock Position in Marriott International, Inc. (NASDAQ:MAR)

Jacobi Capital Management LLC grew its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 2.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,753 shares of the company’s stock after buying an additional 100 shares during the period. Jacobi Capital Management LLC’s holdings in Marriott International were worth $1,047,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Sound Income Strategies LLC lifted its position in shares of Marriott International by 494.4% during the 4th quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock valued at $30,000 after buying an additional 89 shares during the last quarter. Silvant Capital Management LLC purchased a new position in shares of Marriott International during the 3rd quarter valued at $31,000. Darwin Wealth Management LLC purchased a new position in shares of Marriott International during the 3rd quarter valued at $33,000. Wingate Wealth Advisors Inc. purchased a new position in shares of Marriott International during the 4th quarter valued at $33,000. Finally, ORG Partners LLC lifted its position in shares of Marriott International by 158.5% during the 4th quarter. ORG Partners LLC now owns 137 shares of the company’s stock valued at $38,000 after buying an additional 84 shares during the last quarter. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on MAR. Wells Fargo & Company decreased their price objective on Marriott International from $285.00 to $277.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 18th. 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 research note on Friday, December 13th. Argus boosted their price objective on Marriott International from $300.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. TD Cowen decreased their price objective on Marriott International from $295.00 to $283.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Finally, Jefferies Financial Group boosted their price objective on Marriott International from $251.00 to $295.00 and gave the company a “hold” rating in a research note on Thursday, January 2nd. Thirteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $284.05.

Insider Transactions at Marriott International

In related news, insider William P. Brown sold 12,642 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $285.63, for a total transaction of $3,610,934.46. Following the completion of the sale, the insider now directly owns 30,919 shares in the company, valued at $8,831,393.97. This represents a 29.02 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Susan C. Schwab sold 1,054 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $277.48, for a total value of $292,463.92. Following the sale, the director now owns 4,551 shares of the company’s stock, valued at $1,262,811.48. This represents a 18.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 31,694 shares of company stock worth $8,938,132. 12.32% of the stock is currently owned by corporate insiders.

Marriott International Trading Up 1.2 %

MAR opened at $280.45 on Friday. The stock has a 50-day moving average price of $283.20 and a 200-day moving average price of $267.30. Marriott International, Inc. has a 12-month low of $204.55 and a 12-month high of $307.52. The stock has a market capitalization of $77.32 billion, a P/E ratio of 33.71, a PEG ratio of 3.42 and a beta of 1.57.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 predict that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, February 27th will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend is Thursday, February 27th. Marriott International’s payout ratio is currently 30.29%.

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.