Angeles Investment Advisors LLC Sells 137 Shares of Marriott International, Inc. (NASDAQ:MAR)

Angeles Investment Advisors LLC reduced its stake in Marriott International, Inc. (NASDAQ:MAR) by 10.8% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,133 shares of the company’s stock after selling 137 shares during the quarter. Angeles Investment Advisors LLC’s holdings in Marriott International were worth $316,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in MAR. Raymond James Financial Inc. bought a new position in shares of Marriott International during the 4th quarter valued at approximately $165,162,000. PointState Capital LP purchased a new stake in Marriott International in the third quarter worth $98,249,000. Proficio Capital Partners LLC lifted its position in shares of Marriott International by 36,564.5% during the 4th quarter. Proficio Capital Partners LLC now owns 360,779 shares of the company’s stock valued at $100,636,000 after buying an additional 359,795 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Marriott International by 341.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 381,226 shares of the company’s stock worth $106,339,000 after acquiring an additional 294,898 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich increased its holdings in Marriott International by 35,705.3% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 241,686 shares of the company’s stock worth $71,681,000 after acquiring an additional 241,011 shares during the last quarter. Institutional investors own 70.70% of the company’s stock.

Insider Activity

In other Marriott International news, insider William P. Brown sold 12,642 shares of the stock in a transaction on Friday, February 21st. The shares were 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 owns 30,919 shares of the company’s stock, valued at $8,831,393.97. This represents a 29.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Kathleen K. Oberg sold 14,498 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $278.07, for a total transaction of $4,031,458.86. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,694 shares of company stock valued at $8,938,132. 12.32% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on MAR shares. JPMorgan Chase & Co. lifted their target price on shares of Marriott International from $251.00 to $269.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. UBS Group boosted their target price on shares of Marriott International from $294.00 to $301.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Barclays cut their price target on Marriott International from $287.00 to $283.00 and set an “equal weight” rating for the company in a report on Wednesday, February 12th. The Goldman Sachs Group increased their price objective on Marriott International from $280.00 to $314.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Finally, Evercore ISI raised Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 target price for the company in a report on Tuesday, February 4th. Thirteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $286.05.

Marriott International Trading Down 3.0 %

MAR opened at $237.49 on Monday. The stock has a market capitalization of $65.47 billion, a P/E ratio of 28.54, a PEG ratio of 3.42 and a beta of 1.58. The stock has a 50-day moving average price of $275.53 and a 200-day moving average price of $270.37. Marriott International, Inc. has a 12-month low of $204.55 and a 12-month high of $307.52.

Marriott International (NASDAQ:MAR) last issued its earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share (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 predict that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, February 27th will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend is Thursday, February 27th. Marriott International’s dividend payout ratio is presently 30.29%.

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.